XML 16 R6.htm IDEA: XBRL DOCUMENT v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 29, 2026
Mar. 30, 2025
Operating Activities:    
Net income $ 120.5 $ 100.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 45.0 40.8
Non-cash restructuring charges, net 4.8 0.0
Share-based compensation 6.4 7.2
Deferred taxes 5.5 9.0
Net gain from disposal of property, plant and equipment 0.1 0.3
Net loss on sales of businesses 0.0 3.7
Changes in operating assets and liabilities:    
Inventories (179.0) (40.8)
Accounts receivable 21.5 (115.0)
Accounts payable 94.8 (34.6)
Retirement benefits (3.1) (2.3)
Accrued liabilities and other 11.7 (61.3)
Cash provided by (used in) operating activities 128.2 (92.5)
Investing Activities:    
Purchases of property, plant and equipment (55.2) (53.3)
Proceeds from sales of businesses, net of transaction costs 1.6 0.0
Other 0.0 2.7
Cash used in investing activities (53.6) (50.6)
Financing Activities:    
Borrowings on long-term debt 105.0 0.0
Payments on long-term debt and finance leases (38.6) (8.0)
Net borrowings under credit facilities 0.9 0.0
Purchase of treasury stock (75.0) (70.0)
Shares repurchased for income tax withholding on share-based compensation and other (81.1) (29.5)
Cash used in financing activities (88.8) (107.5)
Effect of exchange rate changes on cash and cash equivalents (0.8) 5.2
Decrease in cash and cash equivalents (15.0) (245.4)
Cash and cash equivalents at beginning of period 416.7 721.2
Cash and cash equivalents at end of period $ 401.7 $ 475.8