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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 27, 2026
Jun. 28, 2025
Operating activities:    
Net income $ 185.6 $ 115.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 68.5 101.2
Amortization 92.4 92.1
Share-based compensation expense 35.1 32.0
Provision for deferred income taxes (23.6) (35.5)
Loss on extinguishment of debt 2.2 0.0
Charge for excess and obsolete inventory 21.9 20.3
Amortization of debt issuance costs and original issuance discounts 6.5 7.0
Other 11.4 14.7
Changes in operating assets and liabilities:    
Trade accounts receivable (101.2) 8.8
Inventories (83.3) (76.2)
Accounts payable and accrued liabilities 114.5 (25.7)
Other current assets 11.3 11.7
Income taxes payable and refundable income taxes (8.3) (12.5)
Other 6.2 0.3
Net cash provided by operating activities 339.2 253.9
Investing activities:    
Acquisition of property, plant and equipment (80.8) (174.5)
Proceeds from government incentives 5.4 0.0
Other 0.8 (0.4)
Net cash used in investing activities (74.6) (174.9)
Financing activities:    
Proceeds from revolving credit facility 65.0 507.0
Payments of revolving credit facility (65.0) (507.0)
Payments of long-term debt (250.0) 0.0
Payments for debt issuance costs (2.0) 0.0
Payments for dividends (30.8) (30.6)
Proceeds from issuance of common stock 32.5 1.5
Taxes paid related to net share settlement of equity awards (18.8) (10.1)
Other (1.0) (1.0)
Net cash used in financing activities (270.1) (40.2)
Effect of exchange rate changes on cash and cash equivalents (1.3) 8.8
(Decrease) increase in cash and cash equivalents (6.8) 47.6
Cash and cash equivalents at beginning of period 360.4 329.2
Cash and cash equivalents at end of period 353.6 376.8
Non-cash transactions:    
Equipment purchases in accounts payable 19.9 25.0
Dividend payable 0.7 0.7
Schedule of interest and income taxes paid:    
Interest paid, net of capitalized interest 89.3 85.0
Income taxes paid, net of refunds received $ 46.1 $ 60.9