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Condensed Consolidated Statements of Cash Flow - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Cash from operating activities:      
Net income $ 429.2 $ 331.8  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 91.1 76.7  
Stock-based compensation expense 19.7 19.1  
Deferred income tax provision (benefit) 13.4 14.2  
Net change in components of working capital (182.9) (114.6)  
Net change in other long-term assets and liabilities (19.7) (6.2)  
Net cash provided by operating activities 350.8 321.0  
Cash from investing activities:      
Capital expenditures (78.1) (78.4)  
Proceeds from disposals of property, plant and equipment 1.8 0.9  
Purchases of investments (100.3) (46.2)  
Sales and maturities of investments 35.8 48.5  
Acquisitions, net of cash acquired 0.0 (185.6) $ (2,225.4)
Other (3.3) (2.4)  
Net cash used in investing activities (144.1) (263.2)  
Cash from financing activities:      
Proceeds from issuance of senior notes and other long-term debt 0.2 1.2  
Repayments of senior notes and other long-term debt (2.5) (0.8)  
Proceeds from short-term borrowings 20.1 0.0  
(Repayments) borrowings under commercial paper programs, net 138.4 811.9  
Purchase of treasury stock (204.0) (152.8)  
Proceeds from exercise of stock options 20.0 21.1  
Distributions to and purchases of noncontrolling interests (3.6) (7.6)  
Dividend payments (119.8) (86.8)  
Net cash (used in) provided by financing activities (151.2) 586.2  
Effect of exchange rate changes on cash and cash equivalents (5.1) (18.4)  
Net (decrease) increase in cash and cash equivalents 50.4 625.6  
Cash and cash equivalents balance, beginning of period 1,197.1 1,702.0 1,702.0
Cash and cash equivalents balance, end of period 1,247.5 2,327.6 $ 1,197.1
Cash paid for:      
Interest 27.6 28.1  
Income taxes, net $ 93.8 $ 75.2