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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended 24 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
OPERATING ACTIVITIES OF CONTINUING OPERATIONS        
Net income $ 177.6 $ 184.8 $ 38.3  
Adjustments to reconcile net income to net cash provided by operating activities of continuing operations:        
Income from discontinued operations, net of taxes 0.0 (208.1) (30.5)  
Taxes related to sale of discontinued operations 0.0 (38.7) 0.0  
Depreciation 27.5 30.2 30.4  
Amortization 48.3 40.6 37.5  
Loss (gain) on sale of businesses (135.2) 2.6 11.3  
Asset impairments 0.0 29.3 29.4  
Deferred income taxes (5.2) (14.6) (28.3)  
Stock-based compensation 5.0 5.4 6.8  
Other non-cash adjustments 2.1 3.2 2.5  
Change in assets and liabilities, net of effects of acquisitions and divestitures of businesses:        
Accounts receivable, net (18.4) 18.7 9.9  
Inventories (13.3) 19.5 7.0  
Accounts payable 7.7 0.3 (15.9)  
Income taxes, net 31.7 (17.8) 22.0  
Other current assets and liabilities 8.9 (13.1) 4.4  
Other non-current assets and liabilities 5.3 15.3 6.0  
Net cash provided by operating activities of continuing operations 142.0 57.6 130.8  
INVESTING ACTIVITIES OF CONTINUING OPERATIONS        
Purchases of property, plant and equipment (18.8) (18.3) (21.6)  
Proceeds from sale of businesses 224.3 475.1 3.6  
Payments for acquisitions, net of cash acquired (856.8) (238.3) (310.5)  
Other 0.1 (2.4) (2.6)  
Net cash provided by (used in) investing activities of continuing operations (651.2) 216.1 (331.1)  
FINANCING ACTIVITIES OF CONTINUING OPERATIONS        
Proceeds from debt 715.0 29.9 652.7  
Repayments of debt, including premiums to par value (79.0) (168.2) (487.9)  
Issuance of common stock 10.0 0.0 0.0  
Repurchase of common stock 0.0 (5.3) (15.0) $ (20.3)
Dividends paid (22.4) (21.7) (20.9)  
Other (5.4) (2.0) (5.1)  
Net cash provided by (used in) financing activities of continuing operations 618.2 (167.3) 123.8  
CASH FLOWS OF DISCONTINUED OPERATIONS        
Operating cash flows 0.0 (6.2) 76.8  
Investing cash flows 0.0 0.0 (11.8)  
Net cash provided by (used in) discontinued operations 0.0 (6.2) 65.0  
Effect of exchange rate changes on cash and cash equivalents (0.4) 8.1 3.1  
Net increase (decrease) in cash and cash equivalents 108.6 108.3 (8.4)  
Cash and cash equivalents at beginning of year 229.5 121.2 129.6 129.6
Cash and cash equivalents at end of year 338.1 229.5 121.2 $ 229.5
Cash paid during the year for:        
Interest 14.9 16.1 19.2  
Income taxes, net of refunds received 6.4 67.2 8.8  
Non-cash investing and financing activities        
Non-cash acquisitions of property, plant and equipment $ 1.3 $ 1.9 $ 2.5