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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 (Loss) $ 125.8 $ 107.5
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 49.8 43.1
Deferred income taxes (1.8) (1.0)
Share-based compensation 8.7 7.9
Equity earnings from unconsolidated affiliates (53.5) (45.7)
Loss related to change in fair value of contingent consideration 0.4 0.0
Payment of contingent consideration in excess of acquisition-date fair value 0.0 (5.0)
Other non-cash adjustments, net 0.0 (0.1)
Changes in operating assets and liabilities:    
Receivables (29.5) (10.5)
Inventories (2.0) 0.9
Accounts payable and accrued expenses (5.7) (1.3)
Income taxes receivable and payable, net (1.0) 4.6
Other assets and liabilities (7.5) (6.5)
Net cash provided by operating activities 83.7 93.9
Cash flows from investing activities:    
Purchases of property, plant and equipment (34.6) (41.5)
Return of investment from joint venture 46.2 44.6
Cash paid for acquisitions, net of cash acquired (93.9) (10.0)
Investment in unconsolidated affiliate (5.5) 0.0
Proceeds from the sale of assets 2.1 0.0
Proceeds from company owned life insurance, net 4.3 0.9
Net cash used for investing activities (81.4) (6.0)
Cash flows from financing activities:    
Proceeds from revolving credit facility 138.0 30.0
Payments of revolving credit facility (70.0) (30.0)
Payments of long-term debt (11.3) 0.0
Payments for finance leases (1.5) (1.2)
Dividends paid (24.9) (23.1)
Payments from share-based compensation plans, net of tax (4.2) (1.1)
Payment of acquisition-related contingent consideration 0.0 (10.2)
Payments for treasury stock acquired (25.0) (57.0)
Net cash provided by (used for) financing activities 1.1 (92.6)
Effect of exchange rate changes on cash and cash equivalents (0.6) 0.3
Net increase (decrease) in cash and cash equivalents 2.8 (4.4)
Cash and cash equivalents at beginning of year 70.8 106.0
Cash and cash equivalents at end of period 73.6 101.6
Supplemental Cash Flow Disclosures:    
Interest paid 19.0 17.3
Income tax payments, net 44.3 32.8
Amounts in accounts payable for capital expenditures $ 2.1 $ 1.7