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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES FROM CONTINUING OPERATIONS:    
Net income before non-controlling interests $ 130.7 $ 59.8
Loss from discontinued operations, net of tax 0.2 1.2
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:    
Depreciation and amortization 26.5 23.2
Amortization of stock-based compensation 15.1 7.3
Amortization of deferred financing costs 0.6 0.7
Bad debt expense 2.5 15.7
Deferred income taxes 7.1 3.0
Dividends received from unconsolidated affiliates 2.5 0.0
Equity (income) loss in earnings of unconsolidated affiliates (6.7) 0.2
Loss on extinguishment of debt 1.5 0.0
Foreign currency adjustments and other 0.1 0.6
Changes in operating assets and liabilities, net of effect of business acquisitions (93.8) (96.7)
Net cash provided by operating activities from continuing operations 86.3 15.0
CASH FLOWS FROM INVESTING ACTIVITIES FROM CONTINUING OPERATIONS:    
Purchases of property, plant and equipment (23.5) (26.2)
Acquisitions, net of cash acquired (1.0) (37.9)
Other 0.1 0.1
Net cash used in investing activities from continuing operations (24.4) (64.0)
CASH FLOWS FROM FINANCING ACTIVITIES FROM CONTINUING OPERATIONS:    
Proceeds from borrowings under long-term debt obligations 1,653.4 611.1
Repayments of borrowings under long-term debt obligations (1,148.6) (231.0)
Proceeds from exercise of stock options 6.6 1.3
Treasury stock repurchased (313.1) (199.3)
Dividends paid (14.3) 0.0
Payments of deferred financing costs (12.7) 0.0
Repayments of finance lease obligations and other (2.4) 6.0
Net cash provided by financing activities from continuing operations 168.9 188.1
Net cash provided by continuing operations 230.8 139.1
Net operating cash flows used in discontinued operations (0.4) (1.1)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (4.9) (5.9)
Increase in cash and cash equivalents 225.5 132.1
CASH AND CASH EQUIVALENTS, beginning of period 65.0 64.9
CASH AND CASH EQUIVALENTS, end of period 290.5 197.0
Cash paid during the period for:    
Interest 8.3 6.4
Income taxes, net of refunds $ 20.2 $ 6.3