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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 787.1 $ 813.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 221.5 205.8
Equity-based compensation expense 71.1 50.8
Deferred income taxes (3.2) (27.0)
Provision for credit losses 26.5 17.1
Other (0.6) 3.3
Changes in assets and liabilities:    
Accounts receivable (633.0) (320.9)
Merchandise inventory 106.8 (10.5)
Other assets (334.9) (313.9)
Accounts payable-trade 273.8 287.5
Other liabilities 256.3 226.2
Net cash provided by operating activities 771.4 932.0
Cash flows from investing activities:    
Capital expenditures (79.2) (94.0)
Purchases of short-term investments 0.0 (211.1)
Proceeds from short-term investments 211.1 0.0
Acquisitions of businesses, net of cash acquired (5.0) (0.2)
Other (2.2) (0.2)
Net cash provided by (used in) investing activities 124.7 (305.5)
Cash flows from financing activities:    
Proceeds from borrowings under revolving credit facility 1,397.9 0.0
Repayments of borrowings under revolving credit facility (1,397.9) 0.0
Proceeds from issuance of long-term debt 0.0 1,197.8
Repayments of long-term debt (211.1) 0.0
Payments to extinguish long-term debt 0.0 (778.8)
Payments of debt issuance costs 0.0 (10.4)
Proceeds from receivable financing liability 14.0 0.0
Repayments of receivable financing liability (20.2) (29.8)
Net change in accounts payable-inventory financing (24.2) (73.9)
Repurchases of common stock (500.0) (354.0)
Proceeds from stock option exercises 27.0 41.6
Payment of incentive compensation plan withholding taxes (22.0) (32.8)
Dividend payments (246.9) (249.0)
Other 14.7 18.6
Net cash used in financing activities (968.7) (270.7)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 18.0 2.2
Net (decrease) increase in cash, cash equivalents and restricted cash (54.6) 358.0
Cash, cash equivalents, and restricted cash—beginning of period [1] 507.7 588.7
Cash, cash equivalents and restricted cash—end of period [1] 453.1 946.7
Supplementary disclosure of cash flow information:    
Interest paid (173.1) (146.9)
Income taxes paid, net $ (195.6) $ (279.1)
[1] Restricted cash is presented within Prepaid expenses and other on the Consolidated Balance Sheets, as applicable.