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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 27, 2026
Mar. 28, 2025
Operating activities:    
Net income $ 10.7 $ 31.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 16.1 18.5
Amortization of debt issuance costs 0.1 0.1
Share-based compensation expense 2.5 2.3
Asset impairments 16.1 0.0
Change in uncertain tax positions 0.7 (0.9)
Gain on disposal of property, plant and equipment, net (2.2) (0.8)
Income from equity method investments (6.6) 0.0
Deferred income taxes (1.2) (4.4)
Other, net (0.2) (0.4)
Changes in operating assets and liabilities    
Receivables (62.9) (38.7)
Inventories 21.0 (5.4)
Prepaid expenses and other current assets (1.6) (0.8)
Accounts payable and accrued expenses 50.8 46.1
Other assets and liabilities 0.8 (1.4)
Net cash provided by operating activities 44.1 46.1
Investing activities:    
Capital expenditures (14.4) (10.0)
Proceeds from sales of property, plant and equipment 12.8 1.9
Acquisition of select assets of Del Monte Foods, net of cash acquired   0.0
Distributions received from unconsolidated companies 29.6 0.0
Investments in and advances to unconsolidated companies (2.5) (1.2)
Other investing activities 0.0 (0.5)
Net cash used in investing activities (282.2) (8.8)
Financing activities:    
Proceeds from debt 266.9 148.4
Payments on debt (1.9) (159.5)
Distributions to noncontrolling interests 0.0 (0.1)
Share-based awards settled in cash for taxes (1.7) (0.9)
Dividends paid (14.2) (14.4)
Repurchase and retirement of ordinary shares 4.0 7.6
Other financing activities (0.4) (0.4)
Net cash provided by (used in) financing activities 244.7 (34.5)
Effect of exchange rate changes on cash (1.0) (1.0)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total 5.6 1.8
Cash, cash equivalents and restricted cash, beginning 64.2 32.6
Cash, cash equivalents and restricted cash, ending 69.8 34.4
Supplemental cash flow information:    
Cash paid for interest 2.2 4.2
Cash paid for income taxes 5.2 1.8
Non-cash financing and investing activities:    
Right-of-use assets obtained in exchange for new operating lease obligations 6.8 14.9
Noncash or Part Noncash Acquisitions [Table] 1.1 0.0
Dividends on restricted stock units 0.6 $ 0.4
Del Monte Foods    
Investing activities:    
Acquisition of select assets of Del Monte Foods, net of cash acquired (307.7)  
Financing activities:    
Cash, cash equivalents and restricted cash, beginning 64.2  
Cash, cash equivalents and restricted cash, ending $ 69.8