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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES    
Net income $ 145.5 $ 136.5
Adjustments to reconcile net income to operating cash flows:    
Depreciation and amortization 17.8 16.1
Deferred income taxes (6.5) 1.6
Equity in income of investees, net of dividends 0.6 (3.0)
Foreign currency remeasurement and transaction exposure (2.0) (4.7)
Changes in current assets and liabilities:    
Trade and other receivables (10.7) (5.1)
Inventories (32.3) (1.0)
Prepaid expenses and other current assets (13.9) (15.2)
Accounts payable (11.7) (3.8)
Other accrued expenses (13.3) 27.1
Changes in other liabilities 6.9 (0.5)
Other, net 5.0 (0.7)
Net cash provided by operating activities 85.4 147.3
CASH USED IN INVESTING ACTIVITIES    
Capital expenditures (38.6) (29.6)
Net cash used in investing activities (38.6) (29.6)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES    
Long-term debt proceeds 0.0 650.0
Payments on long-term debt (3.8) (50.0)
Repurchases of Common stock (10.0) 0.0
Dividends paid (4.2) 0.0
Net transfers to Parent 0.0 (580.3)
Other, net 0.0 1.4
Net cash (used in) provided by financing activities (18.0) 21.1
Net increase in cash and cash equivalents 28.8 138.8
Cash and cash equivalents at beginning of period 168.0 0.0
CASH AND CASH EQUIVALENTS AT END OF PERIOD 196.8 138.8
Non-cash investing and financing activities:    
Non-cash Other accrued expenses [1] (2.8) 0.0
Non-cash Changes in other liabilities [1] (4.0) 0.0
Non-cash Other, net [1] 6.8 0.0
Non-cash settlements with Parent $ 0.0 $ 29.4
[1] Includes non-cash adjustments associated with the assumption of leases related to our production facility in Mexico.