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Condensed Consolidated and Combined Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities    
Net income $ 105.1 $ 93.8
Adjustments to reconcile net income to net cash provided by (used for) operating activities    
Depreciation 14.4 11.1
Amortization 25.2 17.6
Deferred income taxes (0.2) 0.6
Share-based compensation 6.6 5.7
Changes in assets and liabilities, net of effects of business acquisitions    
Accounts and notes receivable (6.1) 20.8
Inventories (7.9) (17.3)
Other current assets (12.1) (13.5)
Accounts payable (5.4) (7.6)
Employee compensation and benefits (26.1) (30.2)
Other current liabilities (3.3) (9.3)
Other non-current assets and liabilities (0.2) (2.3)
Net cash provided by (used for) operating activities 90.0 69.4
Investing activities    
Capital expenditures (16.1) (17.1)
Proceeds from sale of property and equipment 0.3 0.2
Net cash provided by (used for) investing activities (15.8) (16.9)
Financing activities    
Repayments of long-term debt (7.5) (3.8)
Dividends paid (31.9) (29.3)
Shares issued to employees, net of shares withheld (0.8) (2.5)
Repurchases of ordinary shares 0.0 (15.2)
Net cash provided by (used for) financing activities (40.2) (50.8)
Effect of exchange rate changes on cash and cash equivalents (7.7) 3.9
Change in cash and cash equivalents 26.3 5.6
Cash and cash equivalents, beginning of period 185.1 297.5
Cash and cash equivalents, end of period $ 211.4 $ 303.1