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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES    
Net income $ 101.7 $ 98.9
Adjustments to reconcile net income to operating cash flows:    
Depreciation and amortization 11.7 10.9
Deferred income taxes (4.0) 3.7
Equity in income of investees, net of dividends (5.8) 1.2
Foreign currency remeasurement and transaction exposure (2.3) (5.2)
Changes in current assets and liabilities:    
Trade and other receivables (33.8) (20.1)
Inventories (32.2) (9.4)
Prepaid expenses and other current assets (12.0) (10.8)
Accounts payable 6.2 1.8
Other accrued expenses (19.9) 14.8
Changes in other liabilities 7.7 1.6
Other, net (2.6) 1.6
Net cash provided by operating activities 14.7 89.0
CASH USED IN INVESTING ACTIVITIES    
Capital expenditures (22.2) (19.1)
Net cash used in investing activities (22.2) (19.1)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES    
Long-term debt proceeds 0.0 650.0
Net transfers to Parent 0.0 (580.3)
Net cash provided by financing activities 0.0 69.7
Net (decrease) increase in cash and cash equivalents (7.5) 139.6
Cash and cash equivalents at beginning of period 168.0 0.0
CASH AND CASH EQUIVALENTS AT END OF PERIOD 160.5 139.6
Non-cash investing and financing activities:    
Non-cash settlements with Parent 0.0 29.4
Non-cash Capital expenditures $ (1.1) $ 0.0