v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net income $ 263.3 $ 226.5
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Asset impairments 4.8 0.6
Depreciation 40.1 37.4
Amortization of intangible assets 67.0 63.5
Share-based compensation expense 21.9 18.8
Deferred income taxes (1.3) 1.6
Changes in (net of the effect from acquisitions/divestitures and foreign currency translation):    
Receivables – net (30.7) 1.6
Inventories – net (45.7) (45.6)
Other current assets (21.4) (21.8)
Trade accounts payable 9.2 (0.7)
Deferred revenue 2.7 6.4
Accrued expenses (8.0) (22.4)
Other – net 1.8 1.5
Net cash flows provided by operating activities 303.7 267.4
Cash flows from investing activities    
Capital expenditures (40.7) (29.1)
Acquisition of business, net of cash acquired 0.0 4.2
Other – net (2.0) 0.4
Net cash flows used in investing activities (42.7) (24.5)
Cash flows from financing activities    
Borrowings under revolving credit facilities 205.0 50.0
Payments under revolving credit facilities (163.3) (92.7)
Payment of long-term borrowings 0.0 (100.0)
Cash dividends paid to shareholders (106.7) (105.9)
Proceeds (payments) from share issuances, net of shares withheld for taxes 10.6 (0.2)
Repurchases of common stock (153.4) (100.0)
Other – net (0.3) (0.4)
Net cash flows used in financing activities (208.1) (349.2)
Effect of exchange rate changes on cash and cash equivalents (10.7) 37.4
Net increase (decrease) in cash and cash equivalents and restricted cash 42.2 (68.9)
Cash and cash equivalents and restricted cash at beginning of year 585.9 638.9
Cash and cash equivalents and restricted cash at end of period 628.1 570.0
Cash paid for:    
Interest 34.4 36.7
Income taxes – net $ 81.4 $ 83.4