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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows provided by operating activities:    
Net income $ 142.8 $ 50.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 52.5 52.7
Amortization of inventory step-up adjustment to fair value   7.6
Amortization of debt issuance costs, original issue discount and soft call premium 1.6 2.9
Stock-based compensation 15.3 34.8
Provision for excess and obsolete inventory 12.9 12.1
Provision (recovery) for doubtful accounts 0.2 (0.7)
Deferred income taxes 3.4 (2.6)
Asset impairment 1.2  
Other 0.3 0.9
Changes in operating assets and liabilities, net of business acquired:    
Trade accounts receivable (41.3) 27.2
Inventories (41.5) (30.8)
Income taxes 8.9 (3.9)
Other current and non-current assets 16.3 (0.9)
Accrued compensation 2.9 (17.8)
Other current and non-current liabilities 21.7 (0.4)
Accounts payable 16.7 (24.7)
Net cash provided by operating activities 213.9 106.6
Cash flows used in investing activities:    
Acquisition of business, net of cash acquired   (988.6)
Purchases of investments (194.5) (117.9)
Maturities of investments 97.3 40.4
Sales of investments 28.7 157.7
Purchases of property, plant and equipment (30.9) (28.2)
Net cash used in investing activities (99.4) (936.6)
Cash flows (used in) provided by financing activities:    
Net proceeds from short and long-term borrowings 16.7 640.9
Payments on short and long-term borrowings (72.0) (53.6)
Net payments related to employee stock awards (20.9) (11.0)
Dividend payments (22.0) (21.7)
Net cash (used in) provided by financing activities (98.2) 554.6
Effect of exchange rate changes on cash and cash equivalents (2.0) (2.0)
Increase (decrease) in cash and cash equivalents 14.3 (277.4)
Cash and cash equivalents at beginning of period 414.6 644.3
Cash and cash equivalents at end of period $ 428.9 $ 366.9