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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Operating Activities:    
Net income $ 204.5 $ 154.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization: 82.4 73.9
Share-based compensation 14.6 17.2
Deferred taxes 33.5 30.3
Net gains from disposal of property, plant and equipment 0.2 (2.1)
Loss on sales of businesses 3.7 0.0
Changes in operating assets and liabilities:    
Inventories (50.6) (94.2)
Accounts receivable (71.9) (103.4)
Accounts payable (56.0) 16.7
Retirement benefits (4.1) (5.7)
Accrued liabilities and other (87.3) (84.4)
Cash provided by operating activities 69.0 2.3
Investing Activities:    
Purchases of property, plant and equipment (125.4) (126.0)
Proceeds from disposal of property, plant and equipment 0.1 5.9
Proceeds from sales of businesses, net of transaction costs 2.0 0.0
Other 4.1 3.0
Cash used in investing activities (119.2) (117.1)
Financing Activities:    
Payments on long-term debt and finance leases (16.3) (14.1)
Net payments under credit facilities 0.0 (4.9)
Purchase of treasury stock (320.0) (150.0)
Shares repurchased for income tax withholding on share-based compensation and other (29.5) (24.9)
Cash used in financing activities (365.8) (193.9)
Effect of exchange rate changes on cash and cash equivalents 14.4 0.0
Less: Cash held for sale 0.0 (9.6)
Decrease in cash and cash equivalents (401.6) (318.3)
Cash and cash equivalents at beginning of period 721.2 743.9
Cash and cash equivalents at end of period $ 319.6 $ 425.6