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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities of Continuing Operations    
Net income from continuing operations $ 183.4 $ 103.8
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 35.6 34.7
Deferred income taxes (3.4) (0.4)
Stock-based compensation 11.8 11.0
Provision for bad debt expense 0.1 1.6
Loss on sale of assets 0.1 0.9
Changes in assets and liabilities, excluding effects of acquisitions:    
Increase in accounts receivable, net (36.6) (96.9)
Increase in inventories, net (38.8) (45.2)
Increase in accounts payable 20.5 19.4
Decrease in current liabilities (54.4) (42.9)
Changes in other assets and liabilities, net (3.2) 1.0
Contribution to qualified defined benefit pension plans 0.0 0.0
Other, net (1.4) (1.4)
Net cash provided by (used in) operating activities from Continuing Operations 113.7 (14.4)
Cash Flows from Investing Activities of Continuing Operations    
Capital expenditures (33.4) (21.4)
Acquisitions, net of cash acquired 0.0 0.0
Proceeds from disposal of business, net of cash 0.0 348.6
Purchases of available-for-sale investments (6.4) (15.2)
Proceeds from available-for-sale investments 4.7 5.8
Other, net 0.0 0.1
Net cash (used in) provided by investing activities from Continuing Operations (35.1) 317.9
Cash Flows from Financing Activities of Continuing Operations    
Borrowings (payments) of short-term debt, net 0.1 (1.9)
Payment of dividends (60.0) (56.9)
Acquisition of common shares (20.0) (144.0)
Other, net (11.9) (7.6)
Net cash used in financing activities from Continuing Operations (91.8) (210.4)
Cash Flows from Discontinued Operations:    
Cash used in operating activities 0.0 (22.1)
Cash used in investing activities 0.0 (1.7)
Cash used in discontinued operations 0.0 (23.8)
Effect of exchange rate changes on cash and cash equivalents 2.7 3.2
(Decrease) increase in cash and cash equivalents (10.5) 72.5
Cash and cash equivalents, beginning of year 440.5 286.2
Cash and cash equivalents within assets held for sale, beginning of year 0.0 0.7
Restricted cash, included in other assets, beginning of year 2.8 2.7
Less: Restricted cash, included in Other Assets 3.0 3.1
Cash and cash equivalents, end of period $ 429.8 $ 359.0