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CONSOLIDATED AND COMBINED CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities:    
Net income attributable to common shareholders $ 138.8 $ 142.9
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization 59.0 59.3
Stock-based compensation expense 7.4 6.8
Deferred income taxes 4.8 13.0
Cash (used for) provided by operating working capital (12.2) 4.5
Other 0.0 4.4
Total provided by operating activities 197.8 230.9
Investing activities:    
Capital expenditures (16.1) (12.2)
Total used for investing activities (16.1) (12.2)
Financing activities:    
Dividends paid (15.8) 0.0
Stock options exercised, net of shares reacquired 2.1 0.0
Debt issuance costs (5.3) 0.0
Repayment of long-term debt (300.0) 0.0
Proceeds from revolving credit facility 20.0 0.0
Repayment of revolving credit facility (20.0) 0.0
Proceeds from term loan 350.0 0.0
Repayment of term loan (175.0) 0.0
Net transfers to Crane (32.5) (88.6)
Total used for financing activities (176.5) (88.6)
Effect of exchange rates on cash and cash equivalents (6.9) (35.0)
(Decrease) increase in cash and cash equivalents (1.7) 95.1
Cash and cash equivalents at beginning of period 230.7 101.2
Cash and cash equivalents at end of period 229.0 196.3
Detail of cash (used for) provided by operating working capital:    
Accounts receivable 23.8 (12.4)
Inventories (13.2) (5.8)
Other current assets (5.7) (1.2)
Accounts payable 4.5 5.8
Accrued liabilities (27.7) 9.1
U.S. and foreign taxes on income 6.1 9.0
Total (12.2) 4.5
Supplemental disclosure of cash flow information:    
Interest paid 35.6 27.9
Income taxes paid $ 37.7 $ 48.4