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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income before non-controlling interest $ 85.9 $ 130.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 33.8 30.4
Amortization of stock-based compensation 10.8 13.8
Amortization of deferred financing costs 1.0 1.0
Bad debt expense 1.7 1.6
Deferred income taxes 0.7 (1.0)
Dividends received from unconsolidated affiliates 1.5 1.1
Equity income in earnings of unconsolidated affiliates (4.6) (6.9)
Foreign currency adjustments and other (0.8) (0.1)
Changes in operating assets and liabilities (30.2) (85.2)
Net cash provided by operating activities 99.8 85.6
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (52.1) (60.3)
Other 0.1 1.0
Net cash used in investing activities (52.0) (59.3)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowings under long-term debt obligations 509.8 528.1
Repayments of borrowings under long-term debt obligations (477.4) (216.0)
Proceeds from exercise of stock options 0.8 0.1
Treasury stock repurchased (35.7) (494.8)
Dividends paid (20.8) (18.7)
Repayments of finance lease obligations and other (5.1) (3.5)
Net cash used in financing activities (28.4) (204.8)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 2.2 (5.9)
Increase (decrease) in cash and cash equivalents 21.6 (184.4)
CASH AND CASH EQUIVALENTS, beginning of period 69.4 300.7
CASH AND CASH EQUIVALENTS, end of period 91.0 116.3
Cash paid during the period for:    
Interest 19.5 4.5
Income taxes, net of refunds $ 11.3 $ 14.6