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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 235.4 $ 224.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 75.1 74.9
Equity-based compensation expense 22.1 20.5
Deferred income taxes (4.3) (14.1)
Provision for credit losses 5.6 8.3
Other 1.0 (1.7)
Changes in assets and liabilities:    
Accounts receivable (170.1) (184.5)
Merchandise inventory (257.6) (112.1)
Other assets (104.0) (84.2)
Accounts payable-trade 341.3 231.5
Other liabilities 130.3 123.7
Net cash provided by operating activities 274.8 287.2
Cash flows from investing activities:    
Capital expenditures (26.4) (26.9)
Acquisitions of businesses, net of cash acquired 0.0 (5.0)
Other (4.5) 0.0
Net cash used in investing activities (30.9) (31.9)
Cash flows from financing activities:    
Proceeds from borrowings under revolving credit facility 651.5 386.6
Repayments of borrowings under revolving credit facility (651.5) (386.6)
Net change in accounts payable-inventory financing 3.0 (11.5)
Repurchases of common stock (201.0) (200.1)
Proceeds from stock option exercises 2.6 5.9
Payment of incentive compensation plan withholding taxes (10.4) (18.6)
Dividend payments (81.1) (82.8)
Other 13.7 13.0
Net cash used in financing activities (273.2) (294.1)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (9.7) 6.7
Net decrease in cash, cash equivalents, and restricted cash (39.0) (32.1)
Cash, cash equivalents, and restricted cash—beginning of period [1] 618.9 507.7
Cash, cash equivalents and restricted cash—end of period [1] 579.9 475.6
Supplementary disclosure of cash flow information:    
Interest paid (51.8) (53.9)
Income taxes paid, net $ (17.3) $ (18.9)
[1] Restricted cash is presented within Prepaid expenses and other on the Consolidated Balance Sheets, as applicable.