v3.26.1
Condensed Consolidated and Combined Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net income $ 358.3 $ 470.2
Less: Income from discontinued operations, net of tax 2.1 276.5
Net income from continuing operations 356.2 193.7
Adjustments to reconcile net income from continuing operations to net cash provided by (used for) operating activities of continuing operations    
Depreciation 34.2 28.2
Amortization 82.2 64.1
Deferred income taxes 1.4 2.0
Share-based compensation 23.1 20.1
Changes in assets and liabilities, net of effects of business acquisitions    
Accounts and notes receivable (280.2) (152.8)
Inventories (56.0) (23.0)
Other current assets (12.2) 7.2
Contract assets and liabilities (24.6) 22.5
Accounts payable 145.7 22.9
Employee compensation and benefits (24.7) 0.8
Other current liabilities 32.3 (32.2)
Other non-current assets and liabilities 1.3 1.4
Net cash provided by (used for) operating activities of continuing operations 278.7 154.9
Net cash provided by (used for) operating activities of discontinued operations (10.0) (111.6)
Net cash provided by (used for) operating activities 268.7 43.3
Investing activities    
Capital expenditures (57.6) (38.0)
Proceeds from sale of property and equipment 0.0 1.6
Acquisitions, net of cash acquired 0.0 (971.6)
Net cash provided by (used for) investing activities of continuing operations (57.6) (1,008.0)
Net cash provided by (used for) investing activities of discontinued operations 1.7 1,584.6
Net cash provided by (used for) investing activities (55.9) 576.6
Financing activities    
Net receipts of revolving credit facility 0.0 200.0
Proceeds from long-term debt 0.0 275.0
Repayments of long-term debt (68.3) (866.3)
Debt issuance costs 0.0 (1.9)
Dividends paid (68.2) (65.7)
Shares issued to employees, net of shares withheld (9.6) (2.0)
Repurchases of ordinary shares (50.4) (253.1)
Net cash provided by (used for) financing activities (196.5) (714.0)
Effect of exchange rate changes on cash and cash equivalents 2.2 30.0
Change in cash and cash equivalents 18.5 (64.1)
Cash and cash equivalents, beginning of period 237.5 131.2
Cash and cash equivalents within assets held for sale, beginning of period 0.0 58.7
Less: Cash and cash equivalents within assets held for sale, end of period 0.0 0.0
Cash and cash equivalents, end of period $ 256.0 $ 125.8