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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES FROM CONTINUING OPERATIONS:    
Net income before non-controlling interest $ 293.0 $ 355.3
Loss from discontinued operations, net of tax 0.0 0.8
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:    
Depreciation and amortization 99.6 93.3
Amortization of stock-based compensation 35.9 39.1
Amortization of deferred financing costs 2.9 2.9
Bad debt expense 7.1 5.2
Deferred income taxes 0.5 (9.9)
Dividends received from unconsolidated affiliates 18.1 20.8
Equity income in earnings of unconsolidated affiliates (13.4) (14.4)
Foreign currency adjustments and other (1.9) (1.6)
Changes in operating assets and liabilities 37.4 (208.0)
Net cash provided by operating activities from continuing operations 479.2 283.5
CASH FLOWS FROM INVESTING ACTIVITIES FROM CONTINUING OPERATIONS:    
Purchases of property, plant and equipment (153.3) (216.0)
Other 0.5 (8.8)
Net cash used in investing activities from continuing operations (152.8) (224.8)
CASH FLOWS FROM FINANCING ACTIVITIES FROM CONTINUING OPERATIONS:    
Proceeds from borrowings under long-term debt obligations 1,491.5 1,904.3
Repayments of borrowings under long-term debt obligations (1,689.9) (1,435.5)
Proceeds from exercise of stock options 2.8 0.3
Treasury stock repurchased (36.0) (637.2)
Dividends paid (58.8) (53.4)
Repayments of finance lease obligations and other (12.8) (12.6)
Net cash used in financing activities from continuing operations (303.2) (234.1)
Net cash provided by (used in) continuing operations 23.2 (175.4)
Net operating cash flows used in discontinued operations 0.0 (0.8)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (1.0) (30.4)
Increase (decrease) in cash and cash equivalents 22.2 (206.6)
CASH AND CASH EQUIVALENTS, beginning of period 69.4 300.7
CASH AND CASH EQUIVALENTS, end of period 91.6 94.1
Cash paid during the period for:    
Interest 92.2 57.0
Income taxes, net of refunds $ 84.4 $ 105.0