XML 136 R116.htm IDEA: XBRL DOCUMENT v3.22.4
Schedule I - Condensed Financial Information of the Registrant - Condensed Statements of Cash Flow (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Net cash provided by/(used in) operating activities $ 581.6 $ 1,045.3 $ 877.5
Cash flows from investing activities      
Purchases of property and equipment (31.9) (37.7) (36.5)
Proceeds from the sale of former corporate headquarters (Note 4)     49.4
Proceeds from the sale of noncontrolling interest in a private company (Note 5)   50.9  
Proceeds from divestitures of businesses, net of cash divested (Note 4) 887.2    
Other investing activities 17.5 3.7 (6.0)
Net cash (used in)/provided by investing activities 525.5 192.0 (373.5)
Cash flows from financing activities      
Net proceeds from/(repayments of) commercial paper (95.0) 195.0 (165.0)
Net proceeds from issuance of borrowings   891.7  
Principal payments on borrowings (300.0) (1,150.0)  
Proceeds from exercise of options 9.5 11.6 2.2
Cash dividends and dividend equivalents paid (Note 14) (364.2) (381.6) (370.3)
Common stock repurchased (369.9) (409.9) (239.7)
Make-whole premium on early extinguishment of debt   (14.3)  
Other financing activities (1.3) 0.2 (0.7)
Net cash used in financing activities (1,177.3) (1,269.5) (185.9)
Net change in cash and cash equivalents, including settlement, and restricted cash (70.2) (32.2) 318.1
Supplemental cash flow information:      
Cash paid for lease liabilities 40.5 46.5 65.9
Non-cash lease liabilities arising from obtaining right-of-use assets (Note 6) 12.4 18.5 38.6
Parent Company | Reportable Legal Entities      
Cash flows from operating activities      
Net cash provided by/(used in) operating activities (108.3) 510.4 (79.0)
Cash flows from investing activities      
Purchases of property and equipment (1.7) (0.5) (1.0)
Proceeds from the sale of former corporate headquarters (Note 4)     43.6
Proceeds from the sale of noncontrolling interest in a private company (Note 5)   50.9  
Purchases of non-settlement investments (400.0)    
Proceeds from the sale of non-settlement investments 300.0    
Proceeds from divestitures of businesses, net of cash divested (Note 4) 887.2    
Distributions received from/(capital contributed to) subsidiaries, net 424.6 6.5 (329.4)
Other investing activities (1.7) 0.5 (2.1)
Net cash (used in)/provided by investing activities 1,211.8 57.4 (288.9)
Cash flows from financing activities      
Advances from subsidiaries, net 15.6 289.5 1,139.5
Net proceeds from/(repayments of) commercial paper (95.0) 195.0 (165.0)
Net proceeds from issuance of borrowings   891.7  
Principal payments on borrowings (300.0) (1,150.0)  
Proceeds from exercise of options 9.5 11.6 2.2
Cash dividends and dividend equivalents paid (Note 14) (364.2) (381.6) (370.3)
Common stock repurchased (369.9) (409.9) (239.7)
Make-whole premium on early extinguishment of debt   (14.3)  
Other financing activities   0.2 (0.7)
Net cash used in financing activities (1,104.0) (567.8) 366.0
Net change in cash and cash equivalents, including settlement, and restricted cash (0.5)   (1.9)
Cash and cash equivalents, including settlement, and restricted cash at beginning of period 2.1 2.1 4.0
Cash and cash equivalents, including settlement, and restricted cash at end of period 1.6 2.1 2.1
Supplemental cash flow information:      
Non-cash financing activity, distribution of note from subsidiary (Note 3) 325.0 556.1 1,364.4
Cash paid for lease liabilities $ 15.3 14.6 20.7
Non-cash lease liabilities arising from obtaining right-of-use assets (Note 6)   $ 0.9 $ 1.5