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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 21 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Cash flows from operating activities:          
Net income $ 17.2 $ 33.5 $ 78.7 $ 86.9  
Loss from discontinued operations, net of taxes 0.0 0.0 0.0 0.3  
Income from continuing operations 17.2 33.5 78.7 87.2  
Adjustments to reconcile income from continuing operations to cash provided by continuing operating activities:          
Depreciation and amortization     53.2 47.5  
Stock-based compensation     0.9 7.2  
Other     8.2 4.9  
Changes in operating assets and liabilities:          
Trade receivables, net and contract assets     54.5 (16.2)  
Inventories     14.4 (18.5)  
Accounts payable, trade and other     (46.6) (12.8)  
Advance and progress payments     4.2 (37.1)  
Accrued pension and other postretirement benefits, net     (0.6) (7.2)  
Other assets and liabilities, net     (5.8) (19.9)  
Cash provided by continuing operating activities     161.1 35.1  
Cash required by discontinued operating activities     0.0 (0.2)  
Cash provided by operating activities     161.1 34.9  
Cash flows from investing activities:          
Acquisitions, net of cash acquired     (4.5) (368.4) $ (387.9)
Capital expenditures     (22.7) (29.2)  
Proceeds from disposal of assets     1.2 1.3  
Cash required by investing activities     (26.0) (396.3)  
Cash flows from financing activities:          
Net (payments) proceeds on short-term debt     (0.7) 1.1  
Net (payments) proceeds from domestic credit facilities     (108.9)    
Net (payments) proceeds from domestic credit facilities       387.0  
Settlement of taxes withheld on stock-based compensation awards     (2.2) (6.5)  
Deferred acquisition payments     0.0 (3.6)  
Dividends     (9.5) (9.5)  
Cash (required) provided by financing activities     (121.3) 368.5  
Effect of foreign exchange rate changes on cash and cash equivalents     (2.7) (1.0)  
Increase in cash and cash equivalents     11.1 6.1  
Cash and cash equivalents, beginning of period     39.5 43.0 43.0
Cash and cash equivalents, end of period $ 50.6 $ 49.1 $ 50.6 $ 49.1 $ 50.6