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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
OPERATING ACTIVITIES      
Net income $ 554.4 $ 431.3 $ 389.8
Non-cash expense (income):      
Depreciation 121.5 111.3 113.5
Amortization of intangible assets 42.0 41.4 36.1
Non-cash lease expense 37.4 35.9  
Stock-based compensation 47.6 30.5 36.1
Loss (gain) on sale of property, plant and equipment 2.4 (0.4) 1.2
Gain on equity investments (6.6)    
Asset impairment charges 26.1 43.2 62.6
Recognition of actuarial losses 3.2 34.1 3.8
Deferred taxes (14.6) (7.5) 2.8
Amortization of deferred financing costs 4.5 3.4 2.3
Changes in assets and liabilities including effects subsequent to acquisitions      
(Increase) decrease in accounts receivable (85.7) (50.7) 9.8
Increase in inventories (91.8) (38.3) (55.0)
Increase in accounts payable 142.9 8.7 21.0
Increase in other assets (41.1) (10.5) (24.7)
Increase (decrease) in accrued taxes 12.5 (5.3) 9.5
Increase (decrease) in accrued expenses and other liabilities 71.0 10.1 (4.8)
NET CASH PROVIDED BY OPERATING ACTIVITIES 825.7 637.2 604.0
INVESTING ACTIVITIES      
Capital expenditures [1] (150.5) (131.8) (150.1)
Proceeds from the disposition of assets 1.6 4.2 6.1
Cost of acquisitions, net of cash acquired (715.2)   (465.6)
Cost of investments in equity securities (59.4)   (28.7)
Other investing activities, net     4.0
NET CASH USED IN INVESTING ACTIVITIES (923.5) (127.6) (634.3)
FINANCING ACTIVITIES      
(Decrease) increase in short-term debt   (525.0) 525.0
Issuance of long-term debt 1,850.0 1,719.3 2,191.2
Repayment of long-term debt (1,465.0) (1,345.0) (1,890.0)
Proceeds from the exercise of stock options 64.9 17.3 4.9
Employee withholding taxes paid related to stock-based compensation (10.7) (8.7) (14.0)
Deferred acquisition payments   (19.0) (13.1)
Dividends to stockholders (133.3) (123.0) (115.2)
Dividends paid to non-controlling interests (2.5)    
Treasury stock purchases (187.6) (100.0) (694.6)
Other financing activities, net (4.2) (5.6) (1.0)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 111.6 (389.7) (6.8)
Effect of foreign exchange rate changes on cash 16.3 4.3 (15.2)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 30.1 124.2 (52.3)
Cash, cash equivalents and restricted cash at beginning of year [2] 394.9 270.7 323.0
Cash, cash equivalents and restricted cash at end of year [2] 425.0 394.9 270.7
Cash paid during the year for      
Interest 76.2 81.0 63.4
Income taxes paid directly to taxing authorities 175.5 144.5 114.2
Dividends declared but not paid $ 36.1 $ 33.5 $ 30.9
[1] Capital expenditures of $13.6 million, $10.0 million and $16.7 million that have not been paid as of December 31, 2020, 2019 and 2018, respectively, were excluded from the Consolidated Statement of Cash Flows.
[2] Restricted cash of $1.0 million and $4.9 million is included in Other current assets and Other assets, respectively, as of December 31, 2020, $0.9 million and $6.1 million is included in Other current assets and Other assets, respectively, as of December 31, 2019 and $0.9 million and $6.9 million is included in Other current assets and Other assets, respectively, as of December 31, 2018 within our Consolidated Balance Sheet.