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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities:    
Net income from continuing operations attributable to common shareholders $ 154.4 $ 131.8
Non-cash loss on divestiture of asbestos-related assets and liabilities 0.0 148.9
Gain on sale of business 0.0 (232.5)
Depreciation and amortization, including deferred financing costs 29.0 30.2
Stock-based compensation expense 21.9 15.6
Defined benefit plans and postretirement cost (credit) 7.0 (8.8)
Deferred income taxes 2.5 1.5
Cash used for operating working capital (165.4) (113.8)
Defined benefit plans and postretirement contributions (16.1) (16.7)
Environmental payments, net of reimbursements (3.0) (5.4)
Asbestos related payments, net of insurance recoveries 0.0 (29.3)
Divestiture of asbestos-related assets and liabilities 0.0 (550.0)
Other 3.6 20.0
Total provided by (used for) operating activities from continuing operations 33.9 (608.5)
Investing activities:    
Capital expenditures (29.7) (24.5)
Proceeds from sale of business 0.0 318.1
Other investing activities 0.6 0.0
Total (used for) provided by investing activities from continuing operations (29.1) 293.6
Financing activities:    
Dividends paid (47.0) (79.5)
Reacquisition of shares on open market 0.0 (203.7)
Stock options exercised, net of shares reacquired 15.7 3.1
Debt issuance costs (7.5) 0.0
Proceeds from term facility 300.0 0.0
Proceeds from term facility of discontinued operations 350.0 399.4
Repayment of term loans (448.8) 0.0
Distribution of Crane NXT, Co. 578.1 0.0
Total (used for) provided by financing activities from continuing and discontinued operations (415.7) 119.3
Discontinued Operations:    
Total provided by operating activities 34.6 230.5
Total used for investing activities (4.1) (12.2)
Increase in cash and cash equivalents from discontinued operations 30.5 218.3
Effect of exchange rates on cash and cash equivalents (3.4) (62.7)
Decrease in cash and cash equivalents (383.8) (40.0)
Cash and cash equivalents at beginning of period including discontinued operations (Note 2) 657.6 478.6
Cash and cash equivalents at end of period 273.8 438.6
Less: Cash and cash equivalents of discontinued operations 0.0 196.3
Cash and cash equivalents at end of period 273.8 242.3
Detail of cash used for operating working capital from continuing operations:    
Accounts receivable (2.8) (61.9)
Inventories (58.0) (55.6)
Other current assets (28.7) (9.7)
Accounts payable (27.3) 11.2
Accrued liabilities (14.2) (31.1)
U.S. and foreign taxes on income (34.4) 33.3
Total (165.4) (113.8)
Supplemental disclosure of cash flow information:    
Interest paid 22.2 29.9
Income taxes paid $ 88.1 $ 118.1