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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income (loss) $ 323.1 $ (200.9)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation 124.6 128.5
Amortization of intangibles 31.0 45.6
Stock compensation expense 17.9 16.1
Impairment charges 7.9 5.1
Loss on sale of business 12.3 494.6
Equity in net earnings of affiliates, net of cash received (23.1) (25.1)
Deferred income tax benefit (301.3) (25.2)
Other 14.0 19.4
Changes in operating assets and liabilities:    
Accounts and notes receivable, net 107.5 (123.3)
Inventories, net (146.5) (373.3)
Other current and noncurrent assets (70.3) (62.1)
Accounts payable 176.1 59.8
Accrued expenses (244.5) (178.5)
Other current and noncurrent liabilities 124.8 84.8
Total adjustments (169.6) 66.4
Net cash provided by (used in) operating activities 153.5 (134.5)
Cash flows from investing activities:    
Purchases of property, plant and equipment (90.4) (193.0)
Proceeds from sale of property, plant and equipment 1.1 1.3
Purchase of businesses, net of cash acquired 0.0 (1,902.2)
Proceeds from sale of business (12.3) 0.0
Investments in unconsolidated affiliates, net (1.2) (0.2)
Other (5.3) (0.1)
Net cash used in investing activities (108.1) (2,094.2)
Cash flows from financing activities:    
Proceeds from indebtedness 518.0 2,585.4
Repayments of indebtedness (367.5) (1.7)
Payment of dividends to stockholders (43.3) (229.9)
Payment of minimum tax withholdings on stock compensation (9.1) (11.3)
Payment of debt issuance costs 0.0 (15.2)
Investments by noncontrolling interests, net 0.0 8.1
Net cash provided by financing activities 98.1 2,335.4
Effects of exchange rate changes on cash, cash equivalents and restricted cash 27.7 (24.9)
Increase in cash, cash equivalents and restricted cash 171.2 81.8
Cash, cash equivalents and restricted cash, beginning of period 612.7 595.5
Cash, cash equivalents and restricted cash, end of period [1] $ 783.9 $ 677.3
[1] Includes $20.0 million of cash and cash equivalents classified as held for sale as of June 30, 2024.