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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Activities    
Net Income $ 105.9 $ 91.4
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 58.9 55.1
Loss (gain) on sale of assets 0.1 (1.0)
Deferred income tax expense 2.0 0.0
Stock-based compensation expense 7.6 7.5
Pension and other postretirement expense 1.3 1.8
Pension and other postretirement benefit contributions and payments (10.8) (23.8)
Changes in operating assets and liabilities:    
Accounts receivable (112.8) (70.8)
Unbilled receivables (18.2) (18.2)
Inventories (12.5) 15.3
Accounts payable, trade 31.1 20.2
Other accrued expenses (18.5) (16.0)
Income taxes 14.0 3.5
Other, net (8.8) (6.4)
Net Cash Provided by Operating Activities 39.3 58.6
Investing Activities    
Capital expenditures (38.8) (35.2)
Acquisitions, net of cash acquired of $6.9 million (124.3) 0.0
Proceeds from disposal of property, plant and equipment 0.0 1.9
Investments in short-term marketable securities, net 6.1 0.8
Net Cash Used in Investing Activities (157.0) (32.5)
Financing Activities    
Cash dividends paid to shareholders (25.3) (25.1)
Purchase of treasury shares (28.0) (23.1)
Proceeds from exercise of stock options 2.9 0.3
Payments related to tax withholding for stock-based compensation (9.2) (9.5)
Borrowings on accounts receivable facility 135.0 57.0
Payments on accounts receivable facility (35.0) (27.0)
Proceeds from long-term debt 276.5 0.0
Payments on long-term debt (218.9) (1.2)
Short-term debt activity, net 4.1 (2.0)
Net Cash Provided by (Used in) Financing Activities 102.1 (30.6)
Effect of exchange rate changes on cash (4.3) 7.4
(Decrease) Increase in Cash, Cash Equivalents and Restricted Cash (19.9) 2.9
Cash, cash equivalents and restricted cash at beginning of year 365.4 373.6
Cash, Cash Equivalents and Restricted Cash at End of Period $ 345.5 $ 376.5