v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES    
Net income $ 54.5 $ 50.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 13.5 12.0
Amortization 41.1 38.4
Deferred income taxes (1.1) (1.1)
Stock-based compensation 9.7 7.2
Payments for settlements of derivative contracts 16.1 0.0
Other non-cash adjustments 3.3 4.6
Change in assets and liabilities, net of effects of acquisition:    
Accounts receivable, net (37.2) (21.6)
Inventories (17.3) (1.6)
Accounts payable 21.3 5.0
Other current assets and liabilities (9.4) (24.1)
Other non-current assets and liabilities (3.6) 3.5
Net cash provided by operating activities 90.9 73.2
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (27.8) (17.9)
Payments for capitalized internal-use software (1.7) (2.5)
Redemption of short-term investments 3.4 0.0
Acquisitions, net of cash acquired 0.8 0.0
Payments for settlements of derivative contracts (1.8) 0.0
Other 1.1 0.8
Net cash used in investing activities (26.0) (19.6)
FINANCING ACTIVITIES    
Proceeds from debt 0.0 680.0
Repayments of debt (80.1) (851.5)
Debt issuance costs 0.0 (7.7)
Dividends paid (13.8) (13.2)
Incentive plan activity (8.1) (2.5)
Net cash used in financing activities (102.0) (194.9)
Effect of exchange rate changes on cash and cash equivalents (0.6) 12.1
Net decrease in cash and cash equivalents (37.7) (129.2)
Cash and cash equivalents at beginning of period 114.7 236.3
Cash and cash equivalents at end of period 77.0 107.1
Cash paid during the period for:    
Interest 17.2 18.9
Income taxes, net of refunds 10.2 22.5
Property, plant, and equipment    
Non-cash investing and financing activities:    
Non-cash acquisitions 4.8 2.9
Capitalized internal-use software    
Non-cash investing and financing activities:    
Non-cash acquisitions $ 2.3 $ 1.1