v3.26.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:        
Net income $ 219.2 $ 225.5 $ 682.0 $ 711.1
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization of fixed assets 69.5 64.0 205.7 197.4
Amortization of intangible assets 14.4 18.3 43.1 50.4
Amortization of debt issuance costs and original issue discount, net of original issue premium 1.1 0.9 3.0 2.3
Provision for credit losses 7.2 2.5 15.2 13.9
Stock-based compensation expense 14.5 12.1 47.6 41.8
Loss on cost-based investments 16.7 0.0 16.7 0.0
Loss on equity-method investments, net 0.2 0.0 6.7 0.0
Deferred income taxes 3.4 29.9 13.1 10.6
Acquisition-related liability adjustment 0.0 0.0 0.8 (1.6)
Other operating (0.2) 2.9 (0.1) (8.3)
Changes in assets and liabilities, net of effects from acquisitions:        
Accounts receivable (12.4) 173.1 0.4 (6.6)
Prepaid expenses and other assets (3.7) (8.4) (15.4) (5.3)
Operating lease right-of-use assets, net 5.9 6.6 13.5 18.0
Income taxes (2.9) (5.0) (7.0) 55.5
Accounts payable and accrued liabilities (1.5) 54.5 (59.0) (14.6)
Deferred revenues (57.5) (165.3) 73.2 52.8
Operating lease liabilities (6.6) (8.3) (21.6) (20.4)
Other liabilities (0.1) 0.2 5.7 (4.3)
Net cash provided by operating activities 267.2 403.5 1,023.6 1,092.7
Cash flows from investing activities:        
Acquisitions and purchase of additional controlling interest, net of cash acquired of $3.0, $4.6, $3.0, and $4.9, respectively (25.6) (160.4) (25.6) (184.8)
Proceeds (investments) in non-public companies, net 0.6 (4.0) (0.3) (8.5)
Capital expenditures (67.2) (67.4) (199.3) (176.9)
Escrow (funding) release associated with acquisitions 0.0 (2.7) 0.5 (2.7)
Net cash used in investing activities (92.2) (234.5) (224.7) (372.9)
Cash flows from financing activities:        
Proceeds from issuance of long-term debt, net of original discount 0.0 0.0 999.0 698.3
Proceeds from issuance of short-term debt 0.0 1,497.9 0.0 1,497.9
Repayment of short-term debt, inclusive of special mandatory redemption fee 0.0 0.0 (1,515.0) (500.0)
Payment of debt issuance costs 0.0 (19.2) (9.2) (25.4)
Repurchases of common stock (100.1) (100.1) (1,927.1) (400.2)
Payment of excise tax 0.0 0.0 (5.0) (7.6)
Proceeds from stock options exercised 10.9 3.7 27.1 51.3
Net share settlement of taxes from RSAs and PSUs (1.0) (0.5) (15.9) (26.0)
Dividends paid (64.1) (62.6) (195.0) (188.6)
Other financing activities, net (14.9) (13.9) (25.0) (20.1)
Net cash (used in) provided by financing activities (169.2) 1,305.3 (2,416.1) 1,079.6
Effect of exchange rate changes (0.4) 4.9 (4.2) 17.3
Net increase (decrease) in cash and cash equivalents 5.4 1,479.2 (1,621.4) 1,816.7
Cash and cash equivalents, beginning of period 551.4 628.7 2,178.2 291.2
Cash and cash equivalents, end of period 556.8 2,107.9 556.8 2,107.9
Supplemental disclosures:        
Income taxes paid 70.9 51.7 214.5 149.0
Interest paid 75.2 24.9 187.4 84.8
Noncash investing and financing activities:        
Finance lease additions 35.6 2.2 40.3 4.0
Operating lease additions (terminations), net 1.0 2.2 (1.9) 3.8
Deferred tax liability established on date of acquisition 2.4 0.0 2.4 2.5
Fixed assets included in accounts payable and accrued liabilities 0.0 0.1 0.0 0.2
Syndicated Revolving Credit Facility [Member]        
Cash flows from financing activities:        
Proceeds from issuance of debt 0.0 0.0 750.0 0.0
Repayment of debt 0.0 0.0 (750.0) 0.0
Term Loan Facility [Member]        
Cash flows from financing activities:        
Proceeds from issuance of debt 0.0 0.0 500.0 0.0
Repayment of debt $ 0.0 $ 0.0 $ (250.0) $ 0.0