XML 15 R8.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities:    
Net income $ 513.2 $ 528.3
Depreciation and amortization 165.8 146.4
Intangible asset impairments 5.7 51.6
Stock-based incentive compensation 29.5 29.4
Deferred income taxes 55.0 9.8
Other non-cash adjustments (2.2) 12.9
Changes in operating assets and liabilities (583.7) (1,019.1)
Net cash provided by (used in) operating activities 183.3 (240.7)
Investing activities:    
Additions to property, plant and equipment (105.6) (193.5)
Additions to equipment held for rental (32.3) (6.1)
Acquisition of businesses, net of cash acquired (0.9) (120.8)
Proceeds from sale of business 0.0 7.0
Other investing activities 2.5 3.8
Net cash used in investing activities (136.3) (309.6)
Financing activities:    
Proceeds from revolving credit facilities 3,136.5 3,588.0
Repayments of revolving credit facilities (3,391.5) (2,828.5)
Proceeds from issuance of debt 500.0 1.7
Dividends paid (98.3) (90.1)
Repurchases of Common Stock (159.3) (65.6)
Other financing activities (39.0) (19.8)
Net cash provided by (used in) financing activities (51.6) 585.7
Effect of exchange rate changes on cash and cash equivalents 11.5 0.1
Increase in cash and cash equivalents 6.9 35.5
Cash and cash equivalents at beginning of period 204.9 125.4
Cash and cash equivalents at end of period 211.8 160.9
Supplemental disclosures:    
Cash paid for interest 74.9 80.0
Cash paid for income taxes, net of refunds 151.8 364.9
Operating right-of-use assets obtained 30.8 29.6
Finance right-of-use assets obtained 30.0 16.1
Property, plant and equipment additions - noncash $ 10.6 $ 15.5