XML 13 R6.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income $ 42.4 $ 86.5
Reconciliation to net cash (used for) provided by operating activities:    
Depreciation and amortization 60.6 62.0
Amortization related to financing 0.1 0.2
Deferred income taxes (2.7) (3.0)
Stock-based compensation 12.4 16.4
Restructuring expenses, net of payments 23.1 0.2
Debt Extinguishment costs 0.4 0.0
Loss on divestiture of assets 1.1 0.0
Changes in assets and liabilities:    
Increase in accounts receivable (44.2) (50.4)
Decrease (increase) in inventories 7.2 (21.8)
Increase in prepaid expenses and other current assets (19.5) (28.2)
Decrease in accounts payable/accrued liabilities (68.0) (17.9)
Other – net (18.1) (6.8)
Net cash (used for) provided by operating activities (5.2) 37.2
Cash flows from investing activities    
Capital expenditures (41.4) (51.6)
Payments on divestiture of assets (1.1) 0.0
Net cash used for investing activities (42.5) (51.6)
Cash flows from financing activities    
Borrowing from senior unsecured credit facility - 2028 160.0 95.0
Repayment of senior unsecured credit facility - 2028 (30.0) 0.0
Redemption of 4.7% senior notes due 2025 (300.0) 0.0
Proceeds from issuance of 5.875% senior notes due 2035 300.0 0.0
Repurchases of common stock (100.9) (201.8)
Repayment of finance lease obligation and other debt, net (3.9) 0.1
Dividends paid (27.5) (25.0)
Activity under stock plans (1.8) (4.3)
Net cash used for financing activities (4.1) (136.0)
Effect of exchange rate changes on cash and cash equivalents 3.6 (1.2)
Net decrease in cash and cash equivalents (48.2) (151.6)
Cash and cash equivalents at beginning of period 125.4 227.0
Cash and cash equivalents at end of period 77.2 75.4
Supplemental data:    
Accrual basis additions to plant, property, and equipment $ 31.8 $ 41.1