v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net income (loss) including noncontrolling interests $ 123.1 $ 209.9
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Depreciation and amortization 180.3 169.0
Amortization of debt issuance costs and discounts 1.3 1.3
Share-based compensation 11.9 12.8
(Gain) loss on sale or impairment of property, plant, equipment and other assets, net (8.2) (5.8)
Unrealized (gain) loss on foreign currency fluctuations and derivative instruments, net (20.1) 6.3
Equity (income) loss (4.5) 0.9
Income tax (benefit) expense 33.2 55.5
Income tax (paid) received (10.4) (9.3)
Interest expense, excluding amortization of debt issuance costs and discounts 60.0 54.1
Interest paid (74.2) (73.6)
Other non-cash items, net (28.3) 0.0
Change in current assets and liabilities (net of impact of business combinations) and other (354.8) (395.7)
Net cash provided by (used in) operating activities (90.7) 25.4
Cash flows from investing activities    
Additions to property, plant and equipment (237.3) (214.7)
Proceeds from sales of property, plant, equipment and other assets 2.3 1.7
Acquisition of business, net of cash acquired (20.8) 0.0
Other (85.5) 0.5
Net cash provided by (used in) investing activities (341.3) (212.5)
Cash flows from financing activities    
Dividends paid (99.2) (96.8)
Payments for purchases of treasury stock (59.6) (113.6)
Payments on debt and borrowings (3.1) (1.6)
Other 30.7 (4.2)
Net cash provided by (used in) financing activities (131.2) (216.2)
Effect of foreign exchange rate changes on cash and cash equivalents 6.6 (7.2)
Net increase (decrease) in cash and cash equivalents (556.6) (410.5)
Balance at beginning of year 969.3 868.9
Balance at end of period $ 412.7 $ 458.4