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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net income $ 86.5 $ 85.2
Reconciliation to net cash provided by operating activities:    
Depreciation and amortization 62.0 61.7
Amortization related to financing 0.2 0.4
Deferred income taxes (3.0) (6.7)
Equity in earnings from affiliated companies 0.0 (2.9)
Stock-based compensation 16.4 15.7
Restructuring expenses, net of payments 0.2 (3.6)
Impairment of assets   1.7
Changes in assets and liabilities:    
Increase in accounts receivable (50.4) (33.9)
Increase in inventories (21.8) (36.8)
Increase in prepaid expenses and other current assets (28.2) (7.3)
Decrease in accounts payable/accrued liabilities (17.9) (35.9)
Other – net (6.8) (7.5)
Net cash provided by operating activities 37.2 30.1
Cash flows from investing activities    
Capital expenditures (51.6) (74.8)
Proceeds from sale of investments 0.0 2.5
Net cash used for investing activities (51.6) (72.3)
Cash flows from financing activities    
Issuance costs related to senior unsecured credit facilities 0.0 (2.5)
Repayment of finance lease obligation and other debt, net (201.8) 0.0
Proceeds (repayment) of finance lease obligation and other debt, net 0.1 (0.1)
Dividends paid (25.0) (21.1)
Activity under stock plans (4.3) 2.7
Net cash provided by (used for) financing activities (136.0) 34.0
Effect of exchange rate changes on cash and cash equivalents (1.2) 0.4
Net decrease in cash and cash equivalents (151.6) (7.8)
Cash and cash equivalents at beginning of period 227.0 112.0
Cash and cash equivalents at end of period 75.4 104.2
Supplemental data:    
Accrual basis additions to plant, property, and equipment 41.1 70.5
Senior Unsecured Credit Facility Two Thousand Twenty Eight [Member]    
Cash flows from financing activities    
Proceeds from Long-Term Lines of Credit 95.0 98.0
Repayment of senior unsecured credit facility 0.0 (18.0)
Senior Unsecured Credit Facility Two Thousand Twenty Four [Member]    
Cash flows from financing activities    
Proceeds from Long-Term Lines of Credit 0.0 65.0
Repayment of senior unsecured credit facility $ 0.0 $ (90.0)