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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating Activities    
Net income $ 189.5 $ 256.9
Adjustments to reconcile net income to cash provided by operations:    
Depreciation and amortization 289.3 83.0
Stock-based compensation expense 36.1 20.5
Below market intangible amortization (29.9) 0.0
Loss on disposal of property, plant and equipment 12.6 4.0
Changes in operating assets and liabilities, net of acquisitions    
Accounts receivable and unbilled accounts receivable (32.3) (100.2)
Inventories 58.7 (125.5)
Accounts payable (146.5) 4.2
Accrued income taxes 14.5 (43.8)
Accrued liabilities and customer deposits 18.8 16.4
Other assets and liabilities 156.9 (77.5)
Net cash provided by operating activities 567.7 38.0
Investing Activities    
Purchase of property, plant and equipment (112.6) (64.2)
Proceeds from disposal of property, plant and equipment 3.4 9.1
Acquisitions of businesses, net of cash acquired (3,000.6) (49.1)
Net cash used for investing activities (3,109.8) (104.2)
Financing Activities    
Proceeds from debt 2,955.5 3,490.2
Payments of debt (2,064.6) (1,466.6)
Proceeds from exercise of stock options and other benefit plans 0.7 13.1
Payment of income tax withholding on share-based compensation (6.2) (6.7)
Payment of contingent consideration on acquisitions (10.1) 0.0
Cash dividends (58.2) (34.7)
Net cash provided by financing activities 817.1 1,995.3
Effect of changes in currency exchange rates (29.9) (27.1)
(Decrease) increase in cash (1,754.9) 1,902.0
Cash, cash equivalents, and restricted cash, beginning of period 2,342.3 233.4
Cash, cash equivalents, and restricted cash, end of period $ 587.4 $ 2,135.4