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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 $ 56.0 $ 43.0
Reconciliations of net income to net cash flows provided by operating activities:    
Depreciation and amortization 40.3 39.1
Deferred income taxes (5.4) (0.4)
Foreign exchange gains (7.8) (7.3)
Incentive stock compensation 4.1 4.4
Other, net 3.7 2.2
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable (4.8) (2.6)
Inventories (23.9) (29.1)
Accounts payable 0.7 18.6
Accrued expenses (14.5) (22.3)
Prepaid expenses and other current assets 6.7 2.7
Other assets and liabilities 3.1 5.2
Net cash flows provided by operating activities 58.2 53.5
Cash flows from investing activities:    
Capital expenditures (19.0) (9.1)
Proceeds from disposal of property, plant and equipment 0.0 0.5
Acquisitions, net of cash acquired (3.9) 0.0
Other, net 0.0 (3.0)
Net cash flows used in investing activities (22.9) (11.6)
Cash flows from financing activities:    
Repayments of borrowings (2.9) (2.9)
Dividends (20.0) (19.4)
Payment of financing fees (2.1) 0.0
Other, net (7.7) (7.2)
Net cash flows used in financing activities (32.7) (29.5)
Effect of exchange rate changes on cash and cash equivalents (5.6) 1.0
Net (decrease) increase in cash and cash equivalents (3.0) 13.4
Cash and cash equivalents at beginning of period 289.3 265.6
Cash and cash equivalents at end of period $ 286.3 $ 279.0