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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Operating activities:      
Net income attributable to common shareholders $ 62.8 $ 82.4  
Noncontrolling interests in subsidiaries’ earnings 0.0 (0.1)  
Net income before allocation to noncontrolling interests 62.8 82.5  
Deconsolidation of a joint venture 0.0 1.2  
Loss on deconsolidation of joint venture 0.0 (0.2)  
Depreciation and amortization 29.9 27.7  
Stock-based compensation expense 5.8 5.5  
Defined benefit plans and postretirement credit (1.8) (2.0)  
Deferred income taxes 6.1 5.4  
Cash used for operating working capital (123.7) (203.4)  
Defined benefit plans and postretirement contributions (1.5) (4.3)  
Environmental payments, net of reimbursements (2.7) (1.6)  
Asbestos related payments, net of insurance recoveries (11.7) (9.7)  
Other 1.3 (1.7)  
Total used for operating activities (35.5) (100.4)  
Investing activities:      
Payment for acquisition - net of cash acquired (172.0) 0.0  
Proceeds from Sale of Property, Plant, and Equipment 2.4 0.0  
Capital expenditures (7.8) (19.8)  
Total used for investing activities (177.4) (20.0)  
Financing activities:      
Dividends paid (25.5) (23.4)  
Reacquisition of shares on open market (70.0) 0.0  
Stock options exercised - net of shares reacquired 0.1 (0.4)  
ProceedsfromCommericalPapergreaterthan90days 170.0 55.5  
Proceeds from Issuance of Long-term Debt 0.0 3.0  
Repayment of long-term debt 0.0 (1.4)  
Net proceeds from issuance of commercial paper with maturities of 90 days or less 14.5 0.0  
Net borrowings under revolving credit facility 45.2 0.0  
Total provided by financing activities 134.3 33.3  
Effect of exchange rates on cash and cash equivalents (12.5) 0.5  
Decrease in cash and cash equivalents (91.1) (86.6)  
Cash and cash equivalents at beginning of period 393.9 343.4 $ 343.4
Cash and cash equivalents at end of period 302.8 256.8 $ 393.9
Detail of cash used for operating working capital:      
Accounts receivable 12.0 (65.4)  
Inventories (31.1) (29.9)  
Other current assets (17.1) (7.6)  
Accounts payable (61.1) (65.9)  
Accrued liabilities (26.5) (45.6)  
U.S. and foreign taxes on income 0.1 11.0  
Cash used for operating working capital (123.7) (203.4)  
Supplemental disclosure of cash flow information:      
Interest paid 8.0 9.1  
Income taxes paid $ 11.3 $ 5.5