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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities:    
Net income attributable to common shareholders $ 136.4 $ 151.3
Less: Income from discontinued operations, net of tax 0.0 52.1
Net income from continuing operations attributable to common shareholders 136.4 99.2
Depreciation and amortization 26.7 19.0
Stock-based compensation expense 13.5 14.0
Defined benefit plans and postretirement cost 1.9 4.8
Deferred income taxes 0.0 (3.7)
Cash used for operating working capital (186.4) (183.3)
Defined benefit plans and postretirement contributions (6.0) (5.7)
Environmental payments, net of reimbursements (2.8) (1.9)
Other (1.2) 4.6
Total used for operating activities from continuing operations (17.9) (53.0)
Investing activities:    
Payment for acquisitions - net of cash acquired (166.3) 0.0
Capital expenditures (16.5) (20.5)
Other investing activities 5.7 (0.3)
Total used for investing activities from continuing operations (177.1) (20.8)
Financing activities:    
Dividends paid (23.4) (36.8)
Net (payments) proceeds related to employee stock plans (5.1) 13.7
Debt issuance costs 0.0 (7.5)
Proceeds from long-term debt 190.0 300.0
Proceeds from term facility of discontinued operations 0.0 350.0
Repayments of long-term debt (61.9) (436.9)
Distribution of Crane NXT, Co. 0.0 (578.1)
Total provided by (used for) financing activities from continuing and discontinued operations 99.6 (395.6)
Discontinued Operations:    
Total provided by operating activities 0.0 34.6
Total used for investing activities 0.0 (4.1)
Increase in cash and cash equivalents from discontinued operations 0.0 30.5
Effect of exchange rates on cash and cash equivalents (4.9) 0.2
Decrease in cash and cash equivalents (100.3) (438.7)
Cash and cash equivalents at beginning of period 329.6 657.6
Cash and cash equivalents at end of period 229.3 218.9
Detail of cash used for operating working capital from continuing operations:    
Accounts receivable (58.2) (28.1)
Inventories (22.6) (63.9)
Other current assets (11.3) (20.5)
Accounts payable (24.3) (20.6)
Accrued liabilities (46.8) (23.5)
U.S. and foreign taxes on income (23.2) (26.7)
Total (186.4) (183.3)
Supplemental disclosure of cash flow information:    
Interest paid 12.8 10.2
Income taxes paid $ 60.6 $ 58.7