Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
Jun. 30, 2022	Jun. 30, 2021
Net income	$ 23.9	$ 54.6
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	242.3	285.6
Deferred income taxes	(14.2)	(6.8)
Stock-based compensation	9.1	10.0
Pensions and other postretirement benefits, net of contributions	(4.6)	(5.6)
Loss on sale of business	0.0	2.7
Loss (gain) on disposal of property, plant and equipment, net	(2.2)	1.7
Unrealized loss on equity securities	21.7	0.0
Gain on bargain purchase of business	(11.6)	0.0
Debt refinancing and redemption costs	5.8	2.4
Changes in operating assets and liabilities
Accounts receivable	(147.1)	(8.1)
Inventories	(25.4)	(67.5)
Accounts payable and accrued expenses	145.7	82.8
Deferred revenue	(7.7)	2.3
Other assets and liabilities	(20.5)	(7.9)
Net cash provided by operating activities	215.2	346.2
Investing activities
Purchases of property, plant and equipment	(71.2)	(82.4)
Proceeds from sale of property, plant and equipment	4.2	1.6
Payments for sale of business, net of cash divested	0.0	(0.7)
Acquisition of business, net of cash acquired	(87.6)	(4.9)
Proceeds from insurance claim	4.6	12.1
Other investing activities	(0.2)	0.0
Net cash used in investing activities	(150.2)	(74.3)
Financing activities
Proceeds from issuance of long-term debt	220.7	22.8
Payments of long-term debt	(310.6)	(256.6)
Debt issuance costs	(4.4)	0.0
Purchase of treasury stock	(1.9)	(4.2)
Other financing activities	9.5	(2.2)
Net cash used in financing activities	(86.7)	(240.2)
Effect of exchange rate changes on cash	(7.1)	(1.0)
Net increase (decrease) in cash and cash equivalents	(28.8)	30.7
Cash and cash equivalents at beginning of period	530.2	557.0
Cash and cash equivalents at end of period	501.4	587.7
Supplemental cash flow information
Interest paid	86.5	95.1
Income taxes paid, net	20.5	8.0
Non-cash investing activities: Deferred consideration for acquisition of business	$ 0.0	$ 10.0

The amount of pension and other (such as medical, dental and life insurance) postretirement benefit costs recognized during the period for defined benefit plans (periodic benefit costs include the following components: service cost, interest cost, expected return on plan assets, gain (loss) on assets, prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments), net of contributions made to defined benefit plans during the period.

No definition available.