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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Activities    
Net income (loss) $ 108.5 $ 112.6
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 14.9 12.1
Stock-based compensation expense 10.0 7.8
Inventory and other non-cash charges 18.4 7.0
Changes in operating assets and liabilities (net of effects of acquisitions and divestitures):    
Receivables (144.6) (79.3)
Inventories (54.9) (98.8)
Trade accounts payable 19.4 61.4
Other assets and liabilities (4.4) (17.3)
Foreign exchange and other operating activities, net (1.2) 3.6
Net cash provided by (used in) operating activities (33.9) 9.1
Investing Activities    
Capital expenditures (35.0) (20.3)
Acquisitions, net of cash acquired, and investments (1.8) (10.0)
Other investing activities, net 1.0 0.6
Net cash provided by (used in) investing activities (35.8) (29.7)
Financing Activities    
Repayments of debt (28.0) (118.7)
Proceeds from issuance of debt 127.2 118.8
Share repurchases (2.9) (3.3)
Dividends paid (11.4) (10.2)
Other financing activities, net (13.7) (18.3)
Net cash provided by (used in) financing activities 71.2 (31.7)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (7.3) 2.4
Net Increase (Decrease) in Cash and Cash Equivalents (5.8) (49.9)
Cash and Cash Equivalents at Beginning of Period 370.7 304.1
Cash and Cash Equivalents at End of Period $ 364.9 $ 254.2