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 $ 189.2 $ 130.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 67.6 74.3
Amortization of debt issuance costs 2.2 2.4
Loss on sale of business 0.0 3.9
Share-based compensation 14.0 11.4
Gain on extinguishment of debt (4.4) 0.0
Amortization of intangible assets 31.5 41.8
Deferred income taxes 21.7 17.3
Gain on equity investments, net (0.2) 0.0
Other non-cash loss, net 0.6 15.8
Changes in operating assets and liabilities, net of effects of divestitures:    
Accounts receivable, net (77.2) (96.1)
Inventories 37.3 (24.4)
Prepaid expenses and other (5.3) (3.6)
Accounts payable and accrued expenses 54.7 82.5
Income taxes payable 0.8 4.3
Net cash provided by operating activities 332.5 260.1
Cash flows from investing activities:    
Additions to property, plant and equipment and capitalized software (41.5) (58.0)
Proceeds from the sale of business, net of cash sold 1.3 25.6
Other 4.3 (1.3)
Net cash used in investing activities (35.9) (33.6)
Cash flows from financing activities:    
Payment of employee restricted stock tax withholdings (7.6) (3.5)
Payments on debt (401.1) (1.2)
Dividends paid (34.9) (35.5)
Payments to repurchase ordinary shares (25.1) (120.6)
Payments of debt financing costs (1.2) 0.0
Proceeds from exercise of stock options 1.4 0.0
Net cash used in financing activities (468.5) (160.8)
Effect of exchange rate changes on cash and cash equivalents 2.2 2.4
Net change in cash and cash equivalents (169.7) 68.1
Cash and cash equivalents, beginning of year 573.0 593.7
Cash and cash equivalents, end of period $ 403.3 $ 661.8