v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows From Operating Activities:    
Net Income $ 1,024.2 $ 581.2
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization of right-of-use assets 98.1 68.1
Amortization of intangible assets 235.1 49.6
Share-based compensation 52.9 44.2
Severance and repositioning costs 51.1 88.8
Loss on assets held for sale and dispositions 34.3 0.0
Other, net 6.3 3.1
Use of operating capital (2,434.4) (1,411.7)
Net Cash Provided by (Used In) Operating Activities (932.4) (576.7)
Cash Flows From Investing Activities:    
Capital expenditures (115.1) (71.6)
Acquisition of businesses and interests in affiliates, net of cash acquired (7.1) (0.8)
Proceeds from assets held for sale 168.2 0.0
Other, net 0.0 51.8
Net Cash Provided By (Used in) Investing Activities 46.0 (20.6)
Cash Flows From Financing Activities:    
Proceeds from borrowings 2,384.9 0.0
Repayment of debt (1,400.0) 0.0
Change in short-term debt (0.5) (0.6)
Dividends paid to common shareholders (481.5) (277.4)
Repurchases of common stock (2,988.2) (223.0)
Proceeds from stock plans 25.9 12.9
Acquisition of additional noncontrolling interests (35.0) (5.9)
Dividends paid to noncontrolling interest shareholders (33.5) (34.3)
Payment of contingent purchase price obligations (3.3) (41.5)
Other, net (37.8) (33.1)
Net Cash Provided by (Used In) Financing Activities (2,569.0) (602.9)
Effect of foreign exchange rate changes on cash and cash equivalents (89.5) 161.2
Net Increase (Decrease) in Cash and Cash Equivalents (3,544.9) (1,039.0)
Cash and Cash Equivalents at the Beginning of Period 6,881.1 4,339.4
Cash and Cash Equivalents at the End of Period $ 3,336.2 $ 3,300.4