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Condensed Consolidated Statements of Cash Flows (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES    
Net earnings $ 72.4 $ 78.1
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation and amortization 21.9 19.9
Provision for expected losses on accounts receivable 4.2 2.1
Share-based compensation 9.5 9.0
Deferred income taxes (1.0) 5.0
Net pension plan income (0.5) (2.1)
Amortization of right-of-use assets 8.0 8.7
Other 0.5 1.2
Changes in operating assets and liabilities:    
Accounts receivable, net (79.8) (94.4)
Prepaid expenses and other current assets (5.9) (4.7)
Accounts payable 22.9 4.0
Income taxes payable and receivable 4.1 (3.9)
Accrued liabilities and other (52.3) (19.3)
Operating Lease liabilities (9.7) (10.6)
Pension and other postretirement benefits plan contributions (0.7) (0.7)
Net cash used in operating activities (6.4) (7.7)
INVESTING ACTIVITIES    
Capital expenditures (24.8) (17.7)
Net cash used in investing activities (24.8) (17.7)
FINANCING ACTIVITIES    
Revolving facility borrowings 209.0 228.0
Payments on revolving facility borrowings (99.0) (218.0)
Debt issuance costs 0.0 (2.8)
Treasury share repurchases (116.6) (19.1)
Proceeds from exercise of stock options 0.3 2.0
Finance lease payments (0.9) 0.0
Net cash used in financing activities (7.2) (9.9)
Effect of exchange rate on cash and cash equivalents 1.7 1.6
Net decrease in cash and cash equivalents (36.7) (33.7)
Cash and cash equivalents at beginning of year 54.5 73.6
Cash and cash equivalents at end of period 17.8 39.9
Supplemental cash flow information    
Income taxes paid (net of refunds) 22.0 24.3
Interest paid $ 2.8 $ 10.6