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Condensed Consolidated and Combined Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net income $ 470.2 $ 216.1
Less: Income from discontinued operations, net of tax 276.5 37.7
Net income from continuing operations 193.7 178.4
Adjustments to reconcile net income from continuing operations to net cash provided by (used for) operating activities of continuing operations    
Depreciation 28.2 24.8
Amortization 64.1 39.9
Deferred income taxes 2.0 0.1
Share-based compensation 20.1 12.7
Changes in assets and liabilities, net of effects of business acquisitions    
Accounts and notes receivable (152.8) (10.4)
Inventories (23.0) (9.0)
Other current assets 28.3 (7.6)
Accounts payable 22.9 (8.1)
Employee compensation and benefits 0.8 (22.6)
Other current liabilities (30.8) (33.6)
Other non-current assets and liabilities 1.4 1.1
Net cash provided by (used for) operating activities of continuing operations 154.9 165.7
Net cash provided by (used for) operating activities of discontinued operations (111.6) 55.1
Net cash provided by (used for) operating activities 43.3 220.8
Investing activities    
Capital expenditures (38.0) (31.8)
Proceeds from sale of property and equipment 1.6 0.3
Acquisitions, net of cash acquired (971.6) 0.0
Net cash provided by (used for) investing activities of continuing operations (1,008.0) (31.5)
Net cash provided by (used for) investing activities of discontinued operations 1,584.6 (2.8)
Net cash provided by (used for) investing activities 576.6 (34.3)
Financing activities    
Net receipts of revolving credit facility 200.0 0.0
Proceeds from long-term debt 275.0 0.0
Repayments of long-term debt (866.3) (15.0)
Debt issuance costs (1.9) (2.7)
Dividends paid (65.7) (63.6)
Shares issued to employees, net of shares withheld (2.0) (1.9)
Repurchases of ordinary shares (253.1) 0.0
Net cash provided by (used for) financing activities (714.0) (83.2)
Effect of exchange rate changes on cash and cash equivalents 30.0 (14.4)
Change in cash and cash equivalents (64.1) 88.9
Cash and cash equivalents, beginning of period 131.2 179.6
Cash and cash equivalents within assets held for sale, beginning of period 58.7 5.5
Less: Cash and cash equivalents within assets held for sale, end of period 0.0 7.7
Cash and cash equivalents, end of period $ 125.8 $ 266.3