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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES    
NET INCOME $ 98.9 $ 84.0
Adjustments to reconcile net income to operating cash flows:    
Depreciation and amortization 10.9 10.8
Deferred income taxes 3.7 0.2
Equity in income of investees, net of dividends 1.2 2.4
Foreign currency remeasurement and transaction exposure (5.2) (2.6)
Changes in current assets and liabilities:    
Trade and other receivables 18.3 17.7
Related party receivables (1.8) (15.2)
Inventories (9.4) (38.3)
Prepaid expenses and other current assets (10.8) (4.1)
Accounts payable (principally trade) 9.7 12.9
Related party payables (7.9) 29.3
Other accrued expenses 14.8 (9.9)
Changes in other liabilities 1.6 (3.1)
Other, net 1.6 (9.0)
Net cash provided by operating activities 89.0 39.7
CASH USED IN INVESTING ACTIVITIES    
Capital expenditures (19.1) (16.5)
Net cash used in investing activities (19.1) (16.5)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES    
Long-term debt proceeds 650.0 0.0
Net transfers to Parent (580.3) (23.2)
Net cash provided by (used in) financing activities 69.7 (23.2)
Net increase in cash and cash equivalents 139.6 0.0
Cash and cash equivalents at beginning of period 0.0 0.0
CASH AND CASH EQUIVALENTS AT END OF PERIOD 139.6 0.0
Non-cash investing and financing activities:    
Non-cash settlements with Parent (29.4) 0.0
Change in Capital expenditures $ 0.0 $ (2.7)