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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash provided (required) by operating activities of continuing operations:    
Net income (loss) $ (15.6) $ (3.1)
Discontinued operations, net of income taxes 7.0 12.5
Income (loss) from continuing operations (8.6) 9.4
Adjustments from income from continuing operations to cash provided (required) by operating activities of continuing operations:    
Depreciation and amortization 43.7 45.7
Restructuring and other charges (income) 17.8 40.9
Deferred income taxes 18.4 (56.7)
Pension and other postretirement benefits 3.6 5.0
Share-based compensation 4.2 7.5
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:    
Trade receivables, net 19.5 (143.6)
Guarantees of vendor financing (12.1) 10.8
Advance payments from customers (452.0) (393.4)
Accrued customer rebates 77.9 193.2
Inventories (164.9) 127.3
Accounts payable, trade and other 46.1 1.6
Income taxes (48.0) 27.4
Pension and other postretirement benefit contributions (1.3) (0.5)
Environmental spending, continuing, net of recoveries (6.2) (5.2)
Restructuring and other spending [1] (57.2) (42.4)
Change in other operating assets and liabilities, net [2] (25.9) 30.1
Cash provided (required) by operating activities of continuing operations (545.0) (142.9)
Cash provided (required) by operating activities of discontinued operations:    
Environmental spending, discontinued, net of recoveries (5.4) (15.7)
Other discontinued spending (7.9) (5.8)
Cash provided (required) by operating activities of discontinued operations (13.3) (21.5)
Cash provided (required) by investing activities of continuing operations:    
Capital expenditures (31.6) (20.7)
Acquisitions, including cost and equity method, net (0.6) (0.3)
Other investing activities (5.8) (2.7)
Cash provided (required) by investing activities of continuing operations (38.0) (23.7)
Cash provided (required) by financing activities of continuing operations:    
Increase (decrease) in short-term debt 634.9 379.9
Acquisition of noncontrolling interest (7.6) 0.0
Financing fees and interest rate swap settlements (1.3) 0.0
Issuances of common stock, net 0.2 0.0
Dividends paid [3] (72.7) (72.5)
Other repurchases of common stock (1.4) (1.7)
Cash provided (required) by financing activities of continuing operations 552.1 305.7
Effect of exchange rate changes on cash and cash equivalents 2.2 (2.2)
Increase (decrease) in cash and cash equivalents (42.0) 115.4
Cash and cash equivalents, beginning of period 357.3 302.4
Cash and cash equivalents, end of period $ 315.3 $ 417.8
[1] For additional detail on restructuring and other charges activities, see Note 8.
[2] Changes in all periods primarily represent timing of payments associated with all other operating assets and liabilities.
[3] See Note 13 regarding the quarterly cash dividend.