XML 25 R7.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities      
Net earnings $ 23.8 $ 465.7 $ 556.7
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 76.3 77.2 85.8
Non-cash gain on disposition of previously held equity interest   (80.4)  
Non-cash gain on disposition of previously held controlling interest   (30.4)  
Non-cash goodwill and other impairment charges 71.3 64.0  
Non-cash operating lease right-of-use assets impairment 27.3    
Deferred income taxes (10.4) (43.0) (11.9)
Provision for doubtful accounts 20.3 21.8 23.0
Share-based compensation 24.2 26.3 27.8
Change in operating assets and liabilities, excluding the impact of acquisitions:      
Accounts receivable 586.9 (80.2) (146.4)
Other assets 29.9 122.3 58.7
Other liabilities 86.8 271.1 (110.6)
Cash provided by operating activities 936.4 814.4 483.1
Cash Flows from Investing Activities      
Capital expenditures (50.7) (52.9) (64.7)
Acquisitions of businesses, net of cash acquired (0.7) 77.8 (9.1)
Impact to cash resulting from deconsolidation of subsidiaries   (57.9)  
Proceeds from the sale of subsidiaries, investments, property and equipment 9.0 16.8 18.9
Cash used in investing activities (42.4) (16.2) (54.9)
Cash Flows from Financing Activities      
Net change in short-term borrowings (40.8) 11.2 3.5
Proceeds from long-term debt 2.7 9.6 583.3
Repayments of long-term debt (0.4) (1.3) (408.6)
Payments for debt issuance costs     (2.5)
Payments of contingent consideration for acquisitions (1.9) (22.8) (18.6)
Proceeds from share-based awards and sale of subsidiaries 7.4 7.5 5.2
Payments to noncontrolling interests (0.8) (2.1) (1.9)
Other share-based award transactions (7.6) (7.2) (17.3)
Repurchases of common stock (264.7) (203.0) (500.7)
Dividends paid (129.1) (129.3) (127.3)
Cash used in financing activities (435.2) (337.4) (484.9)
Effect of exchange rate changes on cash 82.5 (26.9) (40.4)
Change in cash and cash equivalents 541.3 433.9 (97.1)
Cash and cash equivalents, beginning of year 1,025.8 591.9 689.0
Cash and cash equivalents, end of year 1,567.1 1,025.8 591.9
Cash paid during the period for:      
Interest 40.8 42.4 49.9
Income taxes, net 149.8 179.2 $ 184.6
Operating lease liabilities 142.0 150.1  
Non-cash operating activity:      
Right-of-use assets obtained in exchange for new operating lease liabilities $ 63.6 $ 129.3