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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities      
Net income $ 116.6 $ 35.6 $ 139.1
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 43.6 43.5 39.3
Adjustment to fair value of contingent consideration (15.9) 3.4 0.0
Impairment of property, plant and equipment 22.9 0.0 0.0
Impairment of intangible assets 19.1 0.0 0.0
Deferred taxes (10.2) (39.3) 3.6
Profit on disposal of property, plant and equipment (0.2) (0.2) 0.0
Non-cash movements of defined benefit pension plans 2.7 151.9 (3.3)
Stock option compensation 8.1 8.5 8.0
Changes in assets and liabilities, net of effects of acquired and divested companies:      
Trade and other accounts receivable 21.6 4.3 (12.6)
Inventories (6.6) (11.8) 83.0
Prepaid expenses 1.8 (2.8) (4.2)
Accounts payable and accrued liabilities (32.8) (4.5) (26.9)
Plant closure provisions (1.9) 0.9 4.0
Accrued income taxes (21.8) 6.3 (25.9)
Unrecognized tax benefits 0.0 (14.8) 1.4
Other assets and liabilities (8.7) 3.5 1.8
Net cash provided by operating activities 138.3 184.5 207.3
Cash Flows from Investing Activities      
Capital expenditures (50.3) (41.4) (62.1)
Proceeds on disposal of property, plant and equipment 1.1 0.5 0.1
Business combinations, net of cash acquired (0.7) (0.2) (34.7)
Internally developed software (25.2) (20.9) (15.1)
Net cash used in investing activities (75.1) (62.0) (111.8)
Cash Flows from Financing Activities      
Non-controlling interest 1.9 2.4 0.0
Repayment of term loan 0.0 0.0 (2.3)
Refinancing costs 0.0 (0.3) (1.4)
Dividend paid (42.4) (38.8) (35.1)
Issue of treasury stock 0.5 2.1 0.9
Repurchase of common stock (23.9) (0.7) (1.1)
Net cash used in financing activities (63.9) (35.3) (39.0)
Effect of foreign currency exchange rate changes on cash 4.0 (1.7) 0.1
Net change in cash and cash equivalents 3.3 85.5 56.6
Cash and cash equivalents at beginning of year 289.2 203.7 147.1
Cash and cash equivalents at end of year $ 292.5 $ 289.2 $ 203.7