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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
OPERATING ACTIVITIES      
Net income (loss) $ 186.5 $ 56.4 $ (49.1)
Adjustments to reconcile net income to net cash provided from operating activities:      
Depreciation and amortization 134.6 131.0 131.4
Goodwill impairment charge 14.1 0.0 0.0
Acquisition-related contingent liability release 0.0 0.0 (4.7)
Noncash restructuring and asset impairment charges 15.8 0.0 0.0
Debt extinguishment losses, net 0.0 (0.0) 6.0
Deferred income taxes (13.3) (0.4) (3.1)
Net pension expense (income) 76.0 19.9 (7.3)
Share-based compensation expense 19.8 16.4 10.8
Net loss on disposal of property, plant, and equipment and assets held for sale 4.6 2.5 2.0
Changes in working capital and other:      
Accounts receivable (32.6) (144.5) (79.0)
Inventories (96.7) (140.3) (71.9)
Other current assets (31.3) 13.0 8.3
Accounts payable (11.0) 29.2 95.7
Accrued liabilities 23.6 38.2 (24.5)
Pension plan contributions (11.3) 0.0 (0.7)
Other postretirement plan contributions (2.6) (3.3) (1.7)
Other, net (1.3) (3.4) (6.2)
Net cash provided from operating activities 274.9 14.7 6.0
INVESTING ACTIVITIES      
Purchases of property, plant, equipment and software (96.6) (82.3) (91.3)
Proceeds from disposals of property, plant and equipment and assets held for sale 0.7 0.0 2.2
Net cash used for investing activities (95.9) (82.3) (89.1)
FINANCING ACTIVITIES      
Credit agreement borrowings 62.5 183.7 0.0
Credit agreement repayments (62.5) (183.7) 0.0
Proceeds from issuance of long-term debt, net of offering costs 0.0 0.0 296.6
Payments on long-term debt 0.0 0.0 (300.0)
Payments for debt extinguishment costs, net 0.0 0.0 (6.0)
Payments for debt issue costs 0.0 (1.9) (0.8)
Dividends paid (40.0) (39.4) (39.2)
Proceeds from stock options exercised 40.9 5.0 0.0
Withholding tax payments on share-based compensation awards (24.2) (3.8) (3.4)
Net cash used for financing activities (23.3) (40.1) (52.8)
Effect of exchange rate changes on cash and cash equivalents (1.1) (2.0) 2.7
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 154.6 (109.7) (133.2)
Cash and cash equivalents at beginning of year 44.5 154.2 287.4
Cash and cash equivalents at end of year $ 199.1 $ 44.5 $ 154.2