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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 56.4 $ 82.3
Reconciliations of net income to net cash flows (used in) provided by operating activities:    
Depreciation and amortization 41.6 39.1
Deferred income taxes 2.5 5.2
Foreign exchange gain (0.1) (28.9)
Incentive stock compensation 5.2 4.3
Other, net 4.3 (2.3)
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable (49.6) (26.3)
Inventories (47.5) (44.6)
Accounts payable 41.2 30.4
Accrued expenses (49.6) (18.8)
Prepaid expenses and other current assets (10.5) (9.0)
Other assets and liabilities 0.5 1.2
Net cash flows (used in) provided by operating activities (5.6) 32.6
Cash flows from investing activities:    
Capital expenditures (9.5) (8.5)
Acquisition of business, net of cash acquired (22.6) 0.0
Other, net (5.0) 19.0
Net cash flows (used in) provided by investing activities (37.1) 10.5
Cash flows from financing activities:    
Repayments of borrowings (3.1) (1.9)
Repurchases of common stock (18.3) 0.0
Dividends (19.9) (12.4)
Other, net (25.8) 0.1
Net cash flows used in financing activities (67.1) (14.2)
Effect of exchange rate changes on cash and cash equivalents (1.5) (3.3)
Net (decrease) increase in cash and cash equivalents (111.3) 25.6
Cash and cash equivalents at beginning of period 330.1 291.9
Cash and cash equivalents at end of period $ 218.8 $ 317.5