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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities of Continuing Operations    
Net income from continuing operations $ 103.8 $ 74.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 34.7 39.3
Deferred income taxes (0.4) 1.5
Stock-based compensation 11.0 9.2
Provision for bad debt expense 1.6 (0.5)
(Gain) loss on sale of assets 0.9 (4.0)
Changes in assets and liabilities, excluding effects of acquisitions:    
Increase in accounts receivable, net (96.9) (64.4)
Increase in inventories, net (45.2) (6.9)
Increase in accounts payable 19.4 36.3
Decrease in current liabilities (42.9) (46.7)
Changes in other assets and liabilities, net 1.0 14.6
Contribution to qualified defined benefit pension plans 0.0 (0.1)
Other, net (1.4) 0.1
Net cash (used) provided by operating activities from Continuing Operations (14.4) 53.1
Cash Flows from Investing Activities of Continuing Operations    
Capital expenditures (21.4) (19.3)
Acquisitions, net of cash acquired 0.0 0.1
Proceeds from disposal of business, net of cash 348.6 0.0
Purchases of available-for-sale investments (15.2) (2.3)
Proceeds from available-for-sale investments 5.8 1.2
Other, net 0.1 5.3
Net cash provided (used) in investing activities from Continuing Operations 317.9 (15.0)
Cash Flows from Financing Activities of Continuing Operations    
Issuance of long-term debt 0.0 298.7
Payment of short-term debt, net (1.9) (91.6)
Payment of dividends (56.9) (53.2)
Debt issuance costs 0.0 (3.2)
Acquisition of common shares (144.0) (10.0)
Other, net (7.6) (8.3)
Net cash (used) provided by financing activities from Continuing Operations (210.4) 132.4
Discontinued Operations:    
Cash (used) provided by operating activities (22.1) 5.8
Cash used in investing activities (1.7) (0.3)
Cash (used) provided by discontinued operations (23.8) 5.5
Effect of exchange rate changes on cash and cash equivalents 3.2 (1.8)
Increase in cash and cash equivalents 72.5 174.2
Cash and cash equivalents, beginning of year 286.2 259.6
Cash and cash equivalents within assets held for sale, beginning of year 0.7 1.0
Restricted cash, included in other assets, beginning of year 2.7 0.0
Less: Restricted cash, included in Other Assets 3.1 0.0
Less: Cash and cash equivalents within assets held for sale, end of period 0.0 1.0
Cash and cash equivalents, end of period $ 359.0 $ 433.8