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 $ 132.2 $ 77.5
Less: Loss from discontinued operations, net of tax (2.0) (2.4)
Net income from continuing operations 134.2 79.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 137.3 131.9
Employee share-based compensation expense 10.5 10.1
Financing costs amortization 9.7 9.4
Unrealized foreign currency transaction loss (gain) 6.5 (13.7)
Loss on sale of business 0.0 7.8
Other non-cash operating activities 1.2 4.6
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable 9.2 0.2
Inventories 7.4 5.0
Unbilled contract revenue (201.5) (186.2)
Prepaid expenses and other current assets (14.9) (43.0)
Accounts payable and other current liabilities (13.7) 42.4
Customer advances and billings in excess of contract revenue (42.1) 6.0
Long-term assets and liabilities 44.1 (27.9)
Net Cash Provided By Continuing Operating Activities 87.9 26.5
Net Cash Used In Discontinued Operating Activities (2.0) (5.5)
Net Cash Provided By Operating Activities 85.9 21.0
INVESTING ACTIVITIES    
Capital expenditures (44.0) (74.2)
Investments (1.4) (13.1)
Other investing activities 0.4 (5.8)
Net Cash Used In Continuing Investing Activities (45.0) (93.1)
Net Cash Used In Discontinued Investing Activities 0.0 (2.5)
Net Cash Used In Investing Activities (45.0) (95.6)
FINANCING ACTIVITIES    
Borrowings on credit facilities 1,485.1 1,484.8
Repayments on credit facilities (1,477.5) (1,336.3)
Common stock repurchases from share-based compensation plans (4.2) (3.1)
Dividend distribution to noncontrolling interests (6.2) 0.0
Dividends paid on mandatory convertible preferred stock (13.6) (13.6)
Other financing activities (1.3) (4.9)
Net Cash (Used In) Provided By Financing Activities (17.7) 126.9
Effect of exchange rate changes on cash and cash equivalents 10.3 (2.8)
Net increase in cash, cash equivalents, restricted cash and restricted cash equivalents 33.5 49.5
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period 310.5 201.1
CASH, CASH EQUIVALENTS, RESTRICTED CASH, AND RESTRICTED CASH EQUIVALENTS AT END OF PERIOD $ 344.0 $ 250.6