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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
OPERATING ACTIVITIES    
Net income $ 168.9 $ 86.6
Adjustments to reconcile net income to net cash provided from operating activities:    
Depreciation and amortization 68.1 66.7
Noncash restructuring and asset impairment charges 2.5 0.0
Deferred income taxes (8.4) (1.0)
Net pension expense 12.4 11.8
Share-based compensation expense 9.8 8.5
Net loss on disposals of property, plant and equipment 0.5 1.2
Changes in working capital and other:    
Accounts receivable (6.1) 23.9
Inventories (80.7) (157.5)
Other current assets (6.8) (25.4)
Accounts payable 3.6 37.8
Accrued liabilities (36.9) (26.8)
Pension plan contributions (15.1) (4.8)
Other postretirement plan contributions (1.8) (0.7)
Other, net (1.9) 1.6
Net cash provided from operating activities 108.1 21.9
INVESTING ACTIVITIES    
Purchases of property, plant, equipment and software (56.2) (47.3)
Net cash used for investing activities (56.2) (47.3)
FINANCING ACTIVITIES    
Short-term credit agreement borrowings, net change 0.0 13.9
Credit agreement borrowings 0.0 46.5
Credit agreement repayments 0.0 (46.5)
Dividends paid (20.2) (19.8)
Purchases of treasury stock (40.3) 0.0
Proceeds from stock options exercised 3.9 19.4
Withholding tax payments on share-based compensation awards (32.0) (18.0)
Net cash used for financing activities (88.6) (4.5)
Effect of exchange rate changes on cash and cash equivalents (0.3) 1.1
DECREASE IN CASH AND CASH EQUIVALENTS (37.0) (28.8)
Cash and cash equivalents at beginning of year 199.1 44.5
Cash and cash equivalents at end of period 162.1 15.7
SUPPLEMENTAL CASH FLOW INFORMATION:    
Noncash investing activities: Purchase of property, plant, equipment and software $ 10.4 $ 10.9