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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net earnings $ 896.8 $ 687.3
Adjustments to reconcile net earnings to cash flows from operating activities:    
Depreciation and amortization of property, plant and equipment 35.9 37.3
Amortization of intangible assets 263.2 235.6
Amortization of deferred financing costs 5.2 4.6
Non-cash stock compensation 80.4 81.1
Loss on debt extinguishment 0.0 15.9
Gain on disposal of business, net of associated income tax (87.4) 0.0
Changes in operating assets and liabilities, net of acquired businesses:    
Accounts receivable 52.1 (30.1)
Unbilled receivables (26.6) (20.1)
Inventories (25.2) (30.4)
Accounts payable and accrued liabilities (59.2) 17.6
Deferred revenue 26.5 32.4
Income taxes, excluding tax associated with gain on disposal of businesses (104.6) (59.3)
Cash tax paid for gain on disposal of businesses (39.4) 0.0
Other, net (22.1) (5.9)
Cash provided by operating activities 995.6 966.0
Cash flows used in investing activities:    
Acquisitions of businesses, net of cash acquired (2,351.9) (1,188.3)
Capital expenditures (42.2) (34.2)
Capitalized software expenditures (7.7) (7.2)
Proceeds from disposal of business 220.5 0.0
Other, net (2.5) (0.7)
Cash used in investing activities (2,183.8) (1,230.4)
Cash flows from (used in) financing activities:    
Proceeds from senior notes 1,200.0 1,500.0
Payment of senior notes 0.0 (500.0)
Borrowings (payments) under revolving line of credit, net 60.0 (930.0)
Debt issuance costs (12.0) (12.8)
Redemption premium for debt extinguishment 0.0 (15.5)
Cash dividends to stockholders (143.5) (126.7)
Proceeds from stock-based compensation, net 38.8 46.6
Treasury stock sales 5.2 4.1
Other 3.6 (6.5)
Cash provided by (used in) financing activities 1,152.1 (40.8)
Effect of foreign currency exchange rate changes on cash (5.3) (2.7)
Net decrease in cash and cash equivalents (41.4) (307.9)
Cash and cash equivalents, beginning of period 364.4 671.3
Cash and cash equivalents, end of period $ 323.0 $ 363.4