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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES      
Net income $ 185.6 $ 171.3 $ 170.4
Adjustments to reconcile net income to operating cash flows:      
Depreciation and amortization 24.8 21.5 21.6
Deferred income taxes (7.7) (10.0) (12.7)
Equity in income of investees, net of dividends (2.5) (7.8) 0.4
Share-based compensation 11.9 7.2 0.0
Foreign currency remeasurement and transaction exposure (3.6) (4.5) (1.9)
Changes in current assets and liabilities:      
Trade and other receivables (16.8) (10.1) (18.3)
Inventories (25.4) (4.3) (9.7)
Prepaid expenses and other current assets (20.0) (8.9) (6.1)
Accounts payable (39.3) 4.4 18.5
Other accrued expenses (1.8) 30.2 0.8
Changes in other liabilities 5.2 0.3 (5.7)
Other, net (5.0) (0.3) 8.4
Net cash provided by operating activities 105.4 189.0 165.7
CASH USED IN INVESTING ACTIVITIES      
Capital expenditures (48.6) (45.8) (37.5)
Net cash used in investing activities (48.6) (45.8) (37.5)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES      
Long-term debt proceeds 0.0 650.0 0.0
Payments on long-term debt (7.5) (50.0) 0.0
Repurchases of Common stock (20.0) 0.0 0.0
Dividends paid (8.3) 0.0 0.0
Net transfers to Parent 0.0 (579.5) (128.2)
Other, net 0.0 4.3 0.0
Net cash (used in) provided by financing activities (35.8) 24.8 (128.2)
Effect of exchange rate changes on cash and cash equivalents (4.7) 0.0 0.0
Net increase in cash and cash equivalents 16.3 168.0 0.0
Cash and cash equivalents at beginning of period 168.0 0.0 0.0
CASH AND CASH EQUIVALENTS AT END OF PERIOD 184.3 168.0 0.0
Non-cash investing and financing activities:      
Non-cash settlements with Parent 0.0 29.4 0.0
Non-cash Capital expenditures $ 0.0 $ (1.5) $ (4.1)