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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities:    
Net income $ 65.3 $ 8.4
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 107.1 108.0
Deferred taxes 2.2 1.9
Net gains from disposal of property, plant and equipment (1.0) (2.5)
Loss (gain) on sale of business 141.0 (13.7)
Changes in operating assets and liabilities:    
Inventories (212.0) (63.4)
Accounts receivable (224.4) (158.0)
Accounts payable 52.2 0.6
Retirement benefits 2.4 (112.9)
Accrued liabilities and other (32.2) (13.2)
Cash used in operating activities (99.4) (244.8)
Investing Activities:    
Purchases of property, plant and equipment (100.5) (104.2)
Proceeds from disposal of property, plant and equipment 1.5 2.9
Proceeds (transaction costs) from sales of businesses, net (2.8) 53.0
Other 0.8 (0.2)
Cash used in investing activities (101.0) (48.5)
Financing Activities:    
Borrowings on long-term debt 0.0 675.7
Payments on long-term debt and finance leases (16.6) (11.0)
Net (payments) borrowings under credit facilities (16.0) 3.6
Debt issuance costs 0.0 (9.3)
Purchase of treasury stock (104.9) 0.0
Sale of noncontrolling interests 0.9 0.0
Dividends paid to noncontrolling interests (16.0) 0.0
Shares repurchased for income tax withholding on share-based compensation and other (5.6) (4.8)
Cash provided by (used in) financing activities (158.2) 654.2
Decrease in cash and cash equivalents    
Increase (decrease) in cash and cash equivalents (358.6) 360.9
Cash and cash equivalents at beginning of period 687.7 645.9
Cash and cash equivalents at end of period $ 329.1 $ 1,006.8