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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 357.0 $ 349.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 216.6 129.3
Equity-based compensation expense 14.4 24.9
Deferred income taxes 7.3 (22.5)
Provision for credit losses 27.1 1.9
Other 6.8 4.5
Changes in assets and liabilities:    
Accounts receivable (80.4) (230.1)
Merchandise inventory (89.3) (197.3)
Other assets 19.3 (109.6)
Accounts payable-trade (2.1) 414.9
Other liabilities 39.1 49.0
Net cash provided by operating activities 515.8 414.5
Cash flows used in investing activities:    
Capital expenditures (100.0) (43.9)
Acquisition of business, net of cash acquired 0.0 (75.0)
Net cash used in investing activities (100.0) (118.9)
Cash flows from financing activities:    
Proceeds from borrowings under revolving credit facility 1,024.0 891.0
Repayments of borrowings under revolving credit facility (1,025.0) (815.0)
Proceeds from issuance of long-term debt 600.0 0.0
Net change in accounts payable-inventory financing 52.3 36.3
Repurchases of common stock (140.8) (332.2)
Payment of incentive compensation plan withholding taxes (21.9) (11.6)
Dividend payments (108.3) (86.3)
Other 14.0 12.6
Net cash provided by (used in) financing activities 394.3 (305.2)
Effect of exchange rate changes on cash and cash equivalents (5.7) (1.7)
Net increase (decrease) in cash and cash equivalents 804.4 (11.3)
Cash and cash equivalents—beginning of period 154.0 205.8
Cash and cash equivalents—end of period 958.4 194.5
Supplementary disclosure of cash flow information:    
Interest paid (67.2) (76.0)
Taxes paid, net $ (21.5) $ (115.2)