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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 57.5 $ 20.4
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities (Net of Acquisitions and Divestitures):    
Depreciation 40.1 41.5
Amortization 85.4 86.7
Loss on Sale of Businesses 0.0 21.5
Noncash Lease Expense 10.9 11.3
Share-Based Compensation Expense 9.5 9.1
Financing Fee Expense 3.3 3.1
Gain on Sale of Assets (6.0) 0.0
Benefit from Deferred Income Taxes (18.5) (30.4)
Other Non-Cash Changes 0.7 1.4
Change in Operating Assets and Liabilities, Net of Acquisitions and Divestitures    
Receivables (0.6) 47.7
Inventories (41.8) (47.8)
Accounts Payable 41.6 14.5
Other Assets and Liabilities (79.8) (95.9)
Net Cash Provided by Operating Activities 102.3 83.1
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to Property, Plant and Equipment (16.8) (18.5)
Proceeds Received from Sales of Property, Plant and Equipment 10.3 1.0
Proceeds Received from Sale of Businesses, Net of Cash Transferred 3.0 0.0
Net Cash Used in Investing Activities (3.5) (17.5)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings Under Revolving Credit Facility 411.5 495.1
Repayments Under Revolving Credit Facility (389.7) (566.8)
Repayments of Long-Term Borrowings (185.9) (65.8)
Dividends Paid to Shareholders (23.2) (23.3)
Shares Surrendered for Taxes (5.6) (10.7)
Proceeds from the Exercise of Stock Options 0.4 3.5
Net Cash Used in Financing Activities (192.5) (168.0)
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS 5.5 (10.5)
Net Decrease in Cash and Cash Equivalents (88.2) (112.9)
Cash and Cash Equivalents at Beginning of Period 393.5 635.3
Cash and Cash Equivalents at End of Period [1] 305.3 522.4
Cash Paid For:    
Interest 76.9 94.8
Income taxes $ 36.8 $ 36.2
[1] The three months ended March 31, 2024 amount includes $57.1 million cash and cash equivalents related to the industrial motors and generators businesses that were divested effective April 30, 2024.