v3.25.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Consolidated net income $ 21.0 $ 59.6
Adjustments to reconcile net income to cash flows from operating activities:    
Depreciation and amortization 106.5 79.9
Deferred income taxes (38.6) (22.3)
Other non-cash expenses, net (0.4) 27.5
Income taxes payable, net (105.3) (22.4)
Other changes in operating assets and liabilities, net (45.7) (99.4)
Net cash provided by (used in) operating activities (62.5) 22.9
Cash flows from investing activities:    
Purchases of property, plant and equipment (47.3) (46.0)
Cash paid for acquisitions, net of cash acquired (69.5) (1,576.5)
Other investing activities, net (0.4) (6.6)
Net cash used in investing activities (117.2) (1,629.1)
Cash flows from financing activities:    
Repayments of revolving line of credit (219.1) (840.1)
Proceeds from revolving line of credit 308.2 1,073.3
Repayment of long-term debt (22.3) (118.0)
Proceeds from long-term debt 2.9 805.7
Proceeds from issuance of common stock, net 5.3 408.6
Payment of dividends to common shareholders (15.3) (15.0)
Repurchase of common stock (10.0) 0.0
Other financing activities, net (5.4) (7.0)
Net cash provided by financing activities 44.3 1,307.5
Effect of exchange rate changes on cash, cash equivalents and restricted cash 44.9 (19.7)
Net decrease in cash, cash equivalents and restricted cash (90.5) (318.4)
Cash, cash equivalents and restricted cash at beginning of period 186.7 491.6
Cash, cash equivalents and restricted cash at end of period 96.2 173.2
Supplemental disclosure of cash flow information:    
Cash paid for interest 35.5 21.7
Cash paid for taxes 147.5 68.6
Restricted cash period beginning balance 3.3 3.3
Restricted cash period ending balance $ 4.2 $ 3.5