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 earnings $ 67.1 $ 77.4
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 29.2 28.2
Provision for expected losses on accounts receivable 4.8 10.1
Share-based compensation expense 13.5 12.5
Deferred income taxes (0.3) (3.3)
Net pension plan expense (income) 0.9 (0.6)
Gain on sales of long-lived assets (0.5) (9.8)
Amortization of operating lease right-of-use assets 3.4 4.6
Other (0.6) 0.6
Changes in operating assets and liabilities:    
Receivables, net (67.6) (75.6)
Prepaid expenses and other current assets 2.9 (3.1)
Accounts payable 10.5 (0.6)
Income taxes payable and receivable 3.9 7.3
Accrued liabilities and other (30.5) (11.3)
Operating lease liabilities (5.1) (7.2)
Pension and other postretirement benefits plans contributions (0.9) (0.9)
Net cash provided by operating activities 30.7 28.3
INVESTING ACTIVITIES    
Capital expenditures (30.0) (31.7)
Proceeds from sales of investments in equity securities 0.1 0.2
Proceeds from sale of long-lived assets 0.0 12.4
Net cash used in investing activities (29.9) (19.1)
FINANCING ACTIVITIES    
Revolving facility borrowings 207.5 139.0
Payments on revolving facility borrowings (130.5) (84.0)
Payments on long-term debt (126.4) 0.0
Proceeds from issuance of long-term debt 115.0 0.0
Debt issuance costs (2.2) 0.0
Treasury share repurchases (88.7) (50.7)
Cash received for common stock issuances 1.5 0.6
Finance lease payments (1.7) (1.4)
Net cash (used in) provided by financing activities (25.5) 3.5
Effect of exchange rate on cash and cash equivalents 1.2 (0.8)
Net (decrease) increase in cash and cash equivalents (23.5) 11.9
Cash and cash equivalents at beginning of year 57.3 23.1
Cash and cash equivalents at end of period 33.8 35.0
Supplemental cash flow information:    
Income taxes paid, net of refunds 20.8 21.3
Interest paid 5.6 7.5
Non-cash investing activities:    
Capitalized software included in accounts payable $ 4.6 $ 2.4