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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows from Operating Activities    
Net income $ 276.9 $ 227.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 112.8 74.7
Deferred income taxes 22.2 4.2
Stock-based compensation 13.4 11.9
Loss on extinguishment of debt 0.0 10.1
Changes in assets and liabilities, excluding effects of acquisitions:    
Increase in accounts receivable, net (133.9) (73.0)
Decrease (increase) in inventories, net 17.8 (79.2)
Increase in accounts payable 48.1 50.7
Increase (decrease) in current liabilities (10.2) 14.9
Changes in other assets and liabilities, net (3.4) (12.3)
Contribution to qualified defined benefit pension plans (11.4) (1.3)
Other, net 6.9 0.4
Net cash provided by operating activities 339.2 228.6
Cash Flows from Investing Activities    
Capital expenditures (70.7) (53.2)
Acquisition of businesses, net of cash acquired (1,118.0) (110.3)
Purchases of available-for-sale investments (16.6) (15.1)
Proceeds from available-for-sale investments 17.5 14.1
Other, net 2.3 2.9
Net cash used in investing activities (1,185.5) (161.6)
Cash Flows from Financing Activities    
Long-term debt borrowings, net 835.0 (2.4)
Short-term debt borrowings, net 37.0 90.7
Payment of dividends (126.5) (115.5)
Payment of dividends to noncontrolling interest (3.8) (3.5)
Repurchase of common shares (20.0) (92.6)
Make whole payment for retirement of long term debt 0.0 (9.9)
Debt issuance costs (7.6) (3.0)
Other, net (9.4) (3.7)
Net cash (used) provided by financing activities 704.7 (139.9)
Effect of foreign currency exchange rate changes on cash and cash equivalents (4.6) 21.7
Decrease in cash and cash equivalents (146.2) (51.2)
Cash and cash equivalents    
Beginning of period 375.0 437.6
End of period $ 228.8 $ 386.4