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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
NET INCOME $ 337.0 $ 243.9
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization of right-of-use assets 33.8 34.6
Amortization of intangible assets 25.8 19.3
Amortization of net deferred loss on interest rate swaps 1.4 1.4
Share-based compensation 22.1 20.7
Real estate repositioning costs 0.0 119.2
Other, net (5.0) (10.2)
Use of operating capital (1,033.6) (951.0)
Net Cash Used In Operating Activities (618.5) (522.1)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (23.1) (23.1)
Acquisition of businesses and interests in affiliates, net of cash acquired (801.5) 0.0
Other, net (13.7) (14.5)
Net Cash Used In Investing Activities (838.3) (37.6)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowings 645.9 0.0
Change in short-term debt 0.3 1.0
Dividends paid to common shareholders (138.8) (142.3)
Repurchases of common stock (180.1) (305.1)
Proceeds from stock plans 2.1 26.3
Acquisition of additional noncontrolling interests (10.4) (29.2)
Dividends paid to noncontrolling interest shareholders (13.3) (12.5)
Payment of contingent purchase price obligations (0.5) (9.2)
Other, net (21.8) (8.0)
Net Cash Provided By (Used In) Financing Activities 283.4 (479.0)
Effect of foreign exchange rate changes on cash and cash equivalents (85.8) 18.4
Net Decrease in Cash and Cash Equivalents (1,259.2) (1,020.3)
Cash and Cash Equivalents at the Beginning of Period 4,432.0 4,281.8
Cash and Cash Equivalents at the End of Period $ 3,172.8 $ 3,261.5