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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 117.2 $ 129.6
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Loss (income) from equity method investments 0.4 (1.2)
Provision for credit losses 2.1 1.3
Unrealized losses (gains), net on derivative contracts 2.1 (0.5)
Stock-based compensation expense 6.3 6.3
Depreciation and amortization 29.2 25.6
Deferred income taxes 3.3 (1.1)
Pension expense 1.0 1.1
Pension contributions (0.3) (0.3)
Changes in assets and liabilities, net of effects of acquisitions and divestitures:    
Accounts and notes receivable (73.6) 8.3
Inventories (62.6) (209.4)
Other current assets 13.7 (1.7)
Accounts payable 31.0 85.2
Accrued expenses (74.3) (105.1)
Income taxes payable and receivable, net 18.8 27.1
Leases, net 1.3 3.4
Other, net 0.5 (4.4)
Net cash provided by (used in) operating activities 16.1 (35.8)
Cash flows from investing activities:    
Proceeds from the disposal of property, plant and equipment 0.7 0.5
Purchases of property, plant and equipment (55.5) (25.5)
Acquisitions, net of cash (0.2) 0.0
(Purchases of) proceeds from investments and other (1.6) 1.5
Net cash used in investing activities (56.6) (23.5)
Cash flows from financing activities:    
Commercial paper borrowings 434.1 0.0
Commercial paper payments (299.1) 0.0
Payments on debt arrangements (5.3) (5.0)
Proceeds from employee stock purchases 2.6 1.2
Repurchases of common stock (19.5) (85.2)
Repurchases of common stock to satisfy employee withholding tax obligations (10.5) (11.3)
Cash dividends paid (45.2) (40.9)
Net cash provided by (used in) financing activities 57.1 (141.2)
Increase (decrease) in cash, cash equivalents and restricted cash 16.6 (200.5)
Effect of exchange rates on cash, cash equivalents and restricted cash equivalents (2.1) 2.6
Cash, cash equivalents and restricted cash, beginning of period 52.7 415.1
Cash, cash equivalents and restricted cash, end of period 67.2 217.2
Supplemental disclosures of cash flow information:    
Interest paid 23.5 19.2
Income taxes paid (net of refunds) $ 7.0 $ 5.1