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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net earnings $ 1,767.9 $ 944.4 $ 971.8
Adjustments to reconcile net earnings to cash flows from operating activities:      
Depreciation and amortization of property, plant and equipment 49.2 49.5 49.5
Amortization of intangible assets 366.8 317.5 295.5
Amortization of deferred financing costs 7.3 6.3 7.2
Non-cash stock compensation 104.5 133.8 83.1
Loss on debt extinguishment 0.0 15.9 0.0
Gain on sale of assets 0.0 0.0 (9.4)
Gain on disposal of businesses, net of associated income tax (687.3) 0.0 0.0
Changes in operating assets and liabilities, net of acquired businesses:      
Accounts receivable (46.7) (83.5) (6.7)
Unbilled receivables (12.0) (14.0) (13.5)
Inventories (17.3) (21.8) (15.3)
Accounts payable and accrued liabilities (12.2) 68.8 73.3
Deferred revenue 108.8 86.6 74.9
Income taxes (105.4) (67.6) (257.0)
Cash tax paid for gain on disposal of business (39.4) 0.0 0.0
Other, net (22.4) (5.8) (18.9)
Cash provided by operating activities 1,461.8 1,430.1 1,234.5
Cash flows used in investing activities:      
Acquisitions of businesses, net of cash acquired (2,387.3) (1,275.8) (153.7)
Capital expenditures (52.7) (49.1) (48.8)
Capitalized software expenditures (10.2) (9.5) (10.8)
Proceeds from disposal of businesses 1,156.8 0.0 0.0
Proceeds from sale of assets 0.0 0.0 10.6
Other, net (2.6) (0.7) (6.9)
Cash used in investing activities (1,296.0) (1,335.1) (209.6)
Cash flows from (used in) financing activities:      
Proceeds from senior notes 1,200.0 1,500.0 0.0
Payment of senior notes 0.0 (1,300.0) (400.0)
Borrowings/(payments) under revolving line of credit, net (865.0) (405.0) (660.0)
Debt issuance costs (12.1) (13.9) 0.0
Redemption premium for debt extinguishment 0.0 (15.5) 0.0
Cash dividends to stockholders (191.7) (170.1) (142.8)
Treasury stock sales 6.8 5.4 4.2
Proceeds from stock based compensation, net 34.9 10.6 28.5
Other, net 4.1 0.4 0.1
Cash provided by (used in) financing activities 177.0 (388.1) (1,170.0)
Effect of exchange rate changes on cash 2.5 (13.8) 59.2
Net increase (decrease) in cash and cash equivalents 345.3 (306.9) (85.9)
Cash and cash equivalents, beginning of year 364.4 671.3 757.2
Cash and cash equivalents, end of year 709.7 364.4 671.3
Cash paid for:      
Interest 171.7 169.0 175.0
Income taxes, net of refunds received 370.9 321.6 320.2
Noncash investing activities:      
Fair value of assets, including goodwill 2,472.4 1,505.1 177.3
Liabilities assumed (85.1) (229.3) (23.6)
Cash paid, net of cash acquired $ 2,387.3 $ 1,275.8 $ 153.7