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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 $ 198.0 $ 160.2 $ 112.7
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation 30.0 29.2 29.2
Amortization of intangible assets 58.7 59.1 58.7
Non-cash restructuring charges 2.5 8.0 2.5
Loss on divestiture of asbestos liabilities and certain assets 0.0 0.0 9.3
Divestiture of asbestos liabilities and certain assets 0.0 0.0 (13.0)
Loss (gain) on dispositions of long-lived assets 4.0 0.6 (2.7)
Deferred income taxes (4.6) (14.8) (4.2)
Other non-cash expenses 2.2 5.1 1.9
Actuarial gain on pension and other postretirement benefit obligations (0.5) (1.4) (2.0)
Loss on the extinguishment of debt 0.0 0.0 0.9
Pension curtailment and settlement (10.7) 0.0 0.0
Stock-based compensation expense 40.6 37.9 40.0
Changes in operating assets and liabilities:      
Receivables, net 18.4 6.3 10.1
Inventories, net (0.1) 2.7 65.0
Other assets 6.9 1.4 2.5
Accounts payable (6.8) 15.8 (60.8)
Accruals and other 7.9 (16.6) 3.8
Cash provided by operating activities 346.5 293.5 253.9
Investing activities      
Expenditures for property, plant and equipment (29.9) (21.8) (21.3)
Proceeds from dispositions of long-lived assets 0.0 1.6 7.7
Proceeds from insurance claims 0.0 0.0 9.0
Cash used for investing activities (29.9) (20.2) (4.6)
Financing activities      
Proceeds from borrowings of debt 0.0 0.0 13.0
Repayments of debt (0.8) (0.8) (77.9)
Proceeds from exercise of stock options and ESPP contributions 7.9 8.7 4.3
Taxes withheld and paid on employees' share-based payment awards (0.6) (8.6) (3.1)
Repurchase of common stock (159.9) (150.2) (125.1)
Payment of common stock dividends (63.9) (56.6) (50.4)
Cash used for financing activities (217.3) (207.5) (239.2)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 3.2 (4.5) 1.8
Increase in cash, cash equivalents and restricted cash 102.5 61.3 11.9
Cash, cash equivalents and restricted cash at beginning of period [1] 198.0 136.7 124.8
Cash, cash equivalents and restricted cash at end of period [1] $ 300.5 $ 198.0 $ 136.7
[1] The Company has combined cash flows from discontinued operations with cash flows from continuing operations within operating, investing and financing categories.