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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income before non-controlling interest $ 76.8 $ 85.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 39.2 33.8
Amortization of stock-based compensation 9.2 10.8
Amortization of deferred financing costs 0.9 1.0
Bad debt expense 3.8 1.7
Deferred income taxes 0.1 0.7
Dividends received from unconsolidated affiliates 4.9 1.5
Equity income in earnings of unconsolidated affiliates (4.9) (4.6)
Foreign currency adjustments and other 0.1 (0.8)
Changes in operating assets and liabilities 0.1 (30.2)
Net cash provided by operating activities 130.2 99.8
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (31.5) (52.1)
Other 0.3 0.1
Net cash used in investing activities (31.2) (52.0)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowings under long-term debt obligations 478.1 509.8
Repayments of borrowings under long-term debt obligations (481.8) (477.4)
Proceeds from exercise of stock options 0.3 0.8
Treasury stock repurchased (43.8) (35.7)
Dividends paid (24.9) (20.8)
Repayments of finance lease obligations and other (5.8) (5.1)
Net cash used in financing activities (77.9) (28.4)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (3.5) 2.2
Increase in cash and cash equivalents 17.6 21.6
CASH AND CASH EQUIVALENTS, beginning of period 74.9 69.4
CASH AND CASH EQUIVALENTS, end of period 92.5 91.0
Cash paid during the period for:    
Interest 20.3 19.5
Income taxes, net of refunds $ 13.2 $ 11.3