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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net income attributable to common shareholders $ 163,000 $ 193,500
Less: Income from discontinued operations, net of tax 0 34,900
Net income from continuing operations attributable to common shareholders 163,000 158,600
Depreciation and amortization 55,500 25,600
Stock-based compensation expense 12,300 19,900
Defined benefit plans and postretirement cost 2,500 4,100
Deferred income taxes (1,100) 0
Cash used for operating working capital (141,700) (140,900)
Defined benefit plans and postretirement contributions (1,000) (6,200)
Environmental payments, net of reimbursements (1,100) (1,700)
Other 4,400 (600)
Net income from continuing operations attributable to common shareholders 92,800 58,800
Investing activities:    
Payment for acquisitions - net of cash acquired and working capital adjustments (1,355,400) (200)
Capital expenditures (25,300) (30,300)
Other investing activities 100 200
Total used for investing activities from continuing operations (1,380,600) (30,300)
Financing activities:    
Dividends paid (29,400) (26,400)
Net payments related to employee stock plans (8,300) (8,900)
Proceeds from debt 50,000 0
Repayments of debt (100,000) (200,000)
Total used for financing activities from continuing and discontinued operations (87,700) (235,300)
Discontinued Operations:    
Total provided by investing activities(a) [1] 0 213,600
Increase in cash and cash equivalents from discontinued operations 0 213,600
Effect of exchange rate on cash and cash equivalents (3,900) 18,700
(Decrease) increase in cash and cash equivalents (1,379,400) 25,500
Cash, cash equivalents and restricted cash at beginning of period [2] 1,729,800 306,700
Cash, cash equivalents and restricted cash at ending of period 350,400 332,200
Detail of cash used for operating working capital from continuing operations:    
Accounts receivable (41,200) (35,200)
Inventories (18,900) (13,000)
Other current assets (25,000) 36,800
Accounts payable (60,000) (36,500)
Accrued liabilities 4,700 (83,500)
U.S. and foreign taxes on income (1,300) (9,500)
Total (141,700) (140,900)
Supplemental disclosure of cash flow information:    
Interest paid 30,900 7,600
Income taxes paid $ 52,400 $ 56,200
[1]
(a) For the six months ended June 30, 2025, the cash provided by investing activities from discontinued operations was from the sale of the Engineered Materials segment. See Note 3, “Discontinued Operations” for additional information.
[2]
(b) Cash, cash equivalents and restricted cash at beginning of period consisted of $1.2 billion in funds held in an escrow account related to the acquisition of Druck, Panametrics, and Reuter-Stokes brands.