v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities    
Net income $ 104.3 $ 62.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 168.8 56.5
Lease expense 12.5 8.3
Deferred income taxes 29.0 13.8
Share-based compensation 12.0 6.9
Asbestos adjustments (1.6) 0.7
Non-cash restructuring expenses 1.7 0.0
Non-cash interest expense 2.9 33.6
Other, net 7.3 22.1
Changes in operating assets and liabilities:    
Accounts and other receivables 56.0 77.7
Inventories 26.0 (26.8)
Operating lease assets and liabilities, net (14.3) (7.9)
Prepaid expenses and other assets (20.6) (16.9)
Insurance receivable — Asbestos 0.8 0.9
Accounts payable and accrued liabilities (10.8) 33.3
Claims and handling costs paid — Asbestos (33.1) (29.3)
Income taxes payable 13.6 4.6
Other accrued liabilities and interest (10.5) (33.2)
Net cash provided by operating activities 344.0 206.9
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (89.8) (103.2)
Capitalized interest 0.0 (2.1)
Purchase of restricted investments — Asbestos (76.1) (56.6)
Proceeds from restricted investments — Asbestos 62.3 56.6
Net cash used in investing activities (103.6) (105.3)
Cash Flows from Financing Activities    
Proceeds from senior secured notes 0.0 1,700.0
Proceeds from revolving facility 530.0 0.0
Repayments of term loans (10.9) (290.6)
Repayments of revolving facility (380.0) 0.0
Repayment of senior unsecured notes (400.0) 0.0
Debt issuance costs paid 0.0 (6.3)
Proceeds from exercise of vested stock options 1.0 0.0
Repayment of finance lease obligations (1.4) (0.3)
Cash paid for shares withheld for taxes (0.1) 0.0
Net cash (used in) provided by financing activities (261.4) 1,402.8
Effects of exchange rate changes on cash and cash equivalents, restricted cash and restricted cash — Asbestos (1.4) 1.8
Net (decrease) increase in cash and cash equivalents, restricted cash and restricted cash — Asbestos (22.4) 1,506.2
Cash and cash equivalents, restricted cash and restricted cash — Asbestos at beginning of period 344.4 605.6
Cash and cash equivalents, restricted cash and restricted cash — Asbestos at end of period 322.0 2,111.8
Non-Cash Investing and Financing Activities    
Capital expenditures incurred but not yet paid 27.1 19.6
Non-cash ROU assets obtained in exchange for new lease liabilities 9.4 2.7
Supplemental Disclosure of Cash Flow Activities    
Cash paid for interest $ 41.2 $ 4.6