XML 23 R7.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 29, 2024
Dec. 31, 2023
Jan. 01, 2023
Operating Activities:      
Net income $ 382.7 $ 423.4 $ 339.1
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 151.5 146.1 142.9
Share-based compensation 34.1 29.1 26.0
Deferred taxes 86.4 (138.2) (0.1)
Gain from disposal of property, plant and equipment, net (15.7) (0.6) (0.9)
Net loss (gain) from sales of businesses (52.9) 0.6 112.2
Non-cash impairment charges 0.0 3.0 0.0
Change in operating assets and liabilities:      
Pension plan contributions 0.0 (272.0) (51.3)
Retirement benefits 4.4 53.8 (159.2)
Accounts receivable (85.0) (46.1) (128.5)
Inventories (118.5) (51.8) (190.8)
Accounts payable 87.6 (29.8) 156.1
Accrued income taxes (0.3) (4.8) 2.5
Accrued liabilities and other (67.1) (26.8) (23.1)
Cash provided by operating activities 407.2 85.9 224.9
Investing Activities:      
Purchases of property, plant and equipment (239.1) (200.7) (130.9)
Proceeds from disposal of property, plant and equipment 27.6 3.8 3.1
Proceeds from sales of businesses, net of transaction costs 48.0 (0.3) 0.3
Other 3.9 4.0 0.8
Cash used in investing activities (159.6) (193.2) (126.7)
Financing Activities:      
Borrowings on long-term debt 0.0 425.0 0.0
Payments on long-term debt and finance leases (29.6) (25.2) (23.1)
Net payments under credit facilities (4.9) (14.0) (5.6)
Debt issuance costs 0.0 (6.2) 0.0
Receipt of convertible note capped call 76.1 0.0 0.0
Purchase of treasury stock (260.0) (85.2) (139.9)
Sale to noncontrolling interests 0.0 0.0 6.4
Dividends paid to noncontrolling interests (16.0) (16.0) (34.0)
Shares repurchased for income tax withholding on share-based compensation (26.0) (11.2) (5.7)
Cash provided by (used in) financing activities (260.4) 267.2 (201.9)
Effect of exchange rate changes on cash and cash equivalents (7.6) 0.0 0.0
Cash Held For Sale (2.3) 0.0 0.0
Increase (decrease) in cash and cash equivalents (22.7) 159.9 (103.7)
Cash and cash equivalents at beginning of year 743.9 584.0 687.7
Cash and cash equivalents at end of year $ 721.2 $ 743.9 $ 584.0