XML 16 R7.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES    
Net income $ 43.9 $ (6.9)
Adjustments to reconcile net income (loss) to net cash provided from (used for) operating activities:    
Depreciation and amortization 33.1 32.3
Deferred income taxes 2.4 (2.2)
Net pension expense 5.9 5.0
Share-based compensation expense 4.4 3.6
Net loss on disposals of property, plant and equipment 0.3 0.3
Changes in working capital and other:    
Accounts receivable 18.4 (12.1)
Inventories (67.8) (121.2)
Other current assets (19.9) (11.5)
Accounts payable 40.3 46.7
Accrued liabilities (48.4) (11.9)
Pension plan contributions (4.6) 0.0
Other postretirement plan contributions 0.0 (0.3)
Other, net (0.6) 0.2
Net cash provided from (used for) operating activities 7.4 (78.0)
INVESTING ACTIVITIES    
Purchases of property, plant, equipment and software (22.0) (13.5)
Net cash used for investing activities (22.0) (13.5)
FINANCING ACTIVITIES    
Dividends paid (9.9) (9.8)
Proceeds from stock options exercised 13.8 0.0
Withholding tax payments on share-based compensation awards (16.8) (3.2)
Net cash used for financing activities (12.9) (13.0)
Effect of exchange rate changes on cash and cash equivalents 1.1 2.9
DECREASE IN CASH AND CASH EQUIVALENTS (26.4) (101.6)
Cash and cash equivalents at beginning of year 44.5 154.2
Cash and cash equivalents at end of period 18.1 52.6
SUPPLEMENTAL CASH FLOW INFORMATION:    
Noncash investing activities: Purchase of property, plant, equipment and software $ 11.0 $ 7.3