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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES    
Net income $ (0.6) $ (44.1)
Adjustments to reconcile net loss to net cash used for operating activities:    
Depreciation and amortization 64.8 65.3
Deferred income taxes (0.9) (17.6)
Net pension expense (income) 9.9 (3.6)
Share-based compensation expense 7.1 5.6
Net loss on disposals of property, plant and equipment 0.6 0.2
Changes in working capital and other:    
Accounts receivable (58.5) 0.0
Inventories (226.7) (109.8)
Other current assets (4.1) (7.4)
Accounts payable 62.1 26.9
Accrued liabilities (12.1) (42.9)
Pension plan contributions 0.0 (0.2)
Other postretirement plan contributions (1.5) (1.9)
Other, net (4.6) (6.8)
Net cash used for operating activities (164.5) (136.3)
INVESTING ACTIVITIES    
Purchases of property, plant, equipment and software (31.0) (33.4)
Proceeds from disposals of property, plant and equipment and assets held for sale 0.0 1.8
Net cash used for investing activities (31.0) (31.6)
FINANCING ACTIVITIES    
Short-term credit agreement borrowings, net change 41.2 0.0
Credit agreement borrowings 60.1 0.0
Credit agreement repayments (20.1) 0.0
Dividends paid (19.7) (19.7)
Withholding tax payments on share-based compensation awards (3.4) (3.1)
Net cash provided from (used for) financing activities 58.1 (22.8)
Effect of exchange rate changes on cash and cash equivalents 3.2 0.2
DECREASE IN CASH AND CASH EQUIVALENTS (134.2) (190.5)
Cash and cash equivalents at beginning of year 154.2 287.4
Cash and cash equivalents at end of period 20.0 96.9
SUPPLEMENTAL CASH FLOW INFORMATION:    
Non-cash investing activities: Purchase of property, plant, equipment and software $ 8.1 $ 8.4