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CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
OPERATING ACTIVITIES    
Net income $ 409.6 $ 321.7
Adjustments to reconcile net income to net operating cash:    
Depreciation 65.4 66.5
Non-cash lease expense 97.5 93.8
Amortization of intangible assets 79.2 78.1
Loss on divestiture of business 111.9 0.0
Loss on extinguishment of debt 0.0 21.3
Amortization of credit facility and debt issuance costs 1.5 1.9
Stock-based compensation expense 13.5 20.1
Provisions for environmental-related matters 2.5 2.2
Defined benefit pension plans net cost 2.3 1.9
Deferred income taxes (26.0) 9.5
Other 5.3 1.1
Change in working capital accounts - net (495.0) (430.1)
Change in operating lease liabilities (98.0) (89.1)
Costs incurred for environmental-related matters (9.4) (7.9)
Other 35.4 (36.1)
Net operating cash 195.7 54.9
INVESTING ACTIVITIES    
Capital expenditures (64.3) (106.6)
Acquisitions of businesses, net of cash acquired (24.9) 0.0
Proceeds from divestiture of business 116.2 0.0
Proceeds from sale of assets 0.9 2.3
(Increase) decrease in other investments (34.3) 6.4
Net investing cash (6.4) (97.9)
FINANCING ACTIVITIES    
Net increase in short-term borrowings 818.0 849.7
Proceeds from long-term debt 0.0 999.0
Payments of long-term debt 0.0 (771.2)
Payments for credit facility and debt issuance costs 0.0 (10.0)
Payments of cash dividends (151.8) (122.9)
Proceeds from stock options exercised 38.4 30.0
Treasury stock purchased (775.4) (890.3)
Proceeds from treasury stock issued 0.0 57.4
Other (24.0) (26.0)
Net financing cash (94.8) 115.7
Effect of exchange rate changes on cash (6.4) 4.0
Net increase in cash and cash equivalents 88.1 76.7
Cash and cash equivalents at beginning of year 226.6 161.8
Cash and cash equivalents at end of period 314.7 238.5
Income taxes paid 25.6 18.3
Interest paid $ 72.4 $ 82.7