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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Operating activities              
Net income $ 132.1 $ 128.6 $ 72.1 $ 72.7 $ 260.7 $ 144.8  
Loss from discontinued operations, net of tax         3.0 1.7  
Adjustments to reconcile net income from continuing operations to net cash provided by (used for) operating activities of continuing operations              
Equity income of unconsolidated subsidiaries         (0.1) (0.3)  
Depreciation         25.5 22.8  
Amortization 6.3   7.0   13.4 14.6  
Deferred income taxes         (4.3) 13.4  
Loss on sale of businesses 0.0   0.1   0.0 0.1  
Share-based compensation 11.0   4.2   16.6 10.4  
Changes in assets and liabilities, net of effects of business acquisitions              
Accounts receivable         (49.8) 103.1  
Inventories         (31.9) (17.7)  
Other current assets         (10.5) (14.5)  
Accounts payable         51.3 (64.2)  
Employee compensation and benefits         9.4 7.5  
Other current liabilities         78.7 44.9  
Other non-current assets and liabilities         (1.0) (0.1)  
Net cash provided by operating activities of continuing operations         361.0 266.5  
Net cash used for operating activities of discontinued operations         (0.2) (0.5)  
Net cash provided by operating activities         360.8 266.0  
Investing activities              
Capital expenditures         (24.3) (30.5)  
Proceeds from sale of property and equipment         3.5 0.1  
Acquisitions, net of cash acquired         (82.8) (28.5)  
Other         2.7 0.0  
Net cash used for investing activities         (100.9) (58.9)  
Financing activities              
Net borrowings of commercial paper and revolving long-term debt         (20.0) (17.1)  
Repayments of long-term debt         (103.8) 0.0  
Shares issued to employees, net of shares withheld         4.0 7.3  
Repurchases of ordinary shares         (50.0) (115.2)  
Dividends paid         (66.7) (63.7)  
Payments upon the maturity of cross currency swaps         (14.7) 0.0  
Net cash used for financing activities         (251.2) (188.7)  
Effect of exchange rate changes on cash and cash equivalents         5.1 (10.3)  
Change in cash and cash equivalents         13.8 8.1  
Cash and cash equivalents, beginning of period   $ 82.1   $ 82.5 82.1 82.5 $ 82.5
Cash and cash equivalents, end of period $ 95.9   $ 90.6   $ 95.9 $ 90.6 $ 82.1