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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES    
Net income $ 119.9 $ 118.1
Adjustments to reconcile net income to net cash provided from operating activities:    
Depreciation and amortization 92.2 90.9
Non-cash restructuring charges 1.5 0.0
Deferred income taxes 7.0 7.0
Net pension expense 11.5 8.7
Share-based compensation expense 12.4 12.7
Net loss on disposals of property, plant and equipment and assets held for sale 0.0 0.7
Gain on insurance recovery 0.0 (11.4)
Changes in working capital and other:    
Accounts receivable 7.6 (12.1)
Inventories (85.2) (168.3)
Other current assets (5.2) 7.6
Accounts payable (26.9) 36.6
Accrued liabilities (33.4) (25.2)
Pension plan contributions (4.9) (4.3)
Other postretirement plan contributions (2.7) (2.5)
Other, net 1.1 (1.3)
Net cash provided from operating activities 94.9 57.2
INVESTING ACTIVITIES    
Purchases of property, plant, equipment and software (144.0) (130.7)
Proceeds from disposals of property, plant and equipment and assets held for sale 0.3 0.3
Proceeds from insurance recovery 0.0 11.4
Acquisition of business, net of cash acquired 0.0 (79.0)
Proceeds from sales and maturities of marketable securities 0.0 2.9
Net cash used for investing activities (143.7) (195.1)
FINANCING ACTIVITIES    
Credit agreement borrowings 331.1 163.9
Credit agreement repayments (181.1) (63.9)
Net change in short-term credit agreement borrowings 0.3 27.0
Dividends paid (29.1) (28.9)
Proceeds from stock options exercised 4.3 3.7
Withholding tax payments on share-based compensation awards (7.8) (4.4)
Net cash provided from financing activities 117.7 97.4
Effect of exchange rate changes on cash and cash equivalents (2.9) 3.2
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 66.0 (37.3)
Cash and cash equivalents at beginning of period 27.0 56.2
Cash and cash equivalents at end of period 93.0 18.9
Non-cash investing activities:    
Acquisition of property, plant, equipment and software $ 14.1 $ 12.8