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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
OPERATING ACTIVITIES    
Net (loss) income $ (172.5) $ 119.9
Adjustments to reconcile net (loss) income to net cash provided from operating activities:    
Debt extinguishment losses, net 8.2 (0.0)
Depreciation and amortization 91.6 92.2
Non-cash restructuring and asset impairment charges 13.6 1.5
Deferred income taxes (19.3) 7.0
Net pension expense 20.3 11.5
Goodwill impairment charge 52.8 0.0
Non-cash inventory write-downs from restructuring 2.6 0.0
Share-based compensation expense 7.8 12.4
Net loss on disposals of property, plant and equipment and assets held for sale 0.1 0.0
Changes in working capital and other:    
Accounts receivable 13.8 7.6
Inventories 181.9 (85.2)
Other current assets (33.4) (5.2)
Accounts payable 18.2 (26.9)
Accrued liabilities 3.8 (33.4)
Pension plan contributions (10.9) (4.9)
Other postretirement plan contributions (1.6) (2.7)
Other, net (1.6) 1.1
Net cash provided from operating activities 175.4 94.9
INVESTING ACTIVITIES    
Purchases of property, plant, equipment and software (78.5) (144.0)
Proceeds from disposals of property, plant and equipment and assets held for sale 1.6 0.3
Proceeds from divestiture of business 20.0 0.0
Net cash used for investing activities (56.9) (143.7)
FINANCING ACTIVITIES    
Credit agreement borrowings 0.0 331.1
Credit agreement repayments 0.0 (181.1)
Net change in short-term credit agreement borrowings (170.0) 0.3
Payments on long-term debt (250.0) 0.0
Proceeds from issuance of long-term debt, net of offering costs 395.5 0.0
Payments for debt extinguishment costs, net (8.2) 0.0
Payments for debt issue costs (2.5) 0.0
Dividends paid (29.3) (29.1)
Proceeds from stock options exercised 0.2 4.3
Withholding tax payments on share-based compensation awards (2.3) (7.8)
Net cash (used for) provided from financing activities (66.6) 117.7
Effect of exchange rate changes on cash and cash equivalents (0.8) (2.9)
INCREASE IN CASH AND CASH EQUIVALENTS 51.1 66.0
Cash and cash equivalents at beginning of period 193.1 27.0
Cash and cash equivalents at end of period 244.2 93.0
SUPPLEMENTAL CASH FLOW INFORMATION:    
Non-cash investing activities: Purchase of property, plant, equipment and software $ 4.2 $ 14.1