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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 145.5 $ 149.3
Net income from discontinued operations, net of tax 0.0 1.6
Net income from continuing operations 145.5 147.7
Reconciliations of net income from continuing operations to net cash flows provided by operating activities:    
Depreciation and amortization 75.4 80.4
Deferred income taxes (7.1) (42.8)
Foreign exchange losses (gains) 18.3 (12.5)
Incentive stock compensation 11.3 7.7
Gain on divestitures (66.6) 0.0
Other, net 6.9 5.0
Changes in assets and liabilities, net of acquisitions and divestitures:    
Accounts receivable (39.5) (32.2)
Inventories (25.4) (44.0)
Accounts payable 18.3 15.0
Accrued expenses (38.8) (1.0)
Prepaid expenses and other current assets (12.3) (2.6)
Other assets and liabilities 12.6 4.1
Net cash flows provided by operating activities 98.6 124.8
Cash flows from investing activities:    
Capital expenditures (28.7) (33.5)
Proceeds from disposal of property, plant and equipment 0.7 0.0
Proceeds from divestitures (net of cash of $2.5 million) 325.5 0.0
Acquisitions, net of cash acquired 0.0 (3.9)
Other, net 25.6 (6.4)
Net cash flows provided by (used in) investing activities 323.1 (43.8)
Cash flows from financing activities:    
Repayments of borrowings (202.6) (5.8)
Repurchases of common stock (19.4) 0.0
Dividends (39.1) (39.4)
Payment of financing fees 0.0 (2.1)
Other, net (4.9) (6.8)
Net cash flows used in financing activities (266.0) (54.1)
Net cash flows provided by operating activities of discontinued operations 0.0 1.6
Effect of exchange rate changes on cash and cash equivalents 14.8 (8.5)
Net increase in cash and cash equivalents 170.5 20.0
Cash and cash equivalents at beginning of period 359.4 289.3
Cash and cash equivalents at end of period $ 529.9 $ 309.3