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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities:    
Net income attributable to common shareholders $ 105.7 $ 105.0
Depreciation and amortization 28.6 28.6
Stock-based compensation expense 6.3 5.9
Defined benefit plans and postretirement credit 5.3 (2.7)
Deferred income taxes (0.1) (0.9)
Cash used for operating working capital (215.0) (183.7)
Defined benefit plans and postretirement contributions (1.8) (2.8)
Environmental payments, net of reimbursements (1.3) (1.3)
Asbestos related payments, net of insurance recoveries 0.0 (7.5)
Other 1.5 3.9
Total used for operating activities (70.8) (55.5)
Investing activities:    
Proceeds from disposition of capital assets 0.1 0.0
Capital expenditures (12.9) (13.0)
Total used for investing activities (12.8) (13.0)
Financing activities:    
Dividends paid (26.6) (26.7)
Reacquisition of shares on open market 0.0 (175.8)
Stock options exercised, net of shares reacquired 12.8 0.7
Debt issuance costs (4.0) 0.0
Net borrowings from issuance of commercial paper with maturities of 90 days or less 0.0 104.0
Proceeds from term loan 350.0 0.0
Repayment of term loan (400.0) 0.0
Total used for financing activities (67.8) (97.8)
Effect of exchange rates on cash and cash equivalents 4.0 (5.1)
Decrease in cash and cash equivalents (147.4) (171.4)
Cash and cash equivalents at beginning of period 657.6 478.6
Cash and cash equivalents at end of period 510.2 307.2
Detail of cash used for operating working capital:    
Accounts receivable (22.4) (52.0)
Inventories (50.3) (35.2)
Other current assets (16.5) (5.9)
Accounts payable (40.7) (9.3)
Accrued liabilities (69.9) (100.1)
U.S. and foreign taxes on income (15.2) 18.8
Total (215.0) (183.7)
Supplemental disclosure of cash flow information:    
Interest paid 14.3 7.4
Income taxes paid $ 42.3 $ 13.7