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Condensed Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities    
Net income $ 393.0 $ 243.6
Adjustments to reconcile net income to net cash and cash equivalents provided by (used for) operating activities:    
Stock-based compensation 3.1 2.0
Loss on Debt Extinguishment 0.0 23.5
Depreciation and amortization 151.7 145.2
Deferred income taxes 7.9 51.6
Qualified pension plan contributions (0.4) (0.1)
Qualified pension plan income (8.0) (7.3)
Change in:    
Receivables (85.6) (207.1)
Income taxes receivable/payable 88.0 4.6
Inventories (45.0) (10.7)
Other current assets (20.3) 12.2
Accounts payable and accrued liabilities (132.6) (3.3)
Other assets (0.8) 8.2
Other noncurrent liabilities 2.8 7.5
Other operating activities (0.3) (0.1)
Net operating activities 353.5 269.8
Investing Activities    
Capital expenditures (47.3) (51.2)
Net investing activities (47.3) (51.2)
Long-term debt:    
Borrowings 65.0 365.0
Repayments (65.2) (485.2)
Debt Early Redemption Premium 0.0 (18.7)
Common stock repurchased and retired (263.2) 0.0
Stock options exercised 5.2 25.7
Dividends paid (30.8) (31.7)
Debt issuance costs 0.0 (3.1)
Net financing activities (289.0) (148.0)
Effect of exchange rate changes on cash and cash equivalents 0.2 (0.4)
Net increase in cash and cash equivalents 17.4 70.2
Cash and cash equivalents, beginning of year 180.5 189.7
Cash and cash equivalents, end of period 197.9 259.9
Cash paid for interest and income taxes:    
Interest, net 53.5 98.2
Income taxes, net of refunds 20.0 4.7
Non-cash investing activities:    
Decrease in capital expenditures included in accounts payable and accrued liabilities $ 11.4 $ 28.9