XML 23 R6.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating activities      
Net income $ 653.8 $ 625.4 $ 622.7
(Income) loss from discontinued operations, net of tax (4.3) 0.2 0.2
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities of continuing operations      
Equity income of unconsolidated subsidiaries (1.0) (1.9) (2.8)
Depreciation 59.6 60.3 59.5
Amortization 58.1 54.3 55.3
Deferred income taxes (4.3) (11.4) (92.5)
Loss on sale of business 26.3 0.0 0.0
Share-based compensation 37.0 39.7 29.1
Asset impairment and write-offs 49.1 17.6 7.9
Pension and other post-retirement expense 6.9 0.1 12.1
Pension and other post-retirement contributions (10.6) (12.0) (8.7)
Gain on sale of assets 0.0 0.0 (3.4)
Changes in assets and liabilities, net of effects of business acquisitions      
Accounts receivable (93.1) (11.2) (24.4)
Inventories (36.9) 53.6 109.6
Other current assets (0.7) 14.1 (29.1)
Accounts payable 20.5 (3.7) (75.1)
Employee compensation and benefits (3.7) (5.0) 17.2
Other current liabilities 26.1 (48.7) (59.5)
Other non-current assets and liabilities 32.0 (4.5) 2.7
Net cash provided by operating activities of continuing operations 814.8 766.9 620.8
Net cash used for operating activities of discontinued operations 0.0 (0.2) (1.6)
Net cash provided by operating activities 814.8 766.7 619.2
Investing activities      
Capital expenditures (68.8) (74.4) (76.0)
Purchase of investments (18.0) 0.0 0.0
Proceeds from sale of property and equipment 2.4 0.6 5.6
Payments upon the settlement of net investment hedges (28.9) (5.8) (18.5)
Acquisitions, net of cash acquired (292.1) (108.0) (0.6)
Other 0.9 0.0 4.1
Net cash used for investing activities (404.5) (187.6) (85.4)
Financing activities      
Net (repayments) receipts of short-term borrowings (9.3) 9.3 0.0
Net borrowings (repayments) of revolving long-term debt 268.2 9.5 (320.0)
Repayments of long-term debt (269.3) (362.5) (12.5)
Debt issuance costs (2.2) 0.0 0.0
Shares issued to employees, net of shares withheld (0.6) 18.4 9.6
Repurchases of ordinary shares (225.0) (150.0) 0.0
Dividends paid (164.3) (152.3) (145.2)
Payments upon the settlement of cross currency swaps 0.0 (9.1) 0.0
Net cash used for financing activities (402.5) (636.7) (468.1)
Effect of exchange rate changes on cash and cash equivalents (24.9) 6.0 (4.3)
Change in cash and cash equivalents (17.1) (51.6) 61.4
Cash and cash equivalents, beginning of year 118.7 170.3 108.9
Cash and cash equivalents, end of year 101.6 118.7 170.3
Supplemental disclosure of cash flow information:      
Cash paid for interest, net 79.8 145.6 146.4
Cash paid for income taxes, net $ 86.9 $ 121.0 $ 120.0