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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING ACTIVITIES    
Net income $ 18.0 $ (51.7)
Adjustments to reconcile net income (loss) to net cash used for operating activities:    
Depreciation and amortization 97.5 98.5
Acquisition-related contingent liability release 0.0 (4.7)
Deferred income taxes 0.0 (19.0)
Net pension expense (income) 14.9 (5.5)
Share-based compensation expense 10.4 8.6
Net loss on disposals of property, plant and equipment 0.7 0.7
Changes in working capital and other:    
Accounts receivable (130.6) (29.9)
Inventories (213.5) (101.4)
Other current assets (0.3) (12.6)
Accounts payable 42.0 63.1
Accrued liabilities 8.4 (38.5)
Pension plan contributions 0.0 (0.2)
Other postretirement plan contributions (2.6) (1.2)
Other, net (5.1) (7.2)
Net cash used for operating activities (160.2) (101.0)
INVESTING ACTIVITIES    
Purchases of property, plant, equipment and software (51.5) (58.5)
Proceeds from disposals of property, plant and equipment and assets held for sale 0.0 1.8
Net cash used for investing activities (51.5) (56.7)
FINANCING ACTIVITIES    
Short-term credit agreement borrowings, net change 3.6 0.0
Credit agreement borrowings 183.7 0.0
Credit agreement repayments (78.7) 0.0
Proceeds from issuance of long-term debt, net of offering costs 0.0 296.6
Payments for debt issue costs 0.0 (1.1)
Dividends paid (29.5) (29.4)
Proceeds from stock options exercised 1.5 0.0
Withholding tax payments on share-based compensation awards (3.5) (3.2)
Net cash provided from financing activities 77.1 262.9
Effect of exchange rate changes on cash and cash equivalents 2.7 1.3
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (131.9) 106.5
Cash and cash equivalents at beginning of year 154.2 287.4
Cash and cash equivalents at end of period 22.3 393.9
SUPPLEMENTAL CASH FLOW INFORMATION:    
Non-cash investing activities: Purchase of property, plant, equipment and software $ 11.2 $ 11.8