v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities:    
Net income $ 127.7 $ 143.3
Reconciliation of net income to net cash provided by (used in) operating activities:    
Depreciation 18.8 17.7
Amortization 30.4 30.1
Stock-based compensation 8.5 10.7
Deferred taxes 0.2 (0.5)
Other operating activities, net 6.5 8.6
Changes in assets and liabilities, excluding effects of acquisitions:    
Receivables (98.3) (116.3)
Inventories (34.6) (54.6)
Prepaid expenses and other assets 13.3 7.5
Accounts payable 84.8 50.3
Other current liabilities (194.7) (86.8)
Other long-term liabilities (7.3) (8.2)
Net cash provided by (used in) operating activities (44.7) 1.8
Investing activities:    
Acquisitions, net of cash acquired 0.0 (49.9)
Capital expenditures (28.3) (29.0)
Other investing activities, net 0.3 0.0
Net cash provided by (used in) investing activities (28.0) (78.9)
Financing activities:    
Repurchases of common stock (250.0) (400.0)
Dividends paid (45.7) (45.2)
Proceeds from exercise of stock options 38.9 2.7
Withholding tax paid related to stock-based compensation (9.9) (12.9)
Other financing activities, net (1.3) (1.0)
Net cash provided by (used in) financing activities (268.0) (456.4)
Effect of foreign currency exchange rate changes on cash and cash equivalents (0.1) 0.2
Change in cash and cash equivalents (340.8) (533.3)
Cash and cash equivalents at beginning of period 1,112.1 753.5
Cash and cash equivalents at end of period $ 771.3 $ 220.2