v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
OPERATING ACTIVITIES    
Net (loss) income $ (14.5) $ 52.3
Less: Loss from discontinued operations, net of tax 0.0 (2.0)
Net (loss) income from continuing operations (14.5) 54.3
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 71.5 66.2
Employee share-based compensation expense 5.4 6.2
Financing costs amortization 4.9 4.8
Other non-cash operating activities 7.6 (0.6)
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable 25.1 23.3
Inventories (16.6) (8.9)
Unbilled contract revenue (63.7) (89.0)
Prepaid expenses and other current assets (7.6) (16.6)
Accounts payable and other current liabilities (203.7) (62.9)
Customer advances and billings in excess of contract revenue (40.1) (41.9)
Long-term assets and liabilities (16.3) 5.1
Net Cash Used In Continuing Operating Activities (248.0) (60.0)
Net Cash Provided By Discontinued Operating Activities 0.0 0.0
Net Cash Used In Operating Activities (248.0) (60.0)
INVESTING ACTIVITIES    
Acquisition of businesses, net of cash acquired 29.1 0.0
Capital expenditures (24.8) (20.1)
Investments (3.3) (1.4)
Other investing activities (0.3) 0.4
Net Cash Used In Investing Activities (57.5) (21.1)
FINANCING ACTIVITIES    
Borrowings on credit facilities 803.8 746.2
Repayments on credit facilities (584.5) (666.6)
Common stock repurchases from share-based compensation plans (5.2) (3.9)
Dividend distribution to noncontrolling interests 9.5 0.0
Dividends paid on mandatory convertible preferred stock 0.0 (6.8)
Other financing activities (0.7) (3.2)
Net Cash Provided By Financing Activities 203.9 65.7
Effect of exchange rate changes on cash and cash equivalents 1.2 2.9
Net decrease in cash, cash equivalents, restricted cash and restricted cash equivalents (100.4) (12.5)
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period 369.8 310.5
CASH, CASH EQUIVALENTS, RESTRICTED CASH, AND RESTRICTED CASH EQUIVALENTS AT END OF PERIOD $ 269.4 $ 298.0