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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 26, 2020
Jun. 28, 2019
Operating activities:    
Net income $ 31.1 $ 76.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 46.8 48.5
Amortization of debt issuance costs 0.3 0.5
Share-based compensation expense 4.7 6.1
Asset impairment, net 2.8 3.3
Gain on disposal of property, plant and equipment (1.6) (9.2)
Deferred income taxes (3.2) 7.6
Foreign currency translation adjustment (1.2) (1.2)
Changes in operating assets and liabilities    
Receivables (9.9) (20.6)
Inventories 53.6 30.0
Prepaid expenses and other current assets (3.0) 1.6
Accounts payable and accrued expenses (12.6) (73.7)
Other noncurrent assets and liabilities 2.7 (4.1)
Net cash provided by operating activities 110.5 65.0
Investing activities:    
Capital expenditures (35.9) (70.2)
Proceeds from sales of property, plant and equipment 2.2 28.0
Proceeds from sale of investment 0.5 0.7
Net cash used in investing activities (33.2) (41.5)
Financing activities:    
Proceeds from debt 395.0 587.3
Payments on debt (444.8) (612.0)
     Distributions to noncontrolling interests, net (1.1) (1.8)
Proceeds from stock options exercised 0.0 0.3
Share-based awards settled in cash for taxes 0.5 0.9
Dividends paid (7.2) 0.0
Repurchase and retirement of ordinary shares (20.8) (9.2)
Net cash used in financing activities (79.4) (36.3)
Effect of exchange rate changes on cash 0.3 7.7
Net decrease in cash and cash equivalents (1.8) (5.1)
Cash and cash equivalents, beginning 33.3 21.3
Cash and cash equivalents, ending 31.5 16.2
Supplemental cash flow information:    
Cash paid for interest 7.9 7.4
Cash paid for income taxes 3.4 5.9
Non-cash financing and investing activities:    
Right-of-use assets obtained in exchange for new operating lease obligations 28.0 26.1
Retirement of ordinary shares 20.8 9.2
Dividends on restricted stock units (0.4) 0.0
Gain on Sale of Investments $ 0.0 $ 0.6