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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities    
Net income $ 134.3 $ 111.0
Reconciliation of net income to cash flows provided by operating activities:    
Depreciation 36.0 31.4
Amortization 25.8 18.9
Non-cash compensation, net of tax benefit (2.4) 7.4
(Gain) loss on sale of property and equipment, net 0.1 (1.9)
Deferred taxes 1.4 1.8
Foreign exchange loss 0.6 0.1
Changes in assets and liabilities, excluding effects of acquisitions and divestitures:    
Receivables (141.7) (135.2)
Inventories (13.6) (30.8)
Prepaid expenses and other assets 7.3 1.4
Accounts payable 41.4 69.2
Accrued expenses and deferred revenues 57.4 (13.3)
Long-term liabilities 2.6 9.0
Other operating activities (0.4) 1.4
Net cash provided by operating activities 148.8 70.4
Investing activities    
Capital expenditures (33.8) (63.9)
Acquisitions, net of cash (577.8)  
Proceeds from sale of property and equipment 0.1 3.7
Proceeds from sale of business   9.7
Net cash used in investing activities (611.5) (50.5)
Financing activities    
Net change in short-term borrowings and revolving credit lines (1.4)  
Repayments of long-term debt (1.5)  
Dividends (33.1) (28.8)
Proceeds from issuance of treasury shares and stock options 31.3 11.6
Repurchases of common stock (32.8)  
Net cash used in financing activities (37.5) (17.2)
Effect of foreign currency exchange rate changes on cash and cash equivalents (1.4) (0.2)
Change in cash and cash equivalents (501.6) 2.5
Cash and cash equivalents    
Beginning of period 730.8 754.5
End of period $ 229.2 $ 757.0