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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES    
Net income $ 45.5 $ 52.7
Adjustments to reconcile net income to operating cash flows:    
Depreciation and amortization 5.4 5.4
Deferred income taxes 0.1 3.5
Equity in income of investees, net of dividends 0.8 (6.8)
Foreign currency remeasurement and transaction exposure 1.1 (1.6)
Changes in current assets and liabilities:    
Trade and other receivables (18.2) (4.6)
Inventories (9.6) (9.7)
Prepaid expenses and other current assets (3.2) (1.1)
Accounts payable 0.3 3.9
Other accrued expenses (28.4) (1.5)
Changes in other liabilities 3.3 4.9
Other, net (5.3) (2.3)
Net cash (used in) provided by operating activities (8.2) 42.8
CASH USED IN INVESTING ACTIVITIES    
Capital expenditures (10.6) (6.4)
Net cash used in investing activities (10.6) (6.4)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES    
Net transfers to Parent 0.0 (36.4)
Net cash provided by (used in) financing activities 0.0 (36.4)
Net decrease in cash and cash equivalents (18.8) 0.0
Cash and cash equivalents at beginning of period 168.0 0.0
CASH AND CASH EQUIVALENTS AT END OF PERIOD 149.2 0.0
Non-cash investing and financing activities:    
Non-cash Capital expenditures $ 2.6 $ 2.8