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Consolidated and Combined Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net earnings $ 217.6 $ 230.7 $ 301.1
Noncash items:      
Depreciation 39.0 39.4 39.7
Amortization 89.5 90.6 81.7
Stock-based compensation expense 18.4 13.3 12.3
Restructuring and impairment charges 0.0 0.4 6.8
Amortization of right-of-use assets 39.6    
Change in deferred income taxes (8.9) 1.7 (58.2)
Change in trade accounts receivable, net 12.8 (3.8) (18.9)
Change in inventories (1.5) (8.9) (30.5)
Change in trade accounts payable (7.9) (3.8) (0.5)
Change in prepaid expenses and other assets (8.6) 13.8 17.3
Change in accrued expenses and other liabilities 44.5 26.7 8.3
Change in operating lease liabilities (37.0)    
Net cash provided by operating activities 397.5 400.1 359.1
Cash flows from investing activities:      
Payments for additions to property, plant and equipment (77.8) (72.2) (48.9)
Proceeds from sales of property, plant and equipment 1.6 0.0 0.1
All other investing activities (2.2) (3.3) (6.1)
Net cash used in investing activities (78.4) (75.5) (54.9)
Cash flows from financing activities:      
Proceeds from the public offering of common stock, net of issuance costs 643.4 0.0 0.0
Consideration to Former Parent in connection with the Separation (1,950.0) 0.0 0.0
Proceeds from borrowings, net of deferred costs 1,315.9    
Repayment of borrowings (0.3)    
Net transfers to Former Parent (116.5) (324.6) (215.2)
Payment for purchase of noncontrolling interest and related transactions 0.0 0.0 (89.0)
All other financing activities (0.2) 0.0 0.0
Net cash used in financing activities (107.7) (324.6) (304.2)
Effect of exchange rate changes on cash and equivalents (0.2) 0.0 0.0
Net change in cash and equivalents 211.2 0.0 0.0
Beginning balance of cash and equivalents 0.0 0.0 0.0
Ending balance of cash and equivalents 211.2 0.0 0.0
Supplemental data:      
Cash paid for interest 7.7 0.0 0.0
Cash paid for taxes 30.7 $ 26.3 $ 25.1
ROU assets obtained in exchange for operating lease obligations $ 59.5