11. Supplemental Cash Flow Information

12 Months Ended

Dec. 31, 2020

Supplemental Cash Flow Information [Abstract]

Cash Flow, Supplemental Disclosures [Text Block]

11. SUPPLEMENTAL CASH FLOW INFORMATION

The reconciliation of net income to net cash provided by operating activities is as follows (in millions):


	Year Ended December 31,
	2020		2019		2018
Net income	$	3,806.3	$	1,758.7	$	365.6
Adjustments to reconcile net income
to net cash provided by operating activities
Depreciation and amortization	138.1		134.2		138.1
Reduction in the carrying amount of right-of-use assets	37.1		40.3		—
Share-based compensation	41.6		35.6		27.8
Gains on dispositions of securities	(0.7)		(1.5)		(1.6)
Other-than-temporary impairment losses on investments	4.6		5.8		0.8
Changes in fair market value of equity securities	(4,495.8)		(2,031.0)		(606.2)
Losses on dispositions of fixed assets	1.1		1.2		2.0
Gain on sale of land	—		—		(4.1)
Gain on divestiture of a division	(11.7)		—		(5.1)
Payments for operating lease liabilities	(36.5)		(38.6)		—
Changes in fair value of contingent consideration	(1.0)		(1.6)		(6.2)
(Increase) decrease in accounts receivable, net	(15.0)		1.6		59.7
(Increase) decrease in inventories, net	(52.1)		24.2		(12.9)
(Increase) decrease in other current assets	(8.4)		61.8		(15.3)
Increase (decrease) in accounts payable
and other current liabilities	124.7		10.6		(45.6)
Increase (decrease) in income taxes payable	39.0		(4.2)		(20.9)
Increase in deferred income taxes	978.9		450.2		120.9
(Increase) decrease in other long term assets	(6.4)		(1.7)		1.1
Increase (decrease) in other long term liabilities	26.9		13.4		(10.0)
Impairment losses on goodwill and long-lived assets	—		—		292.5
Other	4.6		(1.1)		4.9
Net cash provided by operating activities	$	575.3	$	457.9	$	285.5

Non-cash investing activities:
Purchased property, plant and equipment	$	1.2	$	8.1	$	5.7
Purchased marketable securities and investments	$	4.6	$	1.4	$	0.8
Sold marketable securities and investments	$	—	$	1.3	$	—