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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Net income $ 2.9 $ 23.9
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 245.4 242.3
Deferred income taxes (21.0) (14.2)
Stock-based compensation 6.8 9.1
Pensions and other postretirement benefits, net of contributions (7.0) (4.6)
Loss (gain) on disposal of property, plant and equipment, net 3.2 (2.2)
Unrealized loss on equity securities 0.0 21.7
Gain on bargain purchase of business 0.0 (11.6)
Debt refinancing and redemption costs 0.0 5.8
Changes in operating assets and liabilities    
Accounts receivable (97.4) (147.1)
Inventories (7.9) (25.4)
Accounts payable and accrued expenses 99.2 145.7
Deferred revenue (17.2) (7.7)
Other assets and liabilities (42.1) (20.5)
Net cash provided by operating activities 164.9 215.2
Investing activities    
Purchases of property, plant and equipment (90.7) (71.2)
Proceeds from sale of property, plant and equipment 0.4 4.2
Acquisition of business, net of cash acquired (1.3) (87.6)
Proceeds from insurance claim 17.0 4.6
Other investing activities (3.3) (0.2)
Net cash used in investing activities (77.9) (150.2)
Financing activities    
Payments of Revolving Credit Facility (25.0) 0.0
Proceeds from issuance of long-term debt 33.9 220.7
Payments of long-term debt (71.2) (310.6)
Debt issuance costs (3.1) (4.4)
Purchase of treasury stock (14.7) (1.9)
Other financing activities (7.3) 9.5
Net cash used in financing activities (87.4) (86.7)
Effect of exchange rate changes on cash 0.0 (7.1)
Net decrease in cash and cash equivalents (0.4) (28.8)
Cash and cash equivalents at beginning of period 511.5 530.2
Cash and cash equivalents at end of period 511.1 501.4
Supplemental cash flow information    
     Interest paid 88.8 86.5
     Income taxes paid, net $ 40.6 $ 20.5