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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 41.0 $ 175.1
Net income from discontinued operations, net of tax 2.9 1.8
Net (loss) income from continuing operations 38.1 173.3
Reconciliations of net income to net cash flows provided by operating activities:    
Depreciation and amortization 124.7 122.0
Deferred income taxes (8.1) 3.9
Foreign exchange gain (10.5) (1.0)
Incentive stock compensation 10.6 12.8
Goodwill impairment 80.0 0.0
Other, net 25.8 10.7
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable (6.6) (23.3)
Inventories (37.2) (63.1)
Accounts payable 13.3 32.1
Accrued expenses (8.0) (47.9)
Prepaid expenses and other current assets 3.4 (22.0)
Other assets and liabilities (3.7) (2.1)
Net cash flows provided by operating activities 221.8 195.4
Cash flows from investing activities:    
Capital expenditures (36.3) (32.8)
Proceeds from disposal of property, plant and equipment 1.4 3.4
Acquisitions, net of cash acquired (188.6) (22.6)
Other, net (2.7) (9.9)
Net cash flows used in investing activities (226.2) (61.9)
Cash flows from financing activities:    
Debt proceeds 150.0 0.0
Repayments of borrowings (8.6) (11.9)
Repurchases of common stock 0.0 (113.5)
Dividends (58.1) (59.2)
Payment of financing fees (1.0) 0.0
Other, net (7.7) (27.0)
Net cash flows provided by (used in) financing activities 74.6 (211.6)
Net cash flows provided by operating activities of discontinued operations 2.9 1.8
Effect of exchange rate changes on cash and cash equivalents (9.1) (19.8)
Net increase (decrease) in cash and cash equivalents 64.0 (96.1)
Cash and cash equivalents at beginning of period 265.6 330.1
Cash and cash equivalents at end of period $ 329.6 $ 234.0