XML 17 R5.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities    
Net income $ 459.0 $ 414.7
Loss from discontinued operations, net of tax 0.2 0.1
Adjustments to reconcile net income from continuing operations to net cash provided by (used for) operating activities    
Equity income of unconsolidated subsidiaries (1.7) (2.1)
Depreciation 45.3 44.3
Amortization 40.4 41.5
Deferred income taxes 3.6 (45.0)
Share-based compensation 26.3 21.3
Asset impairment and write-offs 9.3 6.2
Gain on sale of assets 0.0 (3.4)
Changes in assets and liabilities, net of effects of business acquisitions    
Accounts receivable 66.2 23.9
Inventories 30.1 67.8
Other current assets 5.0 (14.7)
Accounts payable 7.3 (63.8)
Employee compensation and benefits (8.0) 11.7
Other current liabilities (19.7) (0.2)
Other non-current assets and liabilities 17.1 0.0
Net cash provided by operating activities of continuing operations 680.4 502.3
Net cash used for operating activities of discontinued operations (0.2) (1.6)
Net cash provided by operating activities 680.2 500.7
Investing activities    
Capital expenditures (51.7) (54.8)
Proceeds from sale of property and equipment 0.4 5.4
Payments upon the settlement of net investment hedges (16.4) 0.0
Acquisitions, net of cash acquired 0.0 (0.6)
Other (0.5) 4.1
Net cash used for investing activities (68.2) (45.9)
Financing activities    
Net repayments of revolving long-term debt 0.0 (320.0)
Repayments of long-term debt (362.5) (6.3)
Shares issued to employees, net of shares withheld 16.8 9.0
Repurchases of ordinary shares (100.0) 0.0
Dividends paid (114.3) (108.9)
Net cash used for financing activities (560.0) (426.2)
Effect of exchange rate changes on cash and cash equivalents (4.2) (0.5)
Change in cash and cash equivalents 47.8 28.1
Cash and cash equivalents, beginning of period 170.3 108.9
Cash and cash equivalents, end of period $ 218.1 $ 137.0