v3.26.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net income/(loss) $ 303.4 $ (31.9)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:    
Depreciation 102.1 127.7
Amortization of debt issuance costs 3.2 3.5
Goodwill impairment charge 0.0 225.7
Loss on sale of business 0.0 10.2
Share-based compensation 22.6 18.6
Gain on extinguishment of debt (5.0) 0.0
Amortization of intangible assets 47.2 61.4
Deferred income taxes 39.2 (1.0)
Gain on equity investments, net (4.9) 0.0
Other non-cash (gain)/loss, net (3.2) 29.5
Changes in operating assets and liabilities, net of effects of divestitures:    
Accounts receivable, net (62.9) (34.0)
Inventories 37.2 (38.0)
Prepaid expenses and other 6.3 (18.3)
Accounts payable, accrued expenses and other 67.8 66.7
Income taxes payable 4.7 0.0
Net cash provided by operating activities 557.8 420.0
Cash flows from investing activities:    
Additions to property, plant and equipment and capitalized software (68.5) (81.6)
Proceeds from the sale of business, net of cash sold 1.3 35.6
Other 4.5 1.6
Net cash used in investing activities (62.7) (44.4)
Cash flows from financing activities:    
Proceeds from exercise of stock options 1.4 0.0
Payment of employee restricted stock tax withholdings (7.8) (4.2)
Payments on debt (433.2) (1.5)
Dividends paid (52.4) (52.9)
Payments to repurchase ordinary shares (25.1) (120.6)
Payments of debt financing costs (1.2) (1.8)
Net cash used in financing activities (518.4) (181.0)
Effect of exchange rate changes on cash and cash equivalents 3.7 3.1
Net change in cash and cash equivalents (19.6) 197.7
Cash and cash equivalents, beginning of year 573.0 593.7
Cash and cash equivalents, end of period $ 553.4 $ 791.3