XML 19 R7.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Cash Flow - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Cash from operating activities:      
Net income $ 744.2 $ 552.0  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 236.3 103.8  
Stock-based compensation expense 26.6 23.8  
Deferred income tax (benefit) provision (13.9) 1.9  
Net change in components of working capital (271.3) (73.9)  
Net change in other long-term assets and liabilities 43.0 (8.1)  
Net cash provided by operating activities 764.9 599.5  
Cash from investing activities:      
Capital expenditures (188.6) (94.3)  
Proceeds from disposals of property, plant and equipment 4.1 0.5  
Purchases of investments (3.1) (11.9)  
Sales and maturities of investments 7.2 87.6  
Acquisitions, net of cash acquired (2,172.2) 0.0 $ (2,156.4)
Other, net 0.0 1.1  
Net cash used in investing activities (2,352.6) (17.0)  
Cash from financing activities:      
Repayments of senior notes and other long-term debt (400.5) (1.1)  
Borrowings (repayments) under commercial paper programs, net 639.8 0.0  
Payment of costs related to debt financing 0.0 (2.9)  
Purchase of treasury stock (180.9) (153.8)  
Proceeds from exercise of stock options 53.2 113.3  
Dividend payments (199.5) (131.7)  
Other, net (0.7) 0.0  
Net cash used in financing activities (88.6) (176.2)  
Effect of exchange rate changes on cash and cash equivalents 16.5 (24.2)  
Net (decrease) increase in cash and cash equivalents (1,659.8) 382.1  
Cash and cash equivalents balance, beginning of period 3,317.0 1,475.0 1,475.0
Cash and cash equivalents balance, end of period 1,657.2 1,857.1 $ 3,317.0
Cash paid for:      
Interest 51.7 32.8  
Income taxes, net $ 167.9 $ 130.1