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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES      
NET INCOME $ 171.3 $ 170.4 $ 170.1
Adjustments to reconcile net income to operating cash flows:      
Depreciation and amortization 21.5 21.6 21.6
Deferred income taxes (10.0) (12.7) (2.7)
Equity in income of investees, net of dividends (7.8) 0.4 (2.8)
Foreign currency remeasurement and transaction exposure (4.5) (1.9) (5.8)
Changes in current assets and liabilities:      
Trade and other receivables (9.4) (15.6) 0.2
Related party receivables (0.7) (2.7) (8.0)
Inventories (4.3) (9.7) (43.5)
Prepaid expenses and other current assets (8.9) (6.1) 10.2
Accounts payable 24.1 12.6 20.5
Related party payables (19.7) 5.9 28.3
Other accrued expenses 30.2 0.8 19.4
Changes in other liabilities 0.3 (5.7) 3.4
Other, net 6.9 8.4 (1.0)
Net cash provided by operating activities 189.0 165.7 209.9
CASH USED IN INVESTING ACTIVITIES      
Capital expenditures (45.8) (37.5) (33.4)
Net cash used in investing activities (45.8) (37.5) (33.4)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES      
Long-term debt proceeds 650.0 0.0 0.0
Payments on long-term debt (50.0) 0.0 0.0
Net transfers to Parent (579.5) (128.2) (176.5)
Other, net 4.3 0.0 0.0
Net cash provided by (used in) financing activities 24.8 (128.2) (176.5)
Net increase in cash and cash equivalents 168.0 0.0 0.0
Cash and cash equivalents at beginning of period 0.0 0.0 0.0
CASH AND CASH EQUIVALENTS AT END OF PERIOD 168.0 0.0 0.0
Non-cash investing and financing activities:      
Non-cash settlements with Parent 29.4 0.0 0.0
Non-cash Capital expenditures $ (1.5) $ (4.1) $ (1.5)