v3.25.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Net income $ 63.0 $ 126.3
Reconciliation to net cash provided by operating activities:    
Depreciation and amortization 91.5 93.0
Amortization related to financing 0.1 0.3
Deferred income taxes 7.8 (4.4)
Debt Extinguishment costs 0.4 0.0
Stock-based compensation 13.4 19.3
Restructuring expenses, net of payments 10.7 0.4
Gain on sale of asset 4.9 0.0
Changes in assets and liabilities:    
Increase in accounts receivable (8.0) (19.7)
Increase in inventories 16.5 (37.5)
Increase in prepaid expenses and other current assets (16.8) (20.8)
Decrease in accounts payable/accrued liabilities (55.5) (15.1)
Other – net (23.0) (14.5)
Net cash provided by operating activities 105.0 127.3
Cash flows from investing activities    
Capital expenditures (55.1) (68.4)
Payments on divestiture of assets (2.7) 0.0
Net cash used for investing activities (57.8) (68.4)
Cash flows from financing activities    
Borrowing from senior unsecured credit facility 160.0 160.0
Repayment of senior unsecured credit facility (100.0) (55.0)
Redemption of 4.7% senior notes due 2025 (300.0) 0.0
Proceeds from issuance of 5.875% senior notes due 2035 300.0 0.0
Repurchases of common stock (100.9) (252.2)
Repayment of finance lease obligation and other debt, net (4.1) (0.1)
Dividends paid (41.0) (37.2)
Activity under stock plans 0.5 (3.3)
Net cash used for financing activities (85.5) (187.8)
Effect of exchange rate changes on cash and cash equivalents 3.4 0.1
Net decrease in cash and cash equivalents (34.9) (128.8)
Cash and cash equivalents at beginning of period 125.4 227.0
Cash and cash equivalents at end of period 90.5 98.2
Supplemental data:    
Accrual basis additions to plant, property and equipment $ 49.9 $ 59.6