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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES      
Net income $ 376.0 $ 186.5 $ 56.4
Adjustments to reconcile net income to net cash provided from operating activities:      
Depreciation and amortization 139.2 134.6 131.0
Goodwill impairment charge 0.0 14.1 0.0
Noncash restructuring and asset impairment charges 2.5 15.8 0.0
Deferred income taxes (17.4) (13.3) (0.4)
Net pension expense 24.8 76.0 19.9
Share-based compensation expense 22.8 19.8 16.4
Net loss on disposal of property, plant, and equipment and assets held for sale 2.0 4.6 2.5
Changes in working capital and other:      
Accounts receivable (1.8) (32.6) (144.5)
Inventories (60.4) (96.7) (140.3)
Other current assets 13.7 (31.3) 13.0
Accounts payable (1.4) (11.0) 29.2
Accrued liabilities 13.7 23.6 38.2
Pension plan contributions (64.8) (11.3) 0.0
Other postretirement plan contributions (3.6) (2.6) (3.3)
Other, net (4.9) (1.3) (3.4)
Net cash provided from operating activities 440.4 274.9 14.7
INVESTING ACTIVITIES      
Purchases of property, plant, equipment and software (154.3) (96.6) (82.3)
Proceeds from disposals of property, plant and equipment and assets held for sale 1.4 0.7 0.0
Net cash used for investing activities (152.9) (95.9) (82.3)
FINANCING ACTIVITIES      
Credit agreement borrowings 0.0 62.5 183.7
Credit agreement repayments 0.0 (62.5) (183.7)
Payments for debt issue costs 0.0 0.0 (1.9)
Dividends paid (40.3) (40.0) (39.4)
Purchases of treasury stock (101.9) 0.0 0.0
Proceeds from stock options exercised 13.4 40.9 5.0
Withholding tax payments on share-based compensation awards (38.3) (24.2) (3.8)
Net cash used for financing activities (167.1) (23.3) (40.1)
Effect of exchange rate changes on cash and cash equivalents (4.0) (1.1) (2.0)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 116.4 154.6 (109.7)
Cash and cash equivalents at beginning of year 199.1 44.5 154.2
Cash and cash equivalents at end of year $ 315.5 $ 199.1 $ 44.5