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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities:    
Net income $ 539.8 $ 554.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 163.2 161.8
Impairment of long-lived assets 1.2 35.5
Provision for uncollectible accounts 5.2 8.4
Stock-based compensation expense 37.3 33.8
Other 4.9 (4.3)
Changes in operating assets and liabilities (excluding effect of businesses acquired):    
Accounts receivable (14.2) (339.6)
Inventories 147.0 (352.2)
Prepaid expenses and other assets 59.7 9.9
Accounts payable and other liabilities 10.0 125.5
Net cash provided by operating activities 954.1 233.3
Investing activities:    
Purchases of property, plant and equipment (182.8) (152.6)
Acquisitions, net of cash acquired (1.0) (55.6)
Other 11.9 19.2
Net cash used in investing activities (171.9) (189.0)
Financing activities:    
Net short-term debt repayments   (24.6)
Proceeds from long-term debt borrowings 742.0 941.0
Principal payments on long-term debt (1,304.3) (752.5)
Dividends and dividend equivalents paid (113.3) (110.5)
Share repurchases (50.0) (130.1)
Other (13.2) (7.1)
Net cash used in financing activities (738.8) (83.8)
Effect of exchange rate changes on cash and cash equivalents (5.6) (2.8)
Increase (decrease) in cash and cash equivalents 37.8 (42.3)
Cash and cash equivalents at beginning of year 128.2 154.4
Cash and cash equivalents at end of period 166.0 112.1
Supplemental cash flow information:    
Interest paid during the period 57.2 50.6
Income taxes paid during the period, net $ 173.7 171.4
Non-cash investing and financing activities:    
Debt assumed in connection with acquisitions   $ 3.3