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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING ACTIVITIES    
Net income $ 92.9 $ 18.0
Adjustments to reconcile net income to net cash provided from (used for) operating activities:    
Depreciation and amortization 100.8 97.5
Goodwill impairment 14.1 0.0
Deferred income taxes (11.3) 0.0
Net pension expense 69.8 14.9
Share-based compensation expense 13.7 10.4
Net loss on disposals of property, plant and equipment 3.5 0.7
Changes in working capital and other:    
Accounts receivable 9.3 (130.6)
Inventories (155.6) (213.5)
Other current assets (19.2) (0.3)
Accounts payable (1.0) 42.0
Accrued liabilities (5.2) 8.4
Pension plan contributions (4.9) 0.0
Other postretirement plan contributions (1.8) (2.6)
Other, net 0.3 (5.1)
Net cash provided from (used for) operating activities 105.4 (160.2)
INVESTING ACTIVITIES    
Purchases of property, plant, equipment and software (68.9) (51.5)
Proceeds from disposals of property, plant and equipment 0.1 0.0
Net cash used for investing activities (68.8) (51.5)
FINANCING ACTIVITIES    
Short-term credit agreement borrowings, net change 0.0 3.6
Credit agreement borrowings 62.5 183.7
Credit agreement repayments (62.5) (78.7)
Dividends paid (29.9) (29.5)
Proceeds from stock options exercised 19.8 1.5
Withholding tax payments on share-based compensation awards (18.2) (3.5)
Net cash (used for) provided from financing activities (28.3) 77.1
Effect of exchange rate changes on cash and cash equivalents 0.7 2.7
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 9.0 (131.9)
Cash and cash equivalents at beginning of year 44.5 154.2
Cash and cash equivalents at end of period 53.5 22.3
SUPPLEMENTAL CASH FLOW INFORMATION:    
Noncash investing activities: Purchase of property, plant, equipment and software $ 11.6 $ 11.2