v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities:    
Net income $ 43.1 $ 112.2
Depreciation and amortization 60.6 53.6
Stock-based incentive compensation 9.7 8.2
Deferred income taxes 4.6 (12.1)
Other non-cash adjustments 4.8 3.5
Changes in operating assets and liabilities (283.8) (560.3)
Net cash used in operating activities (161.0) (394.9)
Investing activities:    
Additions to property, plant and equipment (28.1) (40.3)
Additions to equipment held for rental (1.5) (4.4)
Proceeds from sale of equipment held for rental 29.6 0.4
Other investing activities 1.1 1.2
Net cash provided by (used in) investing activities 1.1 (43.1)
Financing activities:    
Proceeds from revolving credit facilities 259.8 1,146.0
Repayments of revolving credit facilities (214.0) (1,130.0)
Proceeds from issuance of debt 0.0 500.0
Dividends paid (35.6) (32.9)
Repurchases of Common Stock (47.3) (28.7)
Other financing activities (31.4) (16.3)
Net cash provided by (used in) financing activities (68.5) 438.1
Effect of exchange rate changes on cash and cash equivalents (1.1) 5.3
Increase (decrease) in cash and cash equivalents (229.5) 5.4
Cash and cash equivalents at beginning of period 479.8 204.9
Cash and cash equivalents at end of period 250.3 210.3
Supplemental disclosures:    
Cash paid for interest 15.2 22.4
Cash paid for income taxes, net of refunds 47.8 10.2
Operating right-of-use assets obtained 22.7 1.4
Finance right-of-use assets obtained 11.7 15.1
Property, plant and equipment additions - noncash $ 9.2 $ 18.6