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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES FROM CONTINUING OPERATIONS:    
Net income before non-controlling interests $ 204.8 $ 143.3
(Income) loss from discontinued operations, net of tax (1.3) 0.8
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:    
Depreciation and amortization 72.5 66.7
Amortization of stock-based compensation 86.6 20.0
Amortization of deferred financing costs 2.6 1.7
Bad debt expense 32.8 7.3
Deferred income taxes (23.4) 0.5
Dividends received from unconsolidated affiliates 15.8 12.8
Equity income in earnings of unconsolidated affiliates (9.6) (10.4)
Loss on extinguishment of debt 0.9 0.0
Foreign currency adjustments and other 0.4 (5.5)
Changes in operating assets and liabilities, net of effect of business acquisitions 115.8 (35.5)
Net cash provided by operating activities from continuing operations 497.9 201.7
CASH FLOWS FROM INVESTING ACTIVITIES FROM CONTINUING OPERATIONS:    
Purchases of property, plant and equipment (73.6) (61.9)
Acquisitions, net of cash acquired (37.9) (17.1)
Other 0.1 15.0
Net cash used in investing activities from continuing operations (111.4) (64.0)
CASH FLOWS FROM FINANCING ACTIVITIES FROM CONTINUING OPERATIONS:    
Proceeds from borrowings under long-term debt obligations 1,073.9 602.5
Repayments of borrowings under long-term debt obligations (1,094.9) (678.5)
Proceeds from exercise of stock options 2.4 12.8
Treasury stock repurchased (199.6) (55.5)
Payments of deferred financing costs (1.4) (0.1)
Repayments of finance lease obligations and other (8.9) (6.0)
Net cash used in financing activities from continuing operations (228.5) (124.8)
Net cash provided by continuing operations 158.0 12.9
CASH PROVIDED BY (USED IN) DISCONTINUED OPERATIONS    
Operating cash flows 1.5 (1.7)
Investing cash flows 0.0 0.0
Financing cash flows 0.0 0.0
Net cash provided by (used in) discontinued operations 1.5 (1.7)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 4.8 (4.1)
Increase in cash and cash equivalents 164.3 7.1
CASH AND CASH EQUIVALENTS, beginning of period 64.9 45.8
CASH AND CASH EQUIVALENTS, end of period 229.2 52.9
Cash paid during the period for:    
Interest 46.1 53.5
Income taxes, net of refunds $ 47.0 $ 40.0