v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net income $ 172.2 $ 94.1
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 13.0 15.5
Amortization of intangible assets 29.3 29.3
Non-cash restructuring charges 0.0 0.5
Loss on dispositions of long-lived assets 0.7 0.0
Deferred income taxes (7.0) (10.6)
Other non-cash expenses 1.4 1.1
Pension curtailment and settlement 0.0 (0.7)
Stock-based compensation expense 20.9 19.5
Changes in operating assets and liabilities:    
Receivables, net (86.6) (36.8)
Inventories, net (13.6) (1.7)
Other assets 28.2 21.3
Accounts payable 31.2 16.8
Accruals and other 18.7 5.2
Cash provided by operating activities 208.4 153.5
Investing activities    
Expenditures for property, plant and equipment (6.3) (13.3)
Cash used for investing activities (6.3) (13.3)
Financing activities    
Repayments of debt (0.6) (0.4)
Payment of debt issuance costs (3.0) 0.0
Proceeds from exercise of stock options and ESPP contributions 3.5 2.4
Taxes withheld and paid on employees' share-based payment awards 0.0 (0.5)
Repurchase of common stock (99.6) (109.9)
Payment of common stock dividends (36.8) (30.3)
Cash used for financing activities (136.5) (138.7)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1.1) 2.4
Increase in cash, cash equivalents and restricted cash 64.5 3.9
Cash, cash equivalents and restricted cash at beginning of period 300.5 198.0
Cash, cash equivalents and restricted cash at end of period $ 365.0 $ 201.9