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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 income $ 736.8 $ 643.0 $ 523.1
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 267.1 265.6 260.9
Equity-based compensation expense 48.5 40.7 43.7
Deferred income taxes (87.9) (56.1) (172.7)
Other 29.0 10.9 62.4
Changes in assets and liabilities:      
Accounts receivable (244.8) (365.1) (136.8)
Merchandise inventory (153.0) (46.8) 16.9
Other assets (10.9) 25.2 (117.8)
Accounts payable-trade 194.1 271.2 231.5
Other liabilities 248.3 117.3 66.5
Net cash provided by operating activities 1,027.2 905.9 777.7
Cash flows used in investing activities:      
Capital expenditures (236.3) (86.1) (81.1)
Acquisition of businesses, net of cash acquired (95.1) 0.0  
Net cash used in investing activities (331.4) (86.1) (81.1)
Cash flows used in financing activities:      
Proceeds from borrowings under revolving credit facilities 2,445.5 686.7 1,560.7
Repayments of borrowings under revolving credit facilities (2,394.5) (686.7) (1,560.7)
Repayments of long-term debt (23.5) (21.6) (14.9)
Proceeds from issuance of long-term debt 600.0 0.0 2,083.0
Payments to extinguish long-term debt (539.0) 0.0 (2,121.3)
Net change in accounts payable-inventory financing (1.3) (67.4) (84.0)
Repurchases of common stock (657.2) (522.3) (534.0)
Payment of incentive compensation plan withholding taxes (21.4) (33.9) (49.6)
Dividend payments (183.4) (139.4) (106.9)
Other 25.0 29.8 9.0
Net cash (used in) provided by financing activities (749.8) (754.8) (818.7)
Effect of exchange rate changes on cash and cash equivalents 2.2 (3.4) 2.6
Net (decrease) increase in cash and cash equivalents (51.8) 61.6 (119.5)
Cash and cash equivalents – beginning of period 205.8 144.2 263.7
Cash and cash equivalents – end of period 154.0 205.8 144.2
Supplementary disclosure of cash flow information:      
Interest paid (154.2) (148.8) (148.5)
Taxes paid, net $ (272.2) $ (261.2) $ (275.7)