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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities:    
Net income $ 163.8 $ 25.6
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 13.5 13.6
Stock-based compensation 1.3 1.6
Deferred income taxes 0.9 4.5
Provision for allowances, claims, and doubtful accounts 1.9 1.6
Gain on sale of assets   (20.3)
Pension settlement charge 0.1 0.2
Loss on retirement of debt 5.3  
Non-cash (gain) loss from derivatives (10.3) 9.1
Other items (0.5)  
Change in operating assets and liabilities:    
Receivables (157.1) (165.2)
Inventories (5.9) (12.3)
Other assets and liabilities (8.9) (19.7)
Accounts payable 87.4 118.5
Accrued liabilities (28.3) 13.0
Accrued taxes payable/receivable 23.2 0.5
Deferred employee benefit costs (3.9) (18.0)
Net adjustments (81.3) (72.9)
Net cash provided by (used in) operating activities 82.5 (47.3)
Investing activities:    
Acquisitions, net of cash acquired (3.0)  
Capital expenditures (18.8) (6.5)
Proceeds from sale of property, plant, and equipment 1.0 29.0
Other items   (0.5)
Net cash provided by (used in) investing activities (20.8) 22.0
Financing activities:    
Repayment of debt (68.8) (0.4)
Net proceeds (repayments) of short-term borrowings (26.1) 1.2
Net increase in book overdrafts 33.6 9.4
Principal payments on finance lease obligations (2.5) (2.5)
Dividends paid to shareholders (3.8)  
Share repurchases (0.5)  
Other items   (0.1)
Net cash provided by (used in) financing activities (68.1) 7.6
Net decrease in cash, cash equivalents, and restricted cash (6.4) (17.7)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (0.2) (0.4)
Net change in cash, cash equivalents, and restricted cash (6.6) (18.1)
Cash, cash equivalents, and restricted cash—beginning of period 52.4 62.5
Cash, cash equivalents, and restricted cash—end of period 45.8 44.4
Cash paid during the period for:    
Interest paid to third parties, net 16.1 22.8
Income taxes, net 31.7 2.3
Noncash investing activities:    
Asset additions under operating leases 2.1 6.1
Asset additions under finance leases and sale-leasebacks $ 2.0 $ 1.7