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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Operating activities from continuing operations:      
Net income from continuing operations attributable to common shareholders $ 94.7 $ 103.4  
Gain on sale of property 0.0 (12.8)  
Depreciation and amortization 28.6 30.6  
Stock-based compensation expense 5.9 6.2  
Defined benefit plans and postretirement credit (2.7) (1.7)  
Deferred income taxes (0.9) 0.3  
Cash used for operating working capital (167.1) (51.5)  
Defined benefit plans and postretirement contributions (2.8) (15.8)  
Environmental payments, net of reimbursements (1.3) (1.5)  
Asbestos related payments, net of insurance recoveries (7.5) (10.8)  
Other 3.8 1.2  
Total (used for) provided by operating activities from continuing operations (49.3) 47.6  
Investing activities from continuing operations:      
Proceeds from disposition of capital assets 0.0 14.5  
Capital expenditures (12.5) (4.7)  
Purchase of marketable securities 0.0 (10.0)  
Proceeds from sale of marketable securities 0.0 30.0  
Total (used for) provided by investing activities from continuing operations (12.5) 29.8  
Financing activities from continuing operations:      
Dividends paid (26.7) (25.0)  
Reacquisition of shares on open market (175.8) 0.0  
Stock options exercised, net of shares reacquired 0.7 7.3  
Repayments of commercial paper with maturities greater than 90 days 0.0 (27.1)  
Net borrowings from issuance of commercial paper with maturities of 90 days or less 104.0 0.0  
Total used for financing activities from continuing operations (97.8) (44.8)  
Discontinued operations:      
Total (used for) provided by operating activities (6.2) 2.6  
Total used for investing activities (0.5) (0.3)  
(Decrease) increase in cash and cash equivalents from discontinued operations (6.7) 2.3  
Effect of exchange rates on cash and cash equivalents (5.1) (7.5)  
(Decrease) increase in cash and cash equivalents (171.4) 27.4  
Cash and cash equivalents at beginning of period 478.6 551.0 $ 551.0
Cash and cash equivalents at end of period 307.2 578.4 $ 478.6
Detail of cash used for operating working capital from continuing operations:      
Accounts receivable (41.9) (48.9)  
Inventories (32.5) (1.7)  
Other current assets (5.6) (18.5)  
Accounts payable (11.2) 13.3  
Accrued liabilities (94.7) (18.4)  
U.S. and foreign taxes on income 18.8 22.7  
Total (167.1) (51.5)  
Supplemental disclosure of cash flow information:      
Interest paid 7.4 9.9  
Income taxes paid $ 13.7 $ 5.7