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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net income (loss) $ 62.5 $ (11.8)
Reconciliation to net cash used by operating activities:    
Depreciation and amortization 63.9 68.7
Amortization related to financing 0.4 2.1
Deferred income taxes (4.1) (10.7)
Equity in (earnings) losses from affiliated companies (3.7) 1.7
Stock-based compensation 12.8 13.3
Merger and restructuring expenses, net of payments (6.0) (2.5)
Gain on sale of asset (19.4)
Gain on Sale of Investments (0.3)  
Changes in assets and liabilities:    
Increase in accounts receivable (74.5) (45.9)
Increase in inventories (38.9) (21.8)
Increase in prepaid expenses and other current assets (10.1) (2.6)
Increase in accounts payable/accrued liabilities 28.4 50.7
Other – net 7.3 (2.3)
Net cash used for operating activities 18.3 38.9
Cash flows from investing activities    
Capital expenditures (37.9) (9.2)
Proceeds from sale of asset 21.2
Proceeds from sale of investments 0.5
Net cash used for investing activities (16.2) (9.2)
Cash flows from financing activities    
Borrowing from senior unsecured credit facility 35.0
Repayment of senior unsecured credit facility (46.0) (21.0)
Repayment of finance lease obligation and other debt, net (0.2) (0.4)
Dividends paid (16.8)
Activity under stock plans 1.4 4.8
Net cash used for financing activities (26.6) (16.6)
Effect of exchange rate changes on cash and cash equivalents (4.0) (1.1)
Net (decrease) increase in cash and cash equivalents (28.5) 12.0
Cash and cash equivalents at beginning of period 127.7 103.3
Cash and cash equivalents at end of period 99.2 115.3
Supplemental data:    
Accrual basis additions to plant, property, and equipment $ 28.3 $ 7.8