v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities:    
Net income (loss) $ (3.2) $ 2.9
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 38.6 35.4
Stock-based compensation 6.8 7.4
Deferred income taxes (0.9) 0.4
Provision for allowances, claims, and doubtful accounts 2.0 3.7
Restructuring and other charges   1.7
Pension and other postretirement benefits curtailment gain   (0.3)
Pension settlement (gain) charge (0.5) 1.1
Non-cash gain from derivatives (3.9) (5.0)
Other items 0.9 0.2
Change in operating assets and liabilities:    
Receivables (104.6) (65.4)
Inventories 12.1 36.5
Other assets and liabilities 3.2 0.1
Accounts payable 51.9 (16.6)
Accrued liabilities 0.2 (15.4)
Accrued taxes payable/receivable (10.6) (4.6)
Deferred employee benefit costs (11.1) (4.0)
Tenant improvement allowance 1.7  
Net adjustments (14.2) (24.8)
Net cash used in operating activities (17.4) (21.9)
Investing activities:    
Capital expenditures (17.9) (44.5)
Proceeds from sale of property, plant, and equipment 0.3 1.5
Proceeds from insurance settlement 0.6  
Other items (4.0) (0.4)
Net cash used in investing activities (21.0) (43.4)
Financing activities:    
Repayment of debt   (2.2)
Net proceeds of short-term borrowings 42.2 90.4
Net increase (decrease) in book overdrafts 15.0 (8.2)
Principal payments on finance lease obligations (2.8) (3.6)
Dividends paid to shareholders (12.0) (12.8)
Share repurchases   (15.0)
Proceeds from exercise of common stock options   0.1
Contingent payments related to acquisitions (1.6) (5.3)
Proceeds from finance lease obligations 2.2  
Tax withholdings on stock-based compensation awards (2.6) (3.7)
Net cash provided by financing activities 40.4 39.7
Net increase (decrease) in cash, cash equivalents, and restricted cash 2.0 (25.6)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 0.9 (0.6)
Net change in cash, cash equivalents, and restricted cash 2.9 (26.2)
Cash, cash equivalents, and restricted cash—beginning of period 29.3 55.4
Cash, cash equivalents, and restricted cash—end of period 32.2 29.2
Cash paid during the period for:    
Interest paid to third parties, net 19.1 20.1
Income taxes, net 2.9 7.5
Noncash investing activities:    
Asset additions under operating leases 15.2 20.8
Asset additions under finance leases $ 2.4 $ 2.6