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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Mar. 30, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net income $ 25.0 $ 90.1
(Loss) income from discontinued operations, net of tax (1.4) 22.7
Net income from continuing operations 26.4 67.4
Adjustments to reconcile net income from continuing operations to net cash used by operating activities from continuing operations:    
Depreciation 28.0 28.8
Amortization 21.0 22.2
Share based compensation 9.9 8.4
Impairment of intangible assets 15.7 43.0
Impairment of property, plant and equipment and operating lease assets 0.0 0.5
Gain on early extinguishment of debt 0.0 (4.7)
Amortization of debt issuance costs and debt discount 1.7 2.0
Non-cash purchase accounting adjustments 0.0 0.9
Non-cash accrual for representation and warranty proceeds 0.0 (15.0)
Deferred tax (benefit) expense (5.8) 10.9
Net changes in operating assets and liabilities (145.5) (83.7)
Net cash (used) provided by operating activities from continuing operations (48.6) 80.7
Net cash used by operating activities from discontinued operations (0.7) (81.5)
Net cash used by operating activities (49.3) (0.8)
Cash flows from investing activities    
Purchases of property, plant and equipment (15.1) (20.9)
Purchases of short term investments 0.0 (700.0)
Proceeds from sale of short term investments 0.0 1,292.0
Purchase price settlement from sale of HHI 0.0 (26.9)
Other investing activity (0.1) (0.1)
Net cash (used) provided by investing activities (15.2) 544.1
Cash flows from financing activities    
Payment of debt and debt premium (5.1) (177.9)
Proceeds from issuance of debt 83.0 0.0
Payment of debt issuance costs (0.1) (3.2)
Dividends paid to shareholders (25.3) (26.8)
Dividends paid by subsidiary to non-controlling interest (0.7) 0.0
Treasury stock purchases (232.8) (340.5)
Excise tax paid on net share repurchases (9.7) 0.0
Share based award tax withholding payments, net of proceeds upon vesting (4.4) (5.4)
Other financing activity 0.1 0.0
Net cash used by financing activities (195.0) (553.8)
Effect of exchange rate changes on cash and cash equivalents (12.8) 2.3
Net change in cash, cash equivalents and restricted cash (272.3) (8.2)
Cash, cash equivalents, and restricted cash, beginning of period 370.5 753.9
Cash, cash equivalents, and restricted cash, end of period 98.2 745.7
Non cash investing activities    
Acquisition of property, plant and equipment through finance leases 1.5 1.8
Non cash financing activities    
Non-cash excise tax on net share repurchases 2.2 4.1
Issuance of shares through stock compensation plan 9.4 14.0
Continuing Operations    
Supplemental disclosure of cash flow information    
Cash paid for interest associated with continuing operations 11.5 35.9
Cash paid for taxes 31.9 17.8
Discontinued Operations    
Supplemental disclosure of cash flow information    
Cash paid for taxes $ 2.8 $ 59.1