v3.26.1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Net earnings $ 67.1 $ 83.1
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 49.3 52.0
Amortization of intangibles and supply agreements 7.4 9.3
Long-lived asset impairment 3.0 1.2
Increase in provision for losses on accounts receivable 2.9 1.8
Write-down of inventories 7.1 8.1
Net gain from disposal of assets and businesses (21.0) (21.4)
Deferred income tax benefit (expense) 5.5 (1.6)
Stock-based compensation 15.2 12.5
Other, net (0.3) (6.4)
Changes in working capital, excluding effects from acquisitions and divestitures:    
Accounts and other receivables (103.2) (18.1)
Inventories (25.5) 17.2
Other current assets (7.9) (1.7)
Accounts payable 1.6 (14.6)
Accrued expenses and other current liabilities (11.5) (30.6)
Net Cash (Used for) Provided by Operating Activities (10.3) 90.8
Investing Activities    
Additions to property, plant and equipment (44.8) (21.8)
Proceeds from disposal of Aerospace Products Group 4.2 0.0
Proceeds from disposals of assets and businesses 22.7 29.1
Other, net (1.0) 3.0
Net Cash (Used for) Provided by Investing Activities (18.9) 10.3
Financing Activities    
Payments on long-term debt 0.0 (0.1)
Change in commercial paper and short-term debt 1.4 (77.3)
Dividends paid (13.6) (13.5)
Purchases of common stock (3.7) (2.3)
Other, net (0.8) (0.6)
Net Cash Used for Financing Activities (16.7) (93.8)
Effect of Exchange Rate Changes on Cash 4.3 11.3
(Decrease) Increase in Cash and Cash Equivalents (41.6) 18.6
Cash and Cash Equivalents—January 1, 587.4 350.2
Cash and Cash Equivalents—June 30, $ 545.8 $ 368.8