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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income $ 338.5 $ 165.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 55.7 50.1
Amortization 2.2 2.1
Stock-based compensation 16.2 17.7
Pension settlement charge 0.7 2.3
Contingent consideration payments in excess of acquisition-date liability (0.8) (0.3)
Other non-cash items, net (10.9) (4.9)
Changes in assets and liabilities (168.5) (27.3)
Net cash provided by operating activities 233.1 205.2
Cash flows from investing activities:    
Capital expenditures (111.6) (69.2)
Purchase of intangibles 0.0 (3.8)
Other, net 1.2 0.2
Net cash used in investing activities (110.4) (72.8)
Cash flows from financing activities:    
Repayments of long-term debt (1.1) (1.1)
Dividend payments (25.2) (23.6)
Proceeds from stock-based compensation awards 17.8 18.4
Employee stock purchase plan contributions 3.9 2.9
Shares purchased under share repurchase programs (137.1) (115.5)
Shares repurchased for employee tax withholdings (14.4) (2.3)
Net cash used in financing activities (156.1) (121.2)
Effect of exchange rates on cash (5.9) (4.4)
Net (decrease) increase in cash and cash equivalents (39.3) 6.8
Cash, including cash equivalents at beginning of period 615.5 439.1
Cash, including cash equivalents at end of period $ 576.2 $ 445.9