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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Activities    
Net income $ 197.0 $ 98.8
Adjustments to reconcile net income to cash provided by operations:    
Depreciation and amortization 233.7 165.1
Stock-based compensation expense 5.7 23.9
Below market intangible amortization (55.4) (9.4)
Changes in operating assets and liabilities, net of acquisitions    
Accounts receivable and unbilled accounts receivable 246.1 (35.7)
Inventories (30.3) 147.4
Accounts payable (148.5) (71.9)
Accrued income taxes 5.1 21.4
Accrued liabilities and customer deposits (99.3) 24.2
Other assets and liabilities (125.5) 80.0
Net cash provided by operating activities 228.6 443.8
Investing Activities    
Purchase of property, plant and equipment (67.6) (61.9)
Proceeds from disposal of property, plant and equipment 9.7 3.1
Acquisitions of businesses, net of cash acquired (40.3) (2,981.6)
Net cash used for investing activities (98.2) (3,040.4)
Financing Activities    
Proceeds from debt 2,093.0 2,325.9
Payments of debt (2,059.3) (1,552.1)
Repurchase of stock (105.3) 0.0
Cash dividends (46.4) (34.3)
Payment of contingent consideration on acquisitions 0.0 (10.1)
Other financing activities (5.5) (3.3)
Net cash (used for) provided by financing activities (123.5) 726.1
Effect of changes in currency exchange rates (23.2) (10.6)
Decrease in cash (16.3) (1,881.1)
Cash, cash equivalents, and restricted cash, beginning of period 604.2 2,342.4
Cash and cash equivalents, end of period $ 587.9 $ 461.3