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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities    
Net income $ 114.7 $ 111.2
Adjustments to reconcile net income to cash provided by (used for) operating activities:    
Depreciation and amortization 120.0 115.8
Stock-based compensation expense 8.2 7.3
Below market intangible amortization (12.6) (37.6)
Changes in operating assets and liabilities, net of acquisitions    
Accounts receivable and unbilled accounts receivable 9.3 (22.6)
Inventories (11.2) (23.5)
Accounts payable 47.0 (60.2)
Accrued income taxes 13.4 (4.4)
Accrued liabilities and customer deposits 25.9 (84.7)
Other assets and liabilities (22.5) (83.2)
Net cash provided by (used for) operating activities 292.2 (81.9)
Investing Activities    
Purchase of property, plant and equipment (26.5) (33.3)
Proceeds from disposal of assets and businesses 5.9 6.4
Acquisitions of businesses, net of cash acquired (401.4) (35.7)
Net cash used for investing activities (422.0) (62.6)
Financing Activities    
Proceeds from debt 1,435.0 981.5
Payments of debt (1,398.0) (663.8)
Repurchase of stock (1.2) (105.3)
Cash dividends (23.0) (23.0)
Other financing activities (5.1) (5.9)
Net cash provided by financing activities 7.7 183.5
Effect of changes in currency exchange rates 6.9 (27.3)
(Decrease) increase in cash (115.2) 11.7
Cash and cash equivalents, beginning of period 598.7 604.2
Cash and cash equivalents, end of period $ 483.5 $ 615.9