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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net income $ 270.5 $ 260.7
Loss from discontinued operations, net of tax 1.0 3.0
Adjustments to reconcile net income from continuing operations to net cash provided by (used for) operating activities of continuing operations    
Equity income of unconsolidated subsidiaries (0.9) (0.1)
Depreciation 26.5 25.5
Amortization 12.9 13.4
Deferred income taxes (16.9) (4.3)
Share-based compensation 13.2 16.6
Amortization of Bridge Financing Fees 7.7 0.0
(Gain) loss on sale of assets (2.3) 0.5
Changes in assets and liabilities, net of effects of business acquisitions    
Accounts receivable 31.4 (49.8)
Inventories (144.1) (31.9)
Other current assets (31.7) (10.5)
Accounts payable (10.0) 51.3
Employee compensation and benefits (35.7) 9.4
Other current liabilities 60.4 78.7
Other non-current assets and liabilities (5.7) (1.5)
Net cash provided by operating activities of continuing operations 176.3 361.0
Net cash used for operating activities of discontinued operations (1.0) (0.2)
Net cash provided by operating activities 175.3 360.8
Investing activities    
Capital expenditures (40.1) (24.3)
Proceeds from sale of property and equipment 2.9 3.5
Acquisitions, net of cash acquired (1.4) (82.8)
Settlement of net investment hedges 8.8 0.0
Other 0.0 2.7
Net cash used for investing activities (29.8) (100.9)
Financing activities    
Net borrowings of revolving long-term debt 19.8 (20.0)
Repayments of long-term debt 0.0 (103.8)
Debt issuance costs (8.9) 0.0
Shares issued to employees, net of shares withheld (5.4) 4.0
Repurchases of ordinary shares (50.0) (50.0)
Dividends paid (69.5) (66.7)
Receipts upon the maturity of cross currency swaps 0.2  
Payments upon the maturity of cross currency swaps   (14.7)
Net cash used for financing activities (113.8) (251.2)
Effect of exchange rate changes on cash and cash equivalents 8.9 5.1
Change in cash and cash equivalents 40.6 13.8
Cash and cash equivalents, beginning of period 94.5 82.1
Cash and cash equivalents, end of period $ 135.1 $ 95.9