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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from Operating Activities    
Net income $ 183.0 $ 164.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 60.2 46.9
Deferred income taxes (3.0) 0.6
Stock-based compensation 14.4 14.4
Loss on sale of assets 0.5 0.2
Changes in assets and liabilities, excluding effects of acquisitions:    
Increase in accounts receivable, net (117.8) (142.7)
(Increase) decrease in inventories, net (61.2) 7.7
Increase (decrease) in accounts payable 43.3 (1.1)
Decrease in current liabilities (25.7) (22.7)
Changes in other assets and liabilities, net (6.5) (11.1)
Contribution to qualified defined benefit pension plans 0.0 (20.0)
Other, net (0.6) 0.7
Net cash provided by operating activities 86.6 37.4
Cash Flows from Investing Activities    
Capital expenditures (40.6) (26.0)
Acquisitions, net of cash acquired 2.4 (73.3)
Purchases of available-for-sale investments (5.1) (3.9)
Proceeds from available-for-sale investments 1.4 3.9
Other, net 0.6 0.0
Net cash used in investing activities (41.3) (99.3)
Cash Flows from Financing Activities    
Borrowing of short-term debt, net 246.9 291.3
Payment of dividends (75.4) (70.7)
Acquisition of common shares (167.5) (125.0)
Other, net (27.4) (20.6)
Net cash (used in) provided by financing activities (23.4) 75.0
Effect of exchange rate changes on cash and cash equivalents (2.7) 4.1
Increase in cash and cash equivalents 19.2 17.2
Cash and cash equivalents, beginning of year 482.5 329.1
Restricted cash, included in other assets, beginning of year 1.8 2.5
Less: Restricted cash, included in Other Assets 1.9 1.9
Cash and cash equivalents, end of period $ 501.6 $ 346.9