XML 17 R6.htm IDEA: XBRL DOCUMENT v3.25.3
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities:    
Net income $ 624.7 $ 772.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 208.9 198.1
Stock-based compensation expense 43.2 43.0
Other (9.1) 5.0
Changes in operating assets and liabilities (excluding effect of businesses acquired):    
Accounts receivable (331.0) (51.9)
Inventories (275.4) (52.3)
Prepaid expenses and other assets 154.4 105.7
Accounts payable and other liabilities 139.6 (63.1)
Net cash provided by operating activities 555.3 956.5
Investing activities:    
Acquisitions, net of cash acquired (2.8) (366.7)
Purchases of property, plant and equipment (255.7) (319.7)
Proceeds from sales of property, plant and equipment 13.8 4.0
Other 12.0 9.0
Net cash used in investing activities (232.7) (673.4)
Financing activities:    
Proceeds from long-term debt borrowings 2,062.0 663.0
Principal payments on long-term debt (1,824.0) (538.0)
Cash dividends and dividend equivalents (191.2) (188.5)
Share repurchases (394.0) (951.3)
Taxes paid related to net share settlement of restricted stock units (11.8) (29.6)
Excise tax on repurchase of common shares (10.0)  
Other (18.2) (4.3)
Net cash used in financing activities (387.2) (1,048.7)
Effect of exchange rate changes on cash and cash equivalents 7.7  
Decrease in cash and cash equivalents (56.9) (765.6)
Cash and cash equivalents, beginning balance 318.1 1,080.2
Cash and cash equivalents, ending balance 261.2 314.6
Supplemental cash flow information:    
Interest paid 37.8 27.7
Income taxes paid, net $ 115.7 $ 197.1