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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 120.3 $ 124.3
Adjustments to reconcile net income to net cash used in operating activities:    
Income from equity method investments (1.2) (1.2)
Provision for credit losses 1.3 1.8
Unrealized (gains) losses, net on derivative contracts (0.5) 4.4
Stock-based compensation expense 6.3 6.6
Depreciation and amortization 25.6 24.0
Deferred income taxes (4.2) (9.3)
Pension expense 1.1 0.1
Pension contributions (0.3) (5.1)
Other items, net 0.0 (0.1)
Changes in assets and liabilities, net of effects of acquisitions and divestitures:    
Accounts and notes receivable 8.3 (24.9)
Inventories (197.0) (125.4)
Other current assets (1.7) (7.7)
Accounts payable 85.2 65.0
Accrued expenses (105.1) (113.8)
Income taxes payable and receivable, net 27.1 34.7
Leases, net 3.4 (1.1)
Other, net (4.4) 4.9
Net cash used in operating activities (35.8) (22.8)
Cash flows from investing activities:    
Proceeds from the disposal of property, plant and equipment 0.5 0.5
Purchases of property, plant and equipment (25.5) (29.5)
Acquisitions, net of cash 0.0 1.8
Proceeds from (purchases of) investments and other 1.5 (3.5)
Net cash used in investing activities (23.5) (30.7)
Cash flows from financing activities:    
Borrowings from debt arrangements 0.0 303.6
Payments on debt arrangements (5.0) (215.1)
Proceeds from employee stock purchases 1.2 1.1
Repurchases of common stock (85.2) 0.0
Repurchases of common stock to satisfy employee withholding tax obligations (11.3) (8.1)
Cash dividends paid (40.9) (39.1)
Net cash (used in) provided by financing activities (141.2) 42.4
Decrease in cash and cash equivalents (200.5) (11.1)
Effect of exchange rates on cash and cash equivalents 2.6 (3.9)
Cash and cash equivalents, beginning of period 415.1 60.7
Cash and cash equivalents, end of period 217.2 45.7
Supplemental disclosures of cash flow information:    
Interest paid 19.2 21.8
Income taxes paid (net of refunds) $ 5.1 $ 4.0