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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities    
Net income $ 101.3 $ 107.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 29.1 30.9
Deferred taxes 0.5 0.6
Non-cash movements on defined benefit pension plans (2.5) (1.9)
Stock option compensation 5.9 4.7
Changes in assets and liabilities, net of effects of acquired and divested companies:    
Trade and other accounts receivable 29.5 (70.1)
Inventories 42.0 (112.6)
Prepaid expenses 6.5 11.2
Accounts payable and accrued liabilities (57.2) 38.9
Plant closure provisions (1.2) 0.3
Accrued income taxes (20.2) (4.0)
Unrecognized tax benefits 0.7 0.0
Other assets and liabilities 0.5 (2.2)
Net cash provided by/(used in) operating activities 134.9 3.3
Cash Flows from Investing Activities    
Capital expenditures (45.2) (27.1)
Internally developed software (10.8) 0.0
Proceeds on disposal of property, plant and equipment 0.0 0.1
Net cash used in investing activities (56.0) (27.0)
Cash Flows from Financing Activities    
Non-controlling interest 0.3 1.9
Proceeds from revolving credit facility 0.0 0.0
Repayments of revolving credit facility 0.0 0.0
Repayments of finance leases 0.0 (0.1)
Refinancing costs (1.4) 0.0
Dividend paid (17.2) (15.6)
Issue of treasury stock 0.7 2.1
Repurchase of common stock (1.0) (5.0)
Net cash used in financing activities (18.6) (16.7)
Effect of foreign currency exchange rate changes on cash (0.2) (0.9)
Net change in cash and cash equivalents 60.1 (41.3)
Cash and cash equivalents at beginning of period 147.1 141.8
Cash and cash equivalents at end of period $ 207.2 $ 100.5