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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 27, 2020
Mar. 29, 2019
Operating activities:    
Net income $ 13.0 $ 37.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 23.6 24.4
Amortization of debt issuance costs 0.1 0.3
Share-based compensation expense 2.6 4.2
Asset impairment, net 0.9 2.8
Gain on disposal of property, plant and equipment (0.2) (3.5)
Equity loss of unconsolidated companies (0.1) 0.0
Deferred income taxes (0.2) 7.0
Foreign currency translation adjustment (0.8) (0.3)
Changes in operating assets and liabilities    
Receivables (46.8) (45.0)
Inventories (12.3) (9.4)
Prepaid expenses and other current assets (2.0) 4.3
Accounts payable and accrued expenses 25.9 (23.4)
Other noncurrent assets and liabilities (1.7) (5.8)
Net cash provided by (used in) operating activities 2.2 (7.2)
Investing activities:    
Capital expenditures (16.6) (34.2)
Proceeds from sales of property, plant and equipment 0.4 4.6
Other investing activities 0.1 0.0
Net cash used in investing activities (16.1) (29.6)
Financing activities:    
Proceeds from debt 271.9 326.4
Payments on debt (257.9) (290.8)
Distributions to noncontrolling interests, net (0.8) (1.0)
Proceeds from stock options exercised 0.0 0.2
Share-based awards settled in cash for taxes 0.4 0.4
Dividends paid (4.8) 0.0
Repurchase and retirement of ordinary shares (7.8) 0.0
Net cash provided by financing activities 0.2 35.2
Effect of exchange rate changes on cash 1.1 2.2
Net (decrease) increase in cash and cash equivalents (12.6) 0.6
Cash and cash equivalents, beginning 33.3 21.3
Cash and cash equivalents, ending 20.7 21.9
Supplemental cash flow information:    
Cash paid for interest 7.8 4.5
Cash paid for income taxes 2.2 1.7
Non-cash financing and investing activities:    
Right-of-use assets obtained in exchange for new operating lease obligations 19.2 17.4
Retirement of ordinary shares 7.8 0.0
Dividends on restricted stock units $ (0.4) $ 0.0