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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flow From Operating Activities      
Net Income (Loss) $ 585.3 $ 755.6 $ 413.9
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation expense 83.2 72.8 67.0
Amortization expense 155.9 152.4 152.0
Deferred income taxes (82.0) (13.8) (117.7)
VMS Trade name and other asset impairments 357.1    
Equity in net earnings of affiliates (9.1) (8.7) (12.3)
Distributions from unconsolidated affiliates 8.9 9.5 8.7
Non-cash compensation expense 59.2 63.6 32.3
Impairment Charge On Assets 12.1 8.9 2.4
Other (6.2) (0.4) (3.2)
Change in assets and liabilities:      
Accounts receivable (81.5) (97.4) (5.3)
Inventories 2.0 38.5 (92.8)
Other current assets (0.5) 10.4 2.5
Accounts payable 98.6 (58.1) 6.9
Accrued expenses (1.1) 113.3 33.0
Income taxes payable (7.1) (1.8) 14.4
Other operating assets and liabilities, net (18.6) (14.2) (27.6)
Net Cash Provided By Operating Activities 1,156.2 1,030.6 885.2
Cash Flow From Investing Activities      
Additions to property, plant and equipment (179.8) (223.5) (178.8)
Acquisitions (19.9) 0.0 (546.8)
Proceeds from Sale of Passport 6.6 0.0 0.0
Other 9.8 (10.8) (3.0)
Net Cash Used In Investing Activities (183.3) (234.3) (728.6)
Cash Flow From Financing Activities      
Long-term debt borrowings 0.0 0.0 998.8
Repayments of long-term debt (204.6) (200.0) (700.0)
Short-term debt (repayments), net of borrowings (3.6) (70.6) (178.9)
Proceeds from stock options exercised 142.9 111.7 26.2
Payment of cash dividends (277.0) (266.5) (255.0)
Purchase of treasury stock 0.0 (300.1) 0.0
Deferred financing and other (1.1) (0.1) (12.0)
Net Cash Used In Financing Activities (343.4) (725.6) (120.9)
Effect of exchange rate changes on cash and cash equivalents (9.9) 3.5 (6.0)
Net Change In Cash and Cash Equivalents 619.6 74.2 29.7
Cash and Cash Equivalents at Beginning of Period 344.5 270.3 240.6
Cash and Cash Equivalents at End of Period 964.1 344.5 270.3
Cash paid during the year for:      
Interest (net of amounts capitalized) 94.4 111.9 86.0
Income taxes 259.6 228.2 213.1
Supplemental disclosure of non-cash investing activities:      
Property, plant and equipment expenditures included in Accounts Payable 10.6 30.7 13.7
VMS Trade Name [Member]      
Adjustments to reconcile net income to net cash provided by operating activities:      
VMS Trade name and other asset impairments 357.1 0.0 0.0
Flawless Trade Name [Member]      
Adjustments to reconcile net income to net cash provided by operating activities:      
VMS Trade name and other asset impairments $ 0.0 $ 0.0 $ 411.0