v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
Operating activities:        
Net income attributable to common shareholders $ 284.9 $ 213.7    
Less: Income from discontinued operations, net of tax 34.9 15.8    
Net income from continuing operations attributable to common shareholders 250.0 197.9    
Depreciation and amortization 37.8 37.5    
Stock-based compensation expense 25.4 18.4    
Defined benefit plans and postretirement cost 6.1 2.4    
Deferred income taxes 0.0 (3.2)    
Cash used for operating working capital (108.7) (176.9)    
Defined benefit plans and postretirement contributions (16.7) (16.6)    
Environmental payments, net of reimbursements (2.0) (3.5)    
Other (2.9) (0.2)    
Total provided by operating activities from continuing operations 189.0 55.8    
Investing activities:        
Payment for acquisitions - net of cash acquired and working capital adjustments (0.2) (161.7)    
Capital expenditures (43.7) (22.8)    
Other investing activities 0.5 5.6    
Total used for investing activities from continuing operations (43.4) (178.9)    
Financing activities:        
Dividends paid (39.7) (35.1)    
Net payments related to employee stock plans (5.9) (3.5)    
Debt refinancing costs (3.8) 0.0    
Proceeds from debt 0.0 190.0    
Repayments of debt (247.5) (106.9)    
Total (used for) provided by financing activities from continuing and discontinued operations (296.9) 44.5    
Discontinued Operations:        
Total provided by operating activities 0.0 8.0    
Total provided by (used for) investing activities(a) 213.6 (2.7)    
Increase in cash and cash equivalents from discontinued operations 213.6 5.3    
Effect of exchange rates on cash and cash equivalents 19.2 1.9    
Increase (decrease) in cash and cash equivalents 81.5 (71.4)    
Cash and cash equivalents of continuing operations at end of period 388.2 258.2 $ 306.7 $ 329.6
Detail of cash used for operating working capital from continuing operations:        
Accounts receivable (40.7) (73.2)    
Inventories (7.0) (27.4)    
Other current assets 47.8 (10.4)    
Accounts payable (36.0) (12.9)    
Accrued liabilities (77.0) (34.4)    
U.S. and foreign taxes on income 4.2 (18.6)    
Total (108.7) (176.9)    
Supplemental disclosure of cash flow information:        
Interest paid 7.8 19.3    
Income taxes paid $ 71.4 $ 78.7