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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities:    
Net income $ 317.0 $ 348.0
Depreciation and amortization 109.5 94.5
Intangible asset impairments 5.7 51.6
Stock-based incentive compensation 19.1 20.4
Deferred income taxes (28.2) (3.7)
Other non-cash adjustments (0.4) 13.9
Changes in operating assets and liabilities (728.4) (1,091.5)
Net cash used in operating activities (305.7) (566.8)
Investing activities:    
Additions to property, plant and equipment (80.9) (139.6)
Acquisition of business, net of cash acquired (0.9) (7.8)
Other investing activities (17.3) (1.9)
Net cash used in investing activities (99.1) (149.3)
Financing activities:    
Proceeds from revolving credit facilities 2,338.0 2,670.5
Repayments of revolving credit facilities (2,301.0) (1,809.0)
Proceeds from issuance of debt 500.0 1.3
Dividends paid (65.7) (60.2)
Repurchases of Common Stock (68.7) (54.6)
Other financing activities (23.2) (15.2)
Net cash provided by financing activities 379.4 732.8
Effect of exchange rate changes on cash and cash equivalents 12.2 (0.7)
Increase (decrease) in cash and cash equivalents (13.2) 16.0
Cash and cash equivalents at beginning of period 204.9 125.4
Cash and cash equivalents at end of period 191.7 141.4
Supplemental disclosures:    
Cash paid for interest 51.0 49.4
Cash paid for income taxes, net of refunds 147.9 325.8
Operating right-of-use assets obtained 24.4 17.5
Finance right-of-use assets obtained 39.6 10.0
Property, plant and equipment additions - noncash $ 11.7 $ 11.3