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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating Activities    
Net income $ 239.9 $ 197.0
Adjustments to reconcile net income to cash provided by (used for) operating activities:    
Depreciation and amortization 246.3 233.7
Stock-based compensation expense 24.2 5.7
Below market intangible amortization (19.9) (55.4)
Changes in operating assets and liabilities, net of acquisitions    
Accounts receivable and unbilled accounts receivable (28.8) 246.1
Inventories 7.8 (30.3)
Accounts payable 82.4 (148.5)
Accrued income taxes 18.6 5.1
Accrued liabilities and customer deposits (38.0) (99.3)
Other assets and liabilities (17.1) (125.5)
Net cash provided by operating activities 515.4 228.6
Investing Activities    
Purchase of property, plant and equipment (55.5) (67.6)
Proceeds from disposal of assets and businesses 8.2 9.7
Acquisitions of businesses, net of cash acquired (405.1) (40.3)
Net cash used for investing activities (452.4) (98.2)
Financing Activities    
Proceeds from debt 3,008.4 2,093.0
Payments of debt (3,170.0) (2,059.3)
Repurchase of stock (1.2) (105.3)
Cash dividends (45.9) (46.4)
Other financing activities (3.8) (5.5)
Net cash used for financing activities (212.5) (123.5)
Effect of changes in currency exchange rates 4.3 (23.2)
Decrease in cash (145.2) (16.3)
Cash and cash equivalents, beginning of period 598.7 604.2
Cash and cash equivalents, end of period $ 453.5 $ 587.9