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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flow From Operating Activities    
Net Income $ 669.4 $ 635.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 51.3 48.4
Amortization expense 113.6 90.5
Change in fair value of business acquisition liabilities (98.0) (71.7)
Deferred income taxes 32.8 28.0
Equity in net earnings of affiliates (7.4) (5.5)
Distributions from unconsolidated affiliates 7.5 5.8
Non-cash compensation expense 20.3 18.7
Gain on sale of assets (0.0) (3.0)
Other 5.8 1.4
Change in assets and liabilities:    
Accounts receivable (12.0) (18.1)
Inventories (59.9) (82.3)
Other current assets 6.1 (4.1)
Accounts payable and accrued expenses (50.8) 140.1
Income taxes payable (10.3) 13.1
Other operating assets and liabilities, net (14.8) 1.2
Net Cash Provided By Operating Activities 653.6 798.2
Cash Flow From Investing Activities    
Additions to property, plant and equipment (64.1) (54.6)
Proceeds from sale of assets 0.0 7.0
Other (5.6) (3.6)
Net Cash Used In Investing Activities (69.7) (51.2)
Cash Flow From Financing Activities    
Long-term debt (repayments) (300.0) (0.0)
Short-term debt (repayments), net of borrowings (71.6) (250.4)
Proceeds from stock options exercised 26.9 89.1
Payment of cash dividends (185.8) (177.7)
Purchase of treasury stock (54.9) (0.0)
Payment of business acquisition liabilities (0.0) (14.5)
Deferred financing and other (0.0) (0.2)
Net Cash Used In Financing Activities (585.4) (353.7)
Effect of exchange rate changes on cash and cash equivalents (1.6) 0.1
Net Change In Cash and Cash Equivalents (3.1) 393.4
Cash and Cash Equivalents at Beginning of Period 183.1 155.7
Cash and Cash Equivalents at End of Period 180.0 549.1
Cash paid during the period for:    
Interest (net of amounts capitalized) 45.4 52.0
Income taxes 175.7 120.0
Supplemental disclosure of non-cash investing activities:    
Property, plant and equipment expenditures included in Accounts Payable $ 11.2 $ 15.4