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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Consolidated net income $ 57.8 $ 10.6
Adjustments to reconcile consolidated net income to cash flows from operating activities:    
Depreciation and amortization 22.3 19.0
Stock-based compensation expense 3.8 3.3
Deferred income taxes 4.9 1.1
Other non-cash expenses, net 4.9 11.7
Changes in operating assets and liabilities, net of acquisitions and divestitures:    
Accounts receivable 0.8 29.5
Inventories (41.6) (61.0)
Accounts payable and accrued expenses 35.5 19.1
Income taxes payable 10.1 (15.0)
Deferred revenue 14.1 20.6
Customer advances 2.5 16.5
Other changes in operating assets and liabilities, net (17.1) (20.4)
Net cash provided by operating activities 98.0 35.0
Cash flows from investing activities:    
Purchases of short-term investments   (50.0)
Cash paid for acquisitions, net of cash acquired (4.0) (22.0)
Purchases of property, plant and equipment (24.7) (30.5)
Proceeds from sales of property, plant and equipment 1.2  
Net proceeds from cross-currency swap agreements 3.5 1.9
Net cash used in investing activities (24.0) (100.6)
Cash flows from financing activities:    
Proceeds from revolving lines of credit   197.5
Repayment of other debt (0.4) (0.3)
Proceeds from other debt 0.3 1.2
Proceeds from issuance of common stock, net 1.1 0.6
Payment of contingent consideration (0.4) (0.3)
Payment of dividends to common stockholders (6.1) (6.2)
Purchases of common stock (32.6)  
Cash payments to noncontrolling interest   (1.2)
Net cash (used in) provided by financing activities (38.1) 191.3
Effect of exchange rate changes on cash, cash equivalents and restricted cash (21.0) (8.7)
Net change in cash, cash equivalents and restricted cash 14.9 117.0
Cash, cash equivalents and restricted cash at beginning of period 685.5 681.9
Cash, cash equivalents and restricted cash at end of period 700.4 798.9
Supplemental disclosure of cash flow information:    
Restricted cash period beginning balance 3.7 3.6
Restricted cash period ending balance $ 3.6 $ 3.4