Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
Sep. 30, 2025	Sep. 30, 2024
Net income	$ 55.6	$ 48.7
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	342.0	354.3
Impairment charges	8.0	12.0
Deferred income taxes	(21.3)	(21.2)
Stock-based compensation	12.0	11.7
Pensions and other postretirement benefits, net of contributions	(4.4)	(7.0)
Loss on disposal of property, plant and equipment, net	1.3	5.3
Loss on equity securities	0.0	0.1
Gain on Business Combination Derivative	(52.2)	0.0
Debt refinancing and redemption costs	3.3	0.5
Changes in operating assets and liabilities
Accounts receivable	(140.3)	(106.1)
Inventories	17.9	7.9
Accounts payable and accrued expenses	134.4	45.0
Deferred revenue	0.5	(28.3)
Other assets and liabilities	(65.7)	(18.7)
Net cash provided by operating activities	291.1	304.2
Investing activities
Purchases of property, plant and equipment	(190.7)	(170.0)
Proceeds from sale of property, plant and equipment	5.3	3.6
Proceeds from government grants	0.0	2.0
Proceeds from sale of business, net	58.1	0.0
Proceeds from disposition of affiliates	30.1	0.0
Acquisition of business, net of cash acquired	(1.9)	(6.7)
Proceeds from sale of equity securities	0.0	0.8
Other investing activities	(9.2)	(3.9)
Net cash used in investing activities	(108.3)	(174.2)
Financing activities
Proceeds from issuance of long-term debt	8.7	7.0
Payments of long-term debt	(14.7)	(99.2)
Debt issuance costs	(11.6)	(1.7)
Purchase of treasury stock	(2.7)	(2.8)
Other financing activities	(15.2)	(9.3)
Net cash used in financing activities	(35.5)	(106.0)
Effect of exchange rate changes on cash	13.9	(1.4)
Net increase in cash and cash equivalents	161.2	22.6
Cash and cash equivalents at beginning of period	552.9	519.9
Cash and cash equivalents at end of period	714.1	542.5
Supplemental cash flow information
Interest paid	117.6	138.2
Income taxes paid, net	$ 39.6	$ 31.7

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.