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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities:      
Net income $ 372.4 $ 706.1 $ 641.8
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization expense 227.3 219.3 215.2
Impairment of long-lived assets 108.0 1.2 37.0
Provision for credit losses 5.8 3.4 7.4
Deferred income tax (benefit) provision (13.7) 32.5 (9.1)
Gain on sales of property, plant and equipment (2.6) (1.0) (18.8)
Stock-based compensation expense 42.2 51.2 45.5
Postretirement benefit plan settlement expense 19.4    
Other 13.9 9.5 12.3
Changes in operating assets and liabilities (excluding effect of businesses acquired):      
Accounts receivable 136.8 178.1 (153.3)
Inventories 227.5 211.8 (88.8)
Prepaid expenses and other assets 79.4 31.9 (14.0)
Accounts payable and other liabilities (43.4) (142.5) (10.6)
Net cash provided by operating activities 1,173.0 1,301.5 664.6
Investing activities:      
Purchases of property, plant and equipment (172.0) (242.2) (239.9)
Acquisitions, net of cash acquired (6.9) (177.8) (77.6)
Proceeds from sales of property, plant and equipment 6.7 8.0 29.2
Other (16.2) (7.1) 7.3
Net cash used in investing activities (188.4) (419.1) (281.0)
Financing activities:      
Net short-term debt borrowings (repayments) 0.7 (0.3) (48.4)
Proceeds from long-term debt borrowings 1,673.5 971.0 1,518.7
Principal payments on long-term debt (1,615.4) (1,588.6) (1,192.2)
Debt issuance costs (6.4)    
Dividends and dividend equivalents paid (164.1) (151.3) (145.3)
Share repurchases (337.3) (50.0) (484.9)
Noncontrolling interest purchased (8.0) (0.4) (29.0)
Other (26.0) (21.0) (22.8)
Net cash used in financing activities (483.0) (840.6) (403.9)
Effect of exchange rate changes on cash and cash equivalents 7.6 4.3 (5.9)
Increase (decrease) in cash and cash equivalents 509.2 46.1 (26.2)
Cash and cash equivalents at beginning of year 174.3 128.2 154.4
Cash and cash equivalents at end of year 683.5 174.3 128.2
Supplemental cash flow information:      
Interest paid during the year 52.6 83.0 84.0
Income taxes paid during the year, net $ 87.5 $ 214.3 228.5
Non-cash investing and financing activities:      
Debt assumed in connection with acquisitions     $ 25.9