v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from Operating Activities:    
Net earnings $ 2.5 $ 5.6
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 20.2 21.2
Deferred income taxes 6.1 7.3
Provision for credit losses 2.5 1.5
Share-based compensation 6.0 7.6
Changes in operating assets and liabilities:    
Accounts receivable 92.2 245.1
Other assets (73.5) (34.9)
Accounts payable (141.0) (265.1)
Other liabilities (41.3) (141.5)
Cash used in operating activities (126.3) (153.2)
Cash Flows from Investing Activities:    
Capital expenditures (9.0) (13.7)
Acquisition of businesses, net of cash acquired 0.0 (1.0)
Proceeds from the sale of property and equipment 0.3 0.1
Cash used in investing activities (8.7) (14.6)
Cash Flows from Financing Activities:    
Net change in short-term borrowings 24.0 50.7
Net proceeds from revolving debt facility 50.0 26.0
Proceeds from long-term debt 0.1 0.0
Repayments of long-term debt (582.3) (0.1)
Taxes paid related to net share settlement (2.7) (5.9)
Repurchases of common stock and excise tax (0.3) (25.0)
Cash (used in) provided by financing activities (511.2) 45.7
Effect of exchange rate changes on cash 0.1 7.7
Change in cash and cash equivalents (646.1) (114.4)
Cash and cash equivalents, beginning of period 871.0 509.4
Cash and cash equivalents, end of period 224.9 395.0
Supplemental Cash Flow Information:    
Interest 20.2 16.1
Income taxes, net 24.2 26.2
Operating lease liabilities 33.6 32.1
Non-cash operating activity:    
Right-of-use assets obtained in exchange for new operating lease liabilities $ 6.8 $ 27.4