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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
OPERATING ACTIVITIES      
Net income $ 167.0 $ 188.5 $ 47.0
Adjustments to reconcile net income to net cash provided from operating activities:      
Depreciation and amortization 121.5 116.6 117.8
Deferred income taxes 16.5 (61.1) 41.6
Net pension expense 11.6 14.2 48.4
Share-based compensation expense 17.6 17.6 13.0
Net loss on disposal of property, plant, and equipment and assets held for sale 1.2 2.5 2.5
Loss on divestiture of business 0.0 0.0 3.2
Gain on insurance recovery (11.4) 0.0 0.0
Changes in working capital and other:      
Accounts receivable (5.3) (86.8) (34.6)
Inventories (94.0) 0.4 (74.6)
Other current assets 6.8 (9.6) 2.8
Accounts payable 20.1 10.7 42.5
Accrued liabilities (4.9) 28.7 26.6
Pension plan contributions (5.5) (6.7) (100.0)
Other postretirement plan contributions (3.1) (3.4) (3.2)
Other, net (5.7) (2.4) (2.7)
Net cash provided from operating activities 232.4 209.2 130.3
INVESTING ACTIVITIES      
Purchases of property, plant, equipment and software (180.3) (135.0) (98.5)
Acquisition of businesses, net of cash acquired (79.0) (13.3) (35.3)
Proceeds from disposals of property, plant and equipment and assets held for sale 0.4 1.9 2.5
Proceeds from insurance recovery 11.4 0.0 0.0
Proceeds from note receivable from sale of equity method investment 0.0 6.3 6.3
Proceeds from sales and maturities of marketable securities 2.9 0.7 0.9
Proceeds from divestiture of business 0.0 0.0 12.0
Net cash used for investing activities (244.6) (139.4) (112.1)
FINANCING ACTIVITIES      
Credit agreement borrowings 163.9 0.0 122.1
Credit agreement repayments (163.9) 0.0 (122.1)
Net change in short-term credit agreement borrowings 19.7 0.0 0.0
Dividends paid (38.6) (34.4) (34.1)
Payments on long-term debt 0.0 (55.0) 0.0
Proceeds from stock options exercised 3.9 12.9 2.2
Withholding tax payments on share-based compensation awards (4.4) (2.4) (1.0)
Payments of debt issue costs 0.0 0.0 (1.4)
Tax benefits on share-based compensation 0.0 0.0 0.5
Net cash used for financing activities (19.4) (78.9) (33.8)
Effect of exchange rate changes on cash and cash equivalents 2.4 (1.0) (0.1)
DECREASE IN CASH AND CASH EQUIVALENTS (29.2) (10.1) (15.7)
Cash and cash equivalents at beginning of year 56.2 66.3 82.0
Cash and cash equivalents at end of year $ 27.0 $ 56.2 $ 66.3