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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities:    
Net income $ 370.2 $ 523.0
Reconciliation of net income to net cash provided by operating activities:    
Depreciation 65.6 64.6
Amortization 85.9 78.6
Lease Expense 20.3 0.0
Stock-based compensation, net of tax benefit 19.2 17.8
Deferred taxes (3.3) (9.0)
Gain on sale of assets 0.3 (6.4)
Gain on sale of discontinued operation, net of tax 0.0 (251.0)
Other operating activities, net 5.3 0.4
Changes in assets and liabilities, excluding effects of acquisitions:    
Receivables (145.6) (207.2)
Inventories (9.1) (61.9)
Prepaid expenses and other assets 8.2 (0.9)
Accounts payable 71.0 12.6
Accrued liabilities and other 12.6 (66.2)
Deferred revenues 13.1 11.8
Other long-term liabilities (24.2) (3.6)
Net cash provided by operating activities 489.5 102.6
Investing activities:    
Acquisitions, net of cash acquired (287.7) (19.5)
Capital expenditures (56.6) (96.1)
Proceeds from sale of discontinued operation 0.0 758.0
Other investing activities, net 2.2 11.4
Net cash provided by (used in) investing activities (342.1) 653.8
Financing activities:    
Repurchases of common stock (232.1) (295.4)
Dividends paid (74.5) (69.7)
Proceeds from exercise of stock options 27.3 22.3
Withholding tax paid related to stock-based compensation (9.7) (9.7)
Other financing activities, net (2.7) 0.0
Net cash used in financing activities (291.7) (352.5)
Effect of foreign currency exchange rate changes on cash and cash equivalents (1.2) (0.4)
Change in cash and cash equivalents (145.5) 403.5
Less: change in cash and cash equivalents of discontinued operations 0.0 1.3
Cash and cash equivalents at beginning of period 803.6 378.3
Cash and cash equivalents at end of period $ 658.1 $ 780.5