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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net income $ 139.8 $ 139.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Gains on sales of assets (0.2) (2.7)
Depreciation 12.8 12.2
Amortization of intangible assets 23.6 15.3
Amortization of debt issuance expenses 0.4 0.4
Share-based compensation expense 12.8 6.6
Deferred income taxes (0.2) 1.0
Changes in (net of the effect from acquisitions and foreign exchange):    
Receivables (0.7) (49.0)
Inventories (23.3) (50.2)
Other current assets (11.1) (12.7)
Trade accounts payable 7.6 28.1
Deferred revenue 10.2 6.4
Accrued expenses (24.9) (16.3)
Other - net 1.1 0.7
Net cash flows provided by operating activities 147.9 79.7
Cash flows from investing activities    
Purchases of property, plant and equipment (26.6) (16.1)
Acquisition of businesses, net of cash acquired 0.0 (114.7)
Proceeds from disposal of fixed assets 0.9 6.5
Purchase of marketable securities (3.2) 0.0
Other - net (0.3) (0.1)
Net cash flows used in investing activities (29.2) (124.4)
Cash flows from financing activities    
Dividends paid (45.5) (41.4)
Proceeds from stock option exercises 4.7 1.4
Repurchases of common stock 0.0 (26.3)
Shares surrendered for tax withholding (4.4) (4.9)
Other - net 0.0 (0.1)
Net cash flows used in financing activities (45.2) (71.3)
Effect of exchange rate changes on cash and cash equivalents 7.0 (6.2)
Net increase (decrease) in cash and cash equivalents 80.5 (122.2)
Cash and cash equivalents at beginning of year 430.2 855.4
Cash and cash equivalents at end of period 510.7 733.2
Cash paid for:    
Interest 4.1 0.4
Income taxes $ 20.7 $ 15.4