In millions, except per share items | Jun-30-23 | Mar-31-23 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 | Jun-30-21 | Mar-31-21 |
| 10-Q | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q |
Operating Activities | | | | | | | | |
Net income | 92.0 | 99.0 | 112.0 | 82.0 | 113.0 | 114.0 | 113.0 | 87.0 |
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Adjustments to reconcile net income to net cash from operating activities: | | | | | | | | |
Depreciation | 41.0 | 28.0 | 28.0 | 28.0 | 28.0 | 31.0 | 29.0 | 30.0 |
Amortization | 51.0 | 32.0 | 32.0 | 30.0 | 31.0 | 31.0 | 33.0 | 32.0 |
Share-based compensation | 15.0 | 12.0 | 9.0 | 9.0 | 8.0 | 8.0 | 8.0 | 9.0 |
Restructuring and asset impairment charges | 22.0 | -4.0 | | -3.0 | -8.0 | -8.0 | -9.0 | -18.0 |
Gain from sale of business | | | | 1.0 | -4.0 | | 2.0 | |
Other, net | -8.0 | 3.0 | 3.0 | 3.0 | 5.0 | -3.0 | 4.0 | 2.0 |
Payments for restructuring | 22.0 | -4.0 | | -3.0 | -8.0 | -8.0 | -9.0 | -18.0 |
Changes in assets and liabilities (net of acquisitions): | | | | | | | | |
Changes in receivables | -94.0 | -28.0 | -55.0 | -64.0 | 8.0 | -12.0 | -24.0 | -42.0 |
Changes in inventories | -2.0 | -55.0 | -83.0 | -106.0 | -32.0 | -46.0 | -43.0 | -46.0 |
Changes in accounts payable | 50.0 | -14.0 | 20.0 | 20.0 | 62.0 | -17.0 | 65.0 | -29.0 |
Changes in accrued and deferred taxes | -86.0 | | -2.0 | | -9.0 | | | |
Other, net | -56.0 | -98.0 | 44.0 | -79.0 | | 11.0 | 52.0 | -63.0 |
Net Cash – Operating activities | 28.0 | -19.0 | 113.0 | -81.0 | 220.0 | 112.0 | 232.0 | -26.0 |
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Investing Activities | | | | | | | | |
Capital expenditures | -54.0 | -49.0 | -46.0 | -49.0 | -81.0 | -47.0 | -41.0 | -39.0 |
Acquisitions of businesses, net of cash acquired | -476.0 | | | | | | | |
Proceeds from sale of business | 91.0 | | | 1.0 | | | 2.0 | |
Proceeds from the sale of property, plant and equipment | | | 2.0 | 1.0 | | 1.0 | -1.0 | 1.0 |
Cash received from investments | -2.0 | 2.0 | | 4.0 | | | | |
Cash paid for investments | | | -1.0 | -6.0 | | | | |
Cash paid for equity investments | -56.0 | | -1.0 | | | | | |
Cash received from interest rate swaps | 38.0 | | | | | | | |
Cash received from cross-currency swaps | 3.0 | 11.0 | 4.0 | 7.0 | | | | |
Other, net | 4.0 | -1.0 | 1.0 | -1.0 | -13.0 | 2.0 | 2.0 | 7.0 |
Net Cash – Investing activities | -452.0 | -37.0 | -41.0 | -43.0 | -70.0 | -44.0 | -38.0 | -31.0 |
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Financing Activities | | | | | | | | |
Short-term debt issued, net | 74.0 | | | | | | | |
Long-term debt issued, net | 275.0 | | | | | | | |
Long-term debt repaid | -1.0 | | | | | -600.0 | | |
Repurchase of common stock | -1.0 | -8.0 | -1.0 | -51.0 | | | -1.0 | -67.0 |
Proceeds from exercise of employee stock options | 33.0 | 7.0 | 2.0 | 1.0 | 4.0 | 6.0 | 6.0 | 3.0 |
Dividends paid | -79.0 | -60.0 | -55.0 | -55.0 | -51.0 | -50.0 | -51.0 | -51.0 |
Other, net | -3.0 | -2.0 | 2.0 | -1.0 | -2.0 | | -1.0 | |
Net Cash – Financing activities | 298.0 | -63.0 | -52.0 | -106.0 | -49.0 | -644.0 | -47.0 | -115.0 |
Effect of exchange rate changes on cash | -3.0 | 12.0 | -24.0 | -2.0 | -26.0 | | 5.0 | -15.0 |
Net change in cash and cash equivalents | -129.0 | -107.0 | -4.0 | -232.0 | 94.0 | -585.0 | 152.0 | -187.0 |
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Supplemental disclosure of cash flow information: | | | | | | | | |
Cash paid during the period for: | | | | | | | | |
Interest | 19.0 | 11.0 | 17.0 | 23.0 | 16.0 | 25.0 | 17.0 | 41.0 |
Income taxes (net of refunds received) | 86.0 | 49.0 | 27.0 | 15.0 | 12.0 | 11.0 | 32.0 | 28.0 |