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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net income $ 95.4 $ 121.3
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation 18.4 16.2
Amortization of intangible assets 31.5 24.6
Share-based compensation expense 13.6 12.5
Deferred income taxes 0.9 0.2
Changes in (net of the effect from acquisitions/divestitures and foreign currency translation):    
Receivables – net (12.3) (12.2)
Inventories – net (34.9) (9.5)
Other current assets (7.0) (10.9)
Trade accounts payable 9.6 8.9
Deferred revenue 8.8 6.8
Accrued expenses (17.9) (1.5)
Other – net (0.4) 0.2
Net cash flows provided by operating activities 105.7 156.6
Cash flows from investing activities    
Capital expenditures (14.3) (20.0)
Acquisition of business, net of cash acquired 4.2 0.0
Other – net 0.1 0.0
Net cash flows used in investing activities (10.0) (20.0)
Cash flows from financing activities    
Payments under revolving credit facilities (30.2) 0.0
Cash dividends paid to shareholders (52.4) (48.5)
(Payments) proceeds from share issuances, net of shares withheld for taxes (0.5) 7.7
Repurchases of common stock (50.0) 0.0
Other – net (0.2) (0.2)
Net cash flows used in financing activities (133.3) (41.0)
Effect of exchange rate changes on cash and cash equivalents 10.9 (13.6)
Net (decrease) increase in cash and cash equivalents and restricted cash (26.7) 82.0
Cash and cash equivalents at beginning of year [1] 638.9 534.3
Cash and cash equivalents and restricted cash at end of period [1] 612.2 616.3
Cash paid for:    
Interest 15.6 2.4
Income taxes – net $ 19.8 $ 18.4
[1] Includes $18.1 million of restricted cash at March 31, 2025 and December 31, 2024. At March 31, 2025, $16.5 million of the restricted cash has been included in Other current assets and $1.6 million has been included in Other noncurrent assets in the Condensed Consolidated Balance Sheets. At December 31, 2024, $18.1 million was included in Other current assets in the Condensed Consolidated Balance Sheets. There was no restricted cash as of March 31, 2024 or December 31, 2023.