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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash provided (required) by operating activities of continuing operations:    
Net income (loss) $ (516.4) $ 357.7
Discontinued operations, net of income taxes 4.0 16.2
Income (loss) from continuing operations (512.4) 373.9
Adjustments from income from continuing operations to cash provided (required) by operating activities of continuing operations:    
Depreciation and amortization 130.5 133.2
Restructuring and other charges (income) 349.0 158.6
Non-cash commercial actions for India held for sale business 282.2 0.0
Deferred income taxes 106.1 (376.4)
Pension and other postretirement benefits 10.7 14.5
Share-based compensation 17.9 18.1
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:    
Trade receivables, net (311.6) (269.9)
Guarantees of vendor financing (42.8) 8.3
Advance payments from customers (453.8) (481.8)
Accrued customer rebates 342.5 363.5
Inventories (146.6) 301.3
Accounts payable, trade and other (28.2) 206.0
Income taxes (135.4) (71.9)
Pension and other postretirement benefit contributions (2.7) (2.3)
Environmental spending, continuing, net of recoveries (23.8) (22.3)
Restructuring and other spending [1] (81.0) (102.5)
Change in other operating assets and liabilities, net [2] (163.9) 58.5
Cash provided (required) by operating activities of continuing operations (663.3) 308.8
Cash provided (required) by operating activities of discontinued operations:    
Environmental spending, discontinued, net of recoveries (29.4) (32.6)
Other discontinued spending [3] (24.3) (4.6)
Cash provided (required) by operating activities of discontinued operations (53.7) (37.2)
Cash provided (required) by investing activities of continuing operations:    
Capital expenditures (70.3) (46.3)
Acquisitions, including cost and equity method, net (2.1) (4.4)
Proceeds from (disbursements for) the sale of the GSS business (10.8) 0.0
Other investing activities (1.2) (5.2)
Cash provided (required) by investing activities of continuing operations (84.4) (55.9)
Cash provided (required) by financing activities of continuing operations:    
Increase (decrease) in short-term debt 930.3 119.1
Financing fees and premiums [4] (14.6) 0.0
Repayments of long-term debt (500.1) 0.0
Proceeds from borrowing of long-term debt 750.0 0.0
Acquisitions of noncontrolling interests (8.6) 0.0
Distributions to noncontrolling interests (5.0) (0.7)
Issuances of common stock, net 0.2 0.2
Dividends paid [5] (218.4) (217.9)
Other repurchases of common stock (1.7) (2.2)
Cash provided (required) by financing activities of continuing operations 932.1 (101.5)
Effect of exchange rate changes on cash and cash equivalents 9.7 0.1
Increase (decrease) in cash and cash equivalents 140.4 114.3
Cash and cash equivalents, beginning of period 357.3 302.4
Cash and cash equivalents, end of period $ 497.7 $ 416.7
[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] Discontinued operations for the nine months ended September 30, 2024 includes cash proceeds, net of fees of $18.0 million received as the result of an insurance settlement for retained legal reserves.
[4] See Note 9 for more information on the make-whole premium paid in connection with the early redemption of certain debt instruments.
[5] See Note 13 regarding the quarterly cash dividend.