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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities    
Net income $ 31.9 $ 81.9
Adjustments to reconcile net income to cash flows from operating activities:    
Loss (income) from discontinued operations 2.0 (54.9)
Depreciation and amortization 24.6 18.5
Deferred income taxes 0.0 (26.5)
Stock-based compensation expense 2.4 2.9
Other, net 1.0 0.6
Change in operating assets and liabilities    
Receivables 2.4 13.4
Inventories 3.0 (1.0)
Payables and accrued liabilities (43.7) (17.2)
Other assets and liabilities (1.7) 30.8
Operating cash flows from continuing operations 21.9 48.5
Operating cash flows from discontinued operations (2.0) (57.2)
Total cash provided by (used in) operating activities 19.9 (8.7)
Cash flows from investing activities    
Additions to property, plant and equipment (42.3) (39.9)
Acquisitions of businesses (8.3) (9.6)
Proceeds from maturities of short-term investments 230.0 0.0
Other investing activities, net (7.1) 1.1
Investing cash flows from continuing operations 172.3 (48.4)
Investing cash flows from discontinued operations 0.0 (8.4)
Total cash provided by (used in) investing activities 172.3 (56.8)
Cash flows from financing activities    
Proceeds from borrowings 0.0 250.0
Repayments on borrowings (5.9) (119.4)
Repurchases of common stock (171.7) (87.4)
Cash dividends paid 0.0 (21.8)
Other financing activities (7.1) (8.9)
Financing cash flows from continuing operations (184.7) 12.5
Financing cash flows from discontinued operations 0.0 60.0
Total cash (used in) provided by financing activities (184.7) 72.5
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash 0.1 2.1
Increase (decrease) in cash, cash equivalents, and restricted cash 7.6 9.1
Cash, cash equivalents, and restricted cash - beginning of period 413.1 83.9
Cash, cash equivalents, and restricted cash - end of period $ 420.7 $ 93.0