v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities:    
Net income $ 363.7 $ 293.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 101.8 96.7
Stock-based compensation expense 35.2 18.6
Hosting Arrangement, Service Contract, Implementation Cost, Capitalized, Amortization Expense 22.6 11.1
Amortization of Debt Issuance Costs and Discounts 7.4 6.6
Other operating activities, net 11.4 1.2
Changes in assets and liabilities    
Increase (Decrease) in Accounts Receivable 641.0 431.2
Increase (Decrease) in Accounts and Other Receivables 85.4 12.8
Inventories, net (432.4) (403.1)
Increase (Decrease) in Other Operating Assets (192.5) (24.4)
Accounts payable 726.0 574.7
Accrued payroll and benefit costs (19.2) (38.0)
Other current and noncurrent liabilities 192.3 21.9
Net cash provided by operating activities 275.1 135.8
Investing Activities:    
Capital expenditures (51.6) (42.2)
Cash paid for acquisition 0.0 (36.0)
Other investing activities 3.6 1.3
Net cash used in investing activities (48.0) (76.9)
Financing Activities:    
Proceeds from issuance of long-term debt 5,328.3 3,589.0
Repayments of Other Long-term Debt 5,172.9 2,989.4
Payments of Debt Issuance Costs (19.1) (14.0)
Payments for Repurchase of Common Stock (48.1) (18.4)
Payments for Repurchase of Common Stock (39.9) (50.0)
Payments of Ordinary Dividends, Common Stock (48.8) (44.2)
Payments of Ordinary Dividends, Preferred Stock and Preference Stock 0.0 27.3
Other financing activities, net (18.0) (19.1)
Net cash used in financing activities (21.9) (108.3)
Proceeds from (Repayments of) Short-term Debt (3.4) 5.4
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation (1.1) 13.8
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total 204.1 (35.6)
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation 808.9 667.0
Supplemental Cash Flow Information [Abstract]    
Interest Paid, Excluding Capitalized Interest, Operating Activity 172.3 161.9
Income Tax Paid, before Refund Received 154.6 143.1
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 139.6 203.0
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability 25.8 14.9
Payments for Repurchase of Preferred Stock and Preference Stock 0.0 (540.3)
Deferred Income Tax Expense (Benefit) $ 14.4 $ (4.2)