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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 221.6 $ 226.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 79.9 72.7
Amortization 1.5 1.8
Stock-based compensation 8.7 9.3
Non-cash restructuring charges 1.6 0.0
Asset impairments 4.1 0.9
Other non-cash items, net (6.9) (7.6)
Changes in assets and liabilities (4.0) (20.5)
Net cash provided by operating activities 306.5 283.2
Cash flows from investing activities:    
Capital expenditures (146.5) (190.8)
Other, net 0.0 (1.0)
Net cash used in investing activities (146.5) (191.8)
Cash flows from financing activities:    
Borrowings of long-term debt 0.0 35.0
Repayments of long-term debt 0.0 (36.1)
Principal repayments on finance leases (0.5) (22.9)
Excise tax payments (4.2) 0.0
Dividend payments (30.3) (29.3)
Proceeds from stock-based compensation awards 6.0 19.9
Employee stock purchase plan contributions 3.6 3.7
Shares purchased under share repurchase programs (134.0) (454.1)
Shares repurchased for employee tax withholdings (2.5) (5.5)
Net cash used in financing activities (161.9) (489.3)
Effect of exchange rates on cash 27.0 (9.8)
Net increase (decrease) in cash and cash equivalents 25.1 (407.7)
Cash, including cash equivalents at beginning of period 484.6 853.9
Cash, including cash equivalents at end of period 509.7 446.2
Supplemental cash flow information:    
Accrued capital expenditures $ 35.4 $ 41.6