v3.26.1
Unaudited 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 $ 81.4 $ 129.2
Reconciling adjustments:    
Depreciation and amortization 210.6 202.4
Stock-based compensation expense 24.0 27.9
Non-cash restructuring charges 5.0 0.0
Provision for accounts receivable and inventory 27.2 26.9
Deferred income tax expense (benefit) 6.1 (30.0)
Amortization of deferred financing costs 3.5 4.5
Loss on extinguishment of debt 1.2 0.0
Foreign currency remeasurement (gain) loss (0.9) 3.8
Pension termination charges 0.0 18.1
Changes in assets and liabilities:    
Accounts receivable (80.7) (55.7)
Inventory (46.7) (33.3)
Accounts payable 17.7 19.1
Accrued interest (1.1) 1.4
Other assets and liabilities (11.7) (52.9)
Other 1.3 2.3
Net cash provided by operating activities 236.9 263.7
Cash flows from investing activities:    
Capital expenditures (71.1) (57.6)
Other 1.1 0.1
Net cash used in investing activities (70.0) (57.5)
Cash flows from financing activities:    
Debt repayments (217.5) (38.1)
Proceeds received from exercise of stock options 1.9 2.6
Shares repurchased to satisfy employee tax obligations for vested stock-based awards (3.9) (5.0)
Other (0.1) 0.0
Net cash used in financing activities (219.6) (40.5)
Effect of currency rate changes on cash and cash equivalents (5.9) 21.8
Net change in cash, cash equivalents and restricted cash (58.6) 187.5
Cash, cash equivalents and restricted cash, beginning of period 368.3 264.7
Cash, cash equivalents and restricted cash, end of period $ 309.7 $ 452.2