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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash provided by (used in) operating activities:      
Net income (loss) $ 211.6 $ 118.1 $ 181.4
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Depreciation and amortization 108.8 109.9 100.2
Non cash operating lease costs 16.1 17.3 18.0
Deferred income taxes (5.0) (4.6) 16.2
Disposal/impairment of assets 2.5 1.2 0.6
Restructuring and other (income) charges, net 0.0 0.0 1.7
LIFO reserve 10.0 3.5 3.9
Share-based compensation 16.1 12.3 8.4
Pension and other postretirement benefit costs 1.4 1.6 1.9
Other non-cash items 18.4 12.1 15.3
Changes in operating assets and liabilities, net of effect of acquisitions:      
Accounts receivable, net (42.1) (13.8) 2.8
Inventories, net (63.7) (55.8) 22.3
Prepaid and other current assets (0.8) (5.9) 2.1
Planned major maintenance outage (9.1) (8.6) (7.0)
Accounts payable 42.7 14.8 9.4
Accrued expenses 0.8 4.8 13.4
Accrued payroll and employee benefits 5.4 23.1 (3.3)
Income taxes 4.9 (6.2) (9.6)
Litigation verdict charge 0.0 85.0 0.0
Operating leases (18.8) (20.5) (18.5)
Changes in all other operating assets and liabilities, net 13.9 4.7 (6.8)
Net cash provided by (used in) operating activities 313.1 293.0 352.4
Cash provided by (used in) investing activities:      
Capital expenditures (142.5) (103.8) (82.1)
Payments for acquired businesses, net of cash acquired (344.5) 0.0 0.0
Finance lease expenditures 0.0 0.0 (23.8)
Net investment hedge settlement 14.7 0.0 0.0
Purchase of strategic investments (77.4) (35.3) 0.0
Other investing activities, net (4.2) (1.5) (4.7)
Net cash provided by (used in) investing activities (553.9) (140.6) (110.6)
Cash provided by (used in) financing activities:      
Proceeds from revolving credit facility 1,164.7 0.0 346.1
Proceeds from long-term borrowings 0.0 0.0 550.0
Payments on revolving credit facility (336.7) 0.0 (477.3)
Payments on long-term borrowings (628.1) (23.4) (389.1)
Debt issuance costs (3.0) 0.0 (11.0)
Debt repayment costs (3.8) 0.0 0.0
Financing lease obligations, net (0.9) (0.7) 23.1
Borrowings (repayments) of notes payable and other short-term borrowings, net 0.0 (1.9) (4.4)
Tax payments related to withholdings on vested equity awards (2.2) (2.4) (3.2)
Proceeds and withholdings from share-based compensation plans, net 4.1 4.7 3.6
Repurchases of common stock under publicly announced plan (145.2) (109.4) (88.0)
Other financing activities, net (0.8) 0.0 0.0
Net cash provided by (used in) financing activities 48.1 (133.1) (50.2)
Increase (decrease) in cash, cash equivalents, and restricted cash (192.7) 19.3 191.6
Effect of exchange rate changes on cash (6.0) (1.7) 2.2
Change in cash, cash equivalents, and restricted cash (198.7) 17.6 193.8
Cash, cash equivalents, and restricted cash at beginning of period [1] 276.0 258.4 64.6
Cash, cash equivalents, and restricted cash at end of period [1] 77.3 276.0 258.4
Supplemental cash flow information:      
Cash paid for interest, net of capitalized interest 54.8 47.5 39.6
Cash paid for income taxes, net of refunds 54.8 53.7 46.6
Purchases of property, plant and equipment in accounts payable 4.9 9.4 2.7
Leased assets obtained in exchange for new finance lease liabilities 0.0 0.0 23.8
Leased assets obtained in exchange for new operating lease liabilities 23.7 20.5 27.2
Restricted cash and cash equivalents 0.6 0.6 0.7
Cash and cash equivalents $ 76.7 $ 275.4 $ 257.7
[1] (1) Includes restricted cash of $0.6 million, $0.6 million, and $0.7 million and cash and cash equivalents of $76.7 million, $275.4 million, and $257.7 million for the years ended December 31, 2022, 2021, and 2020, respectively. Restricted cash is included within "Prepaid and other current assets" within the consolidated balance sheets.