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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net earnings from continuing operations $ 1,368.4 $ 985.6 $ 805.3
Adjustments to reconcile net earnings from continuing operations to cash flows from operating activities:      
Depreciation and amortization of property, plant and equipment 35.4 37.3 44.0
Amortization of intangible assets 719.8 612.8 571.9
Amortization of deferred financing costs 9.9 11.8 13.5
Non-cash stock compensation 123.5 118.5 123.0
Equity investments activity, net (165.4) 0.0 0.0
Impairment of intangible assets 0.0 0.0 94.4
Gain on disposal of assets, net of associated income tax 0.0 0.0 (21.6)
Income tax provision, excluding tax associated with gain on disposal of assets 374.7 296.4 221.1
Changes in operating assets and liabilities, net of acquired businesses:      
Accounts receivable (50.2) 2.5 (73.7)
Unbilled receivables (7.5) (11.1) (16.4)
Inventories (6.6) (43.1) (0.3)
Accounts payable 18.2 21.3 16.0
Other accrued liabilities (1.0) (7.6) 27.0
Deferred revenue 93.9 52.9 162.2
Cash taxes paid for gain on disposal of businesses (32.5) (953.8) 0.0
Cash income taxes paid, excluding tax associated with gain on disposal of businesses and assets (423.4) (498.9) (273.9)
Other, net (19.8) (18.0) (36.7)
Cash provided by operating activities from continuing operations 2,037.4 606.6 1,655.8
Cash provided by (used in) operating activities from discontinued operations (2.3) 128.0 356.1
Cash provided by operating activities 2,035.1 734.6 2,011.9
Cash flows from (used in) investing activities:      
Acquisitions of businesses, net of cash acquired (2,052.7) (4,280.1) (217.0)
Capital expenditures (68.0) (40.1) (28.5)
Capitalized software expenditures (40.0) (30.2) (29.7)
Distributions from equity investment 32.5 0.0 0.0
Proceeds from sale of assets 0.0 0.0 27.1
Other, net (0.1) (1.4) (1.1)
Cash used in investing activities from continuing operations (2,128.3) (4,351.8) (249.2)
Proceeds from disposition of discontinued operations 2.0 5,561.8 115.6
Cash used in investing activities from discontinued operations 0.0 (0.5) (9.3)
Cash provided by (used in) investing activities (2,126.3) 1,209.5 (142.9)
Cash flows from (used in) financing activities:      
Payments of senior notes (700.0) (800.0) (500.0)
Borrowings (payments) under revolving line of credit, net 360.0 (470.0) (1,150.0)
Debt issuance costs 0.0 (3.9) 0.0
Cash dividends to stockholders (290.2) (262.3) (236.4)
Treasury stock sales 15.5 14.3 15.1
Proceeds from stock-based compensation, net 115.2 68.2 64.3
Other, net 0.0 (0.2) (0.1)
Cash used in financing activities from continuing operations (499.5) (1,453.9) (1,807.1)
Cash used in financing activities from discontinued operations 0.0 (11.4) (6.4)
Cash used in financing activities (499.5) (1,465.3) (1,813.5)
Effect of exchange rate changes on cash 12.2 (37.5) (12.3)
Net increase (decrease) in cash and cash equivalents (578.5) 441.3 43.2
Cash and cash equivalents, beginning of year 792.8 351.5 308.3
Cash and cash equivalents, end of year 214.3 792.8 351.5
Cash paid for:      
Interest 201.9 206.5 222.2
Net assets of businesses acquired:      
Fair value of assets, including goodwill 2,235.1 4,891.8 249.8
Liabilities assumed (182.4) (611.7) (32.8)
Cash paid, net of cash acquired $ 2,052.7 $ 4,280.1 $ 217.0