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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 988.6 $ 788.5 $ 736.8
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 191.2 425.6 267.1
Equity-based compensation expense 72.6 42.5 48.5
Deferred income taxes (6.7) (20.2) (87.9)
Provision for credit losses (5.4) 30.9 0.8
Other (24.1) 42.1 28.2
Changes in assets and liabilities:      
Accounts receivable (616.8) (226.4) (244.8)
Merchandise inventory (151.0) (71.4) (153.0)
Other assets (134.8) 18.6 (10.9)
Accounts payable-trade 374.5 253.7 194.1
Other liabilities 96.5 30.4 248.3
Net cash provided by operating activities 784.6 1,314.3 1,027.2
Cash flows used in investing activities:      
Capital expenditures (100.0) (158.0) (236.3)
Acquisitions of businesses, net of cash acquired (2,705.6) (43.0) (95.1)
Proceeds from the sale of equity method investment 36.0 0.0 0.0
Net cash used in investing activities (2,769.6) (201.0) (331.4)
Cash flows from financing activities:      
Proceeds from borrowings under revolving credit facilities 1,619.7 1,024.0 2,445.5
Repayments of borrowings under revolving credit facilities (1,300.5) (1,075.0) (2,394.5)
Proceeds from issuance of long-term debt 3,917.5 1,300.0 600.0
Payments to extinguish long-term debt (1,469.2) (622.5) (539.0)
Payments of debt financing fees (38.1) (16.2) (9.5)
Net change in accounts payable-inventory financing (161.8) 93.0 (1.3)
Financing payments for revenue generating assets (46.1) (18.1) 0.0
Repurchases of common stock (1,500.4) (340.6) (657.2)
Proceeds from stock option exercises 69.9 49.2 34.9
Payment of incentive compensation plan withholding taxes (28.5) (22.5) (21.4)
Dividend payments (234.8) (219.6) (183.4)
Other 5.1 (12.9) (23.9)
Net cash provided by (used in) financing activities 832.8 138.8 (749.8)
Effect of exchange rate changes on cash and cash equivalents 0.1 4.1 2.2
Net (decrease) increase in cash and cash equivalents (1,152.1) 1,256.2 (51.8)
Cash and cash equivalents – beginning of period 1,410.2 154.0 205.8
Cash and cash equivalents – end of period 258.1 1,410.2 154.0
Supplementary disclosure of cash flow information:      
Interest paid (134.3) (139.4) (154.2)
Income taxes paid, net $ (351.0) $ (245.6) $ (272.2)