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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities    
Net income $ 66.4 $ 122.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 138.8 134.3
Cloud-based enterprise resource planning system impairment 71.6 0.0
Share-based compensation expense 6.9 12.5
Changes in assets and liabilities:    
Increase in accounts receivable (66.4) (65.7)
Increase in inventories (25.4) (30.2)
Decrease in accounts payable (43.5) (5.7)
Increase (decrease) in restructuring obligations 4.1 (19.1)
Decrease in environmental obligations (1.5) (6.6)
Environmental insurance recovery 34.0 0.0
(Decrease) increase in incentive accruals (33.0) 23.1
Accrued expenses and other assets and liabilities, net (18.2) (30.6)
Net cash provided by operating activities 133.8 134.2
Investing activities    
Capital expenditures (64.2) (80.8)
Proceeds from plant closures 0.0 3.4
Other investing activities 0.0 (2.1)
Net cash used by investing activities (64.2) (79.5)
Financing activities    
Proceeds from long-term borrowings 0.0 650.0
Payments on long-term borrowings (100.2) (659.1)
Cash dividends paid (74.1) (70.5)
Debt financing costs (3.9) (9.6)
Other financing activities (3.5) (4.6)
Net cash used by financing activities (181.7) (93.8)
Effect of exchange rate changes on cash 13.2 (1.0)
Decrease in cash and cash equivalents (98.9) (40.1)
Cash and cash equivalents at beginning of year 544.5 545.8
Cash and cash equivalents at end of period $ 445.6 $ 505.7