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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating activities      
Net income $ 83.6 $ 170.7 $ 76.2
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 185.9 179.7 188.8
Cloud-based enterprise resource planning system impairment 71.6 0.0 0.0
Deferred income tax benefit (45.4) (23.8) (61.3)
Share-based compensation expense 9.1 15.4 13.2
Changes in assets and liabilities:      
(Increase) decrease in accounts receivable (18.3) (15.2) 38.6
Decrease (increase) in inventories 0.6 (13.7) 24.3
(Decrease) increase in accounts payable (27.6) 0.3 (22.2)
Decrease in pension, retirement benefits and deferred compensation (11.3) (34.3) (8.7)
Increase (decrease) in restructuring obligations 24.9 (24.8) 2.1
Taxes paid on gain on sale of business 0.0 0.0 (104.1)
(Decrease) increase in environmental obligations (4.8) (11.2) 38.9
Decrease (increase) in environmental insurance receivable 34.0 (34.0) 0.0
(Decrease) increase in incentive accruals (24.0) 31.0 6.4
Accrued expenses and other assets and liabilities, net 23.3 16.7 9.4
Net cash provided by operating activities 301.6 256.8 201.6
Investing activities      
Capital expenditures (106.6) (121.9) (119.4)
Net proceeds from divestiture 0.0 0.0 7.3
Proceeds from plant closures 12.9 3.4 7.6
Other investing activities (3.3) (2.1) 10.3
Net cash used by investing activities (97.0) (120.6) (94.2)
Financing activities      
Proceeds from long-term borrowings 0.0 650.0 0.0
Payments on long-term borrowings (150.3) (660.9) (105.8)
Cash dividends paid (98.8) (94.0) (90.2)
Payments on withholding tax on share awards (4.1) (6.4) (3.4)
Debt financing costs (3.9) (9.6) (2.3)
Net cash used by financing activities (257.1) (120.9) (201.7)
Effect of exchange rate changes on cash 18.5 (16.6) (1.0)
Decrease in cash and cash equivalents (34.0) (1.3) (95.3)
Cash and cash equivalents at beginning of year 544.5 545.8 641.1
Cash and cash equivalents at end of year $ 510.5 $ 544.5 $ 545.8