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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES    
NET INCOME $ 136.5 $ 134.4
Adjustments to reconcile net income to operating cash flows:    
Depreciation and amortization 16.1 16.1
Deferred income taxes 1.6 0.2
Equity in income of investees, net of dividends (3.0) (3.5)
Foreign currency remeasurement and transaction exposure (4.7) (4.4)
Changes in current assets and liabilities:    
Trade and other receivables (4.4) (19.5)
Related party receivables (0.7) (3.8)
Inventories (1.0) (50.0)
Prepaid expenses and other current assets (15.2) (5.8)
Accounts payable (principally trade) 7.1 23.5
Related party payables (10.9) 16.1
Other accrued expenses 27.1 (6.8)
Changes in other liabilities (0.5) (8.2)
Other, net (0.7) (0.4)
Net cash provided by operating activities 147.3 87.9
CASH USED IN INVESTING ACTIVITIES    
Capital expenditures (29.6) (22.4)
Net cash used in investing activities (29.6) (22.4)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES    
Long-term debt proceeds 650.0 0.0
Payments on long-term debt (50.0) 0.0
Net transfers to Parent (580.3) (65.5)
Other, net 1.4 0.0
Net cash provided by (used in) financing activities 21.1 (65.5)
Net increase in cash and cash equivalents 138.8 0.0
Cash and cash equivalents at beginning of period 0.0 0.0
CASH AND CASH EQUIVALENTS AT END OF PERIOD 138.8 0.0
Non-cash investing and financing activities:    
Non-cash settlements with Parent 29.4 0.0
Change in Capital expenditures $ 0.0 $ 0.0