XML 19 R7.htm IDEA: XBRL DOCUMENT v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities:    
Net income $ 135.6 $ 113.3
Adjustments for items not affecting cash:    
Depreciation and amortization 126.7 114.5
Stock-based compensation expense 15.6 15.6
Amortization of right-of-use assets 41.4 38.7
Other, net 3.4 0.1
Net changes in operating assets and liabilities (98.6) (125.4)
Net cash provided by operating activities 224.1 156.8
Investing activities:    
Property, plant and equipment additions (51.5) (54.3)
Proceeds on disposition of property, plant and equipment 2.4 1.1
Intangible asset additions (27.8) (27.7)
Proceeds from repayments of loans receivable 1.0 1.4
Issuance of loans receivable (2.8) (22.1)
Other, net (0.1) (0.3)
Net cash used in investing activities (78.8) (101.9)
Financing activities:    
Dividends paid (66.5) (62.1)
Proceeds from exercise of stock options 2.5 4.3
Payment of tax withholding related to vesting of share units (22.2) (15.2)
Net increase in short-term debt 144.3 34.5
Repayment of long-term debt (12.8) (1.0)
Repayment of finance lease and equipment financing obligations (8.0) (6.5)
Proceeds from equipment financing obligations 0.5 1.0
Acquisition of VeriTread non-controlling interests (14.2) 0.0
Net cash provided by (used in) financing activities 23.6 (45.0)
Effect of changes in exchange rates on cash, cash equivalents, and restricted cash (4.3) 3.1
Net increase in cash, cash equivalents, and restricted cash 164.6 13.0
Cash, cash equivalents, and restricted cash, beginning of period 694.8 708.8
Cash, cash equivalents, and restricted cash, end of period $ 859.4 $ 721.8