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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES    
Net income $ 86.6 $ (0.6)
Adjustments to reconcile net income (loss) to net cash provided from (used for) operating activities:    
Depreciation and amortization 66.7 64.8
Deferred income taxes (1.0) (0.9)
Net pension expense 11.8 9.9
Share-based compensation expense 8.5 7.1
Net loss on disposals of property, plant and equipment 1.2 0.6
Changes in working capital and other:    
Accounts receivable 23.9 (58.5)
Inventories (157.5) (226.7)
Other current assets (25.4) (4.1)
Accounts payable 37.8 62.1
Accrued liabilities (26.8) (12.1)
Pension plan contributions (4.8) 0.0
Other postretirement plan contributions (0.7) (1.5)
Other, net 1.6 (4.6)
Net cash provided from (used for) operating activities 21.9 (164.5)
INVESTING ACTIVITIES    
Purchases of property, plant, equipment and software (47.3) (31.0)
Net cash used for investing activities (47.3) (31.0)
FINANCING ACTIVITIES    
Short-term credit agreement borrowings, net change 13.9 41.2
Credit agreement borrowings 46.5 60.1
Credit agreement repayments (46.5) (20.1)
Dividends paid (19.8) (19.7)
Proceeds from stock options exercised 19.4 0.0
Withholding tax payments on share-based compensation awards (18.0) (3.4)
Net cash (used for) provided from financing activities (4.5) 58.1
Effect of exchange rate changes on cash and cash equivalents 1.1 3.2
DECREASE IN CASH AND CASH EQUIVALENTS (28.8) (134.2)
Cash and cash equivalents at beginning of year 44.5 154.2
Cash and cash equivalents at end of period 15.7 20.0
SUPPLEMENTAL CASH FLOW INFORMATION:    
Noncash investing activities: Purchase of property, plant, equipment and software $ 10.9 $ 8.1