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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 773.3 $ 550.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 140.0 349.0
Equity-based compensation expense 53.3 26.0
Deferred income taxes (6.7) (2.5)
Provision for credit losses (7.3) 30.4
Other (33.4) 38.4
Changes in assets and liabilities:    
Accounts receivable (323.5) (304.9)
Merchandise inventory (87.5) (34.2)
Other assets (92.6) (10.3)
Accounts payable-trade 179.7 106.8
Other liabilities 41.4 (10.5)
Net cash provided by operating activities 636.7 738.4
Cash flows from investing activities:    
Capital expenditures (66.2) (133.6)
Acquisitions of businesses, net of cash acquired (339.7) (38.5)
Proceeds from the sale of equity method investment 36.0 0.0
Net cash used in investing activities (369.9) (172.1)
Cash flows from financing activities:    
Proceeds from borrowings under revolving credit facility 548.3 1,024.0
Repayments of borrowings under revolving credit facility (379.6) (1,075.0)
Proceeds from issuance of long-term debt 0.0 1,300.0
Payments to extinguish long-term debt (56.5) (622.5)
Net change in accounts payable-inventory financing (183.7) 232.5
Financing payments for revenue generating assets (46.1) 0.0
Repurchases of common stock (1,185.3) (140.8)
Proceeds from stock option exercises 60.7 26.9
Payment of incentive compensation plan withholding taxes (28.4) (22.1)
Dividend payments (167.1) (162.4)
Other 5.9 (28.9)
Net cash (used in) provided by financing activities (1,431.8) 531.7
Effect of exchange rate changes on cash and cash equivalents (0.1) (2.5)
Net (decrease) increase in cash and cash equivalents (1,165.1) 1,095.5
Cash and cash equivalents—beginning of period 1,410.2 154.0
Cash and cash equivalents—end of period 245.1 1,249.5
Supplementary disclosure of cash flow information:    
Interest paid (85.1) (90.5)
Income taxes paid, net $ (264.4) $ (196.4)