XML 19 R6.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating Activities    
Net income $ 371.7 $ 325.5
Adjustments to reconcile Net income to cash provided by (used for) operating activities:    
Depreciation and amortization 368.6 353.3
Stock-based compensation expense 34.2 17.6
Below market intangible amortization (36.2) (67.9)
Net loss on disposal of property, plant and equipment 7.1 3.0
Changes in operating assets and liabilities, net of acquisitions    
Accounts receivable and unbilled accounts receivable 34.9 245.2
Inventories (32.3) 7.8
Accounts payable 41.1 (203.4)
Accrued income taxes 28.9 17.9
Accrued liabilities and customer deposits (11.0) (76.3)
Other assets and liabilities (47.7) (164.6)
Net cash provided by operating activities 759.3 458.1
Investing Activities    
Purchase of property, plant and equipment (78.5) (98.7)
Proceeds from disposal of assets and businesses 8.3 19.1
Acquisitions of businesses, net of cash acquired (405.1) (40.3)
Net cash used for investing activities (475.3) (119.9)
Financing Activities    
Proceeds from debt 4,328.6 2,936.0
Payments of debt (4,491.3) (3,117.1)
Repurchase of stock (200.3) (105.3)
Cash dividends (68.9) (69.2)
Other financing activities (1.4) (5.2)
Net cash used for financing activities (433.3) (360.8)
Effect of changes in currency exchange rates 7.0 (22.3)
Decrease in cash (142.3) (44.9)
Cash, cash equivalents and restricted cash, beginning of period 598.7 604.2
Cash, cash equivalents and restricted cash, end of period $ 456.4 $ 559.3