XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Operating activities:          
Net income attributable to common shareholders     $ 363.2 $ 246.7  
Gain on sale of business $ 228.7 $ 0.0 228.7 0.0  
Gain on sale of property     0.0 (18.5)  
Depreciation and amortization     61.0 62.3  
Stock-based compensation expense     11.9 12.4  
Defined benefit plans and postretirement credit     (6.6) (4.2)  
Deferred income taxes     19.9 (21.4)  
Cash used for operating working capital     (149.0) (29.1)  
Defined benefit plans and postretirement contributions     (8.6) (17.2)  
Environmental payments, net of reimbursements     (5.0) (3.6)  
Asbestos related payments, net of insurance recoveries     (23.4) (20.2)  
Other     14.3 (0.5)  
Total provided by operating activities     49.0 206.7  
Investing activities:          
Proceeds from disposition of capital assets     0.1 23.3  
Capital expenditures     (25.2) (14.6)  
Proceeds from Divestiture of Businesses     314.3 0.0  
Purchase of marketable securities     0.0 (10.0)  
Proceeds from sale of marketable securities     0.0 40.0  
Total provided by investing activities     289.2 38.7  
Financing activities:          
Dividends paid     (53.1) (50.2)  
Reacquisition of shares on open market     (203.7) 0.0  
Stock options exercised, net of shares reacquired     1.8 5.2  
Repayments of commercial paper with maturities greater than 90 days     0.0 (27.1)  
Net borrowings from issuance of commercial paper with maturities of 90 days or less     119.4 15.0  
Repayment of term loan     0.0 (348.1)  
Total used for financing activities     (135.6) (405.2)  
Effect of exchange rates on cash and cash equivalents     (30.6) (4.5)  
Increase (decrease) in cash and cash equivalents     172.0 (164.3)  
Cash and cash equivalents at beginning of period     478.6 551.0 $ 551.0
Cash and cash equivalents at end of period $ 650.6 $ 386.7 650.6 386.7 $ 478.6
Detail of cash used for operating working capital:          
Accounts receivable     (65.1) (45.1)  
Inventories     (57.3) (29.8)  
Other current assets     (14.1) (22.3)  
Accounts payable     13.5 49.7  
Accrued liabilities     (64.4) 3.3  
U.S. and foreign taxes on income     38.4 15.1  
Total     (149.0) (29.1)  
Supplemental disclosure of cash flow information:          
Interest paid     21.0 23.8  
Income taxes paid     $ 75.3 $ 37.0