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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Oct. 01, 2021
Sep. 25, 2020
Operating activities:    
Net income $ 90.6 $ 47.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 72.5 70.5
Amortization of debt issuance costs 0.4 0.4
Share-based compensation expense 5.8 6.2
Asset impairments 0.3 2.9
Change in uncertain tax positions 1.7 0.0
Gain on disposal of property, plant and equipment (4.2) (1.5)
Deferred income taxes (6.0) (2.9)
Foreign currency translation adjustment (1.7) 1.6
Other, net (4.5) 0.0
Changes in operating assets and liabilities    
Receivables (13.7) 21.9
Inventories (36.7) 46.0
Prepaid expenses and other current assets 4.6 (6.8)
Accounts payable and accrued expenses 42.8 (18.0)
Other noncurrent assets and liabilities (0.3) 6.3
Net cash provided by operating activities 151.6 173.9
Investing activities:    
Capital expenditures (83.4) (92.9)
Proceeds from sales of property, plant and equipment 12.5 9.8
Proceeds from settlement of derivatives not designated as hedges 4.6 0.0
Payments to Acquire Other Investments (1.9) 0.0
Other investing activities 1.0 0.6
Net cash used in investing activities (67.2) (82.5)
Financing activities:    
Proceeds from debt 476.6 541.9
Payments on debt (541.5) (617.9)
Distribution to noncontrolling interests (5.2) (6.3)
Share-based awards settled in cash for taxes (0.4) (0.6)
Dividends paid (16.6) (9.6)
Repurchase and retirement of ordinary shares 0.0 (20.8)
Other Financing Activities 0.4 1.9
Net cash used in financing activities (86.7) (111.4)
Effect of exchange rate changes on cash 4.8 0.7
Net increase (decrease) in cash and cash equivalents 2.5 (19.3)
Cash and cash equivalents, beginning 16.5 33.3
Cash and cash equivalents, ending 19.0 14.0
Supplemental cash flow information:    
Cash paid for interest 16.4 15.6
Cash paid for income taxes 7.8 8.3
Non-cash financing and investing activities:    
Right-of-use assets obtained in exchange for new operating lease obligations 51.4 34.2
Retirement of ordinary shares 0.0 20.8
Dividends on restricted stock units $ 0.2 $ 0.4