v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating activities:      
Net income attributable to common shareholders $ 366.6 $ 294.7 $ 255.9
Income from discontinued operations, net of tax (Note 3) 34.9 26.5 80.0
Net income from continuing operations attributable to common shareholders 331.7 268.2 175.9
Depreciation and amortization 50.2 51.0 35.4
Stock-based compensation expense 27.2 25.6 25.8
Defined benefit plans and postretirement cost 8.4 3.2 8.9
Deferred income tax benefit (2.1) (11.6) (18.7)
Cash provided by (used for) operating working capital 8.9 (51.8) (51.3)
Defined benefit plans and postretirement contributions (16.9) (17.0) (18.3)
Environmental payments, net of reimbursements (2.9) (4.2) (3.9)
Other (9.7) (5.6) 8.3
Total provided by operating activities from continuing operations 394.8 257.8 162.1
Investing activities:      
Payments for acquisitions - net of cash acquired and working capital adjustments (0.2) (200.5) (90.5)
Capital expenditures (53.5) (36.6) (39.0)
Proceeds from insurance recoveries for damaged property, plant and equipment 5.1 1.0 0.0
Other investing activities 0.5 6.1 0.7
Total used for investing activities from continuing operations (48.1) (230.0) (128.8)
Financing activities:      
Dividends paid (52.9) (46.9) (57.3)
Net (payments) proceeds related to employee stock plans (5.2) (0.9) 21.8
Debt refinancing costs (5.6) 0.0 (9.0)
Proceeds from debt 1,150.0 190.0 300.0
Proceeds from term facility of discontinued operations 0.0 0.0 350.0
Repayments of debt (247.5) (191.9) (450.6)
Distribution of Crane NXT, Co. 0.0 0.0 (578.1)
Total provided by (used for) financing activities from continuing and discontinued operations 838.8 (49.7) (423.2)
Discontinued Operations:      
Total provided by operating activities 0.0 15.0 66.1
Total used for investing activities 213.6 (3.2) (7.8)
Increase in cash, cash equivalents and restricted cash from discontinued operations 213.6 11.8 58.3
Effect of exchange rate on cash, cash equivalents and restricted cash 24.0 (11.3) 3.6
Increase (decrease) in cash, cash equivalents and restricted cash 1,423.1 (21.4) (328.0)
Cash, cash equivalents and restricted cash at beginning of period 306.7 329.6 657.6
Cash, cash equivalents and restricted cash at end of period 1,729.8 308.2 329.6
Less: Cash, cash equivalents and restricted cash of discontinued operations 0.0 1.5 0.0
Cash, cash equivalents and restricted cash of continuing operations at end of period 1,729.8 306.7 329.6
Less: Restricted cash 1,223.3 0.0 0.0
Cash and cash equivalents of continuing operations at end of period 506.5 306.7 329.6
Detail of cash provided by (used for) operating working capital from continuing operations:      
Accounts receivable (13.4) (32.1) (23.7)
Inventories 11.3 (21.2) (42.1)
Other current assets 47.1 (54.3) 39.2
Accounts payable 2.9 23.8 (1.9)
Accrued liabilities (44.9) 39.0 5.5
U.S. and foreign taxes on income 5.9 (7.0) (28.3)
Cash provided by (used for) operating working capital 8.9 (51.8) (51.3)
Supplemental disclosure of cash flow information:      
Interest paid 7.8 24.4 20.3
Income taxes paid $ 96.5 $ 88.9 $ 110.5