XML 15 R7.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows from Operating Activities:    
Net earnings $ 5.6 $ 39.7
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 21.2 21.6
Deferred income taxes 7.3 7.5
Provision for expected credit losses 1.5 2.6
Share-based compensation 7.6 7.5
Changes in operating assets and liabilities:    
Accounts receivable 245.1 283.9
Other assets (34.9) (62.5)
Accounts payable (265.1) (69.7)
Other liabilities (141.5) (114.6)
Cash provided by operating activities (153.2) 116.0
Cash Flows from Investing Activities:    
Capital expenditures (13.7) (11.8)
Acquisition of businesses, net of cash acquired (1.0) 0.0
Proceeds from the sale of property and equipment 0.1 2.1
Cash used in investing activities (14.6) (9.7)
Cash Flows from Financing Activities:    
Net change in short-term borrowings 50.7 3.7
Net proceeds from revolving debt facility 26.0 0.0
Repayments of long-term debt (0.1) (0.2)
Payments of contingent consideration for acquisitions 0.0 (1.1)
Proceeds from share-based awards 0.0 0.4
Other share-based award transactions (5.9) (10.3)
Repurchases of common stock (25.0) (50.0)
Cash used in financing activities 45.7 (57.5)
Effect of exchange rate changes on cash 7.7 (25.3)
Change in cash and cash equivalents (114.4) 23.5
Cash and cash equivalents, beginning of period 509.4 581.3
Cash and cash equivalents, end of period 395.0 604.8
Supplemental Cash Flow Information:    
Interest paid 16.1 14.4
Income taxes paid, net 26.2 35.8
Operating lease liabilities 32.1 30.5
Non-cash operating activity:    
Right-of-use assets obtained in exchange for new operating lease liabilities $ 27.4 $ 21.5