v3.26.1
CONDENSED COMBINED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net earnings $ 16.0 $ 12.3
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 7.0 7.7
Stock-based compensation expense (benefit) - Direct 0.5 (0.5)
Deferred income taxes 0.3 2.5
Other - net 0.5 1.4
Changes in operating assets and liabilities:    
Trade accounts receivable 6.8 11.4
Due from related party 0.3 (2.6)
Inventories (15.7) 1.5
Accounts payable 6.6 0.9
Due to related party (0.2) 0.3
Other assets and liabilities (15.6) (7.2)
Net cash provided by operating activities 6.5 27.7
Cash flows from investing activities:    
Expenditures for property, plant and equipment (8.6) (7.3)
Net (increase) decrease in related party notes receivable from cash pooling activities 42.6 (2.6)
Issuances of related party notes receivable (15.1) (5.7)
Collections of related party notes receivable 84.8 2.4
Net cash provided by (used for) investing activities 103.7 (13.2)
Cash flows from financing activities:    
Borrowings (repayments) on bank overdraft facilities - net 8.1 (8.6)
Dividends paid to noncontrolling interest   (0.7)
Net transfers from (to) parent (28.5) (16.2)
Net (decrease) increase in related party notes payable from cash pooling activities (80.6) 17.6
Net cash used for financing activities (101.0) (7.9)
Effect of exchange rate changes on cash (1.9) (5.7)
Net increase in cash, cash equivalents and restricted cash 7.3 0.9
Cash, cash equivalents and restricted cash - beginning of period 33.9 34.3
Cash, cash equivalents and restricted cash - end of period $ 41.2 $ 35.2