CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating activities:
Net income	$ 770.7	$ 1,098.5
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	121.9	118.4
Provision for credit losses	3.8	6.6
Stock-based compensation expense	31.6	29.8
Net loss on life insurance policies and deferred compensation plan assets	4.0	15.4
Other	(5.6)	2.4
Changes in operating assets and liabilities (excluding effect of businesses acquired):
Accounts receivable	(163.3)	(380.6)
Inventories	(202.1)	(291.2)
Prepaid expenses and other assets	71.1	29.2
Accounts payable and other liabilities	47.6	45.7
Net cash provided by operating activities	679.7	674.2
Investing activities:
Acquisitions, net of cash acquired	(24.1)
Purchases of property, plant and equipment	(233.1)	(154.2)
Proceeds from sales of property, plant and equipment	9.4	9.2
Other	(7.2)	(4.4)
Net cash used in investing activities	(255.0)	(149.4)
Financing activities:
Net short-term debt repayments	(2.2)	(0.8)
Principal payments on long-term debt	(505.7)
Cash dividends and dividend equivalents	(120.6)	(110.6)
Share repurchases	(112.8)	(211.0)
Taxes paid related to net share settlement of restricted stock units	(37.3)	(17.1)
Other	(1.8)	23.0
Net cash used in financing activities	(780.4)	(316.5)
Effect of exchange rate changes on cash and cash equivalents	(1.4)	(4.3)
(Decrease) increase in cash and cash equivalents	(357.1)	204.0
Cash and cash equivalents at beginning of year	1,173.4	300.5
Cash and cash equivalents at end of the period	816.3	504.5
Supplemental cash flow information:
Interest paid during the period	23.7	30.3
Income taxes paid during the period, net	$ 191.0	$ 427.2