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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flow From Operating Activities      
Net Income $ 615.9 $ 568.6 $ 743.4
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation expense 63.8 64.4 60.9
Amortization expense 112.6 76.7 64.5
Deferred income taxes 5.6 11.1 (237.6)
Equity in net earnings of affiliates (6.6) (9.2) (10.8)
Distributions from unconsolidated affiliates 5.3 10.1 10.1
Non-cash compensation expense 20.8 23.3 18.1
Non-cash pension settlement charge 0.0 0.0 31.7
Asset impairment charge and other asset write-offs 13.8 3.6 2.1
Other 0.1 1.0 (1.7)
Change in assets and liabilities:      
Accounts receivable (9.2) (3.4) (9.7)
Inventories (33.8) (55.1) (25.2)
Other current assets 4.9 18.9 10.2
Accounts payable and accrued expenses 72.8 54.9 30.3
Income taxes payable 3.4 (6.1) (11.2)
Change in fair value of business acquisition liabilities 1.3 0.0 0.0
Other operating assets and liabilities, net (6.2) 4.8 6.4
Net Cash Provided By Operating Activities 864.5 763.6 681.5
Cash Flow From Investing Activities      
Additions to property, plant and equipment (73.7) (60.4) (45.0)
Acquisitions (475.0) (49.8) (1,260.0)
Other (4.8) (1.9) 1.6
Net Cash Used In Investing Activities (553.5) (112.1) (1,303.4)
Cash Flow From Financing Activities      
Long-term debt borrowings 300.0 0.0 1,621.3
Long-term debt (repayments) (600.0) (0.0) (200.0)
Short-term debt (repayments), net of borrowings 251.0 (268.8) (155.8)
Proceeds from stock options exercised 52.8 76.6 42.1
Payment of cash dividends (224.1) (213.3) (190.4)
Purchase of treasury stock (250.0) (200.0) (400.0)
Deferred financing and other (2.6) (3.5) (18.3)
Net Cash (Used In) Provided By Financing Activities (472.9) (609.0) 698.9
Effect of exchange rate changes on cash and cash equivalents 0.9 (4.7) 14.1
Net Change In Cash and Cash Equivalents (161.0) 37.8 91.1
Cash and Cash Equivalents at Beginning of Period 316.7 278.9 187.8
Cash and Cash Equivalents at End of Period 155.7 316.7 278.9
Cash paid during the year for:      
Interest (net of amounts capitalized) 70.6 74.9 33.3
Income taxes 134.8 116.8 198.1
Supplemental disclosure of non-cash investing activities:      
Property, plant and equipment expenditures included in Accounts Payable $ 10.4 $ 6.9 $ 7.7