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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities:    
Net income $ 268.2 $ 62.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 56.9 57.0
Impairment of long-lived assets   97.7
Provision for credit losses 4.5 3.8
Deferred income tax benefit (0.1) (33.5)
Stock-based compensation expense 14.7 8.9
Other 0.4 9.7
Changes in operating assets and liabilities (excluding effect of businesses acquired):    
Accounts receivable (346.2) (155.8)
Inventories (50.4) 12.4
Prepaid expenses and other assets (4.1) 68.3
Accounts payable and other liabilities 217.9 39.4
Net cash provided by operating activities 161.8 170.8
Investing activities:    
Purchases of property, plant and equipment (43.7) (55.5)
Proceeds from sales of property, plant and equipment 20.6 0.8
Other (4.6) (0.3)
Net cash used in investing activities (27.7) (55.0)
Financing activities:    
Net short-term debt repayments (0.8)  
Proceeds from long-term debt borrowings   667.0
Principal payments on long-term debt   (419.0)
Dividends and dividend equivalents paid (44.8) (41.9)
Share repurchases   (300.0)
Noncontrolling interest purchased   (8.0)
Other (10.8) (5.5)
Net cash used in financing activities (56.4) (107.4)
Effect of exchange rate changes on cash and cash equivalents (0.9) (10.6)
Increase (decrease) in cash and cash equivalents 76.8 (2.2)
Cash and cash equivalents at beginning of year 683.5 174.3
Cash and cash equivalents at end of period 760.3 172.1
Supplemental cash flow information:    
Interest paid during the period 9.5 6.0
Income taxes paid during the period, net $ 6.9 $ 5.2