XML 16 R6.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 29, 2024
Mar. 31, 2023
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ (1.3) $ 0.3
Net loss (65.4) (249.3)
Depreciation and amortization 35.1 145.1
Deferred income taxes 3.9 (33.4)
(Amortization) accretion expense on debt premium/discount and settlement obligation (1.1) 69.9
Other Noncash Income (Expense) 0.6 (20.0)
Increase (Decrease) in Accounts Receivable 0.8 (9.6)
Increase (Decrease) in Inventories (78.7) (48.0)
Accounts payable (13.3) (20.4)
Income taxes (6.4) 138.9
Increase (Decrease) in Other Operating Assets and Liabilities, Net 16.2 31.1
Net Cash Provided by (Used in) Operating Activities 15.8 99.9
Payments to Acquire Property, Plant, and Equipment 24.6 19.3
Payments for (Proceeds from) Other Investing Activities (0.4) (0.3)
Net Cash Provided by (Used in) Investing Activities (24.2) (19.0)
Repayment of Long-term Debt, Long-term Lease Obligation, and Capital Security 2.2 11.0
Net Cash Provided by (Used in) Financing Activities (2.2) (11.0)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (11.9) 70.2
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 331.5 536.9
Cash and cash equivalents 253.6 480.0
Restricted Cash and Investments, Current 37.1 21.5
Restricted Cash and Investments, Noncurrent 40.8 35.4
Cash Flows From Operating Activities:    
Net loss (65.4) (249.3)
Adjustments to reconcile net cash from operating activities:    
Depreciation and amortization 35.1 145.1
Deferred income taxes 3.9 (33.4)
Other non-cash items (0.6) 20.0
Changes in assets and liabilities:    
Accounts receivable, net (0.8) 9.6
Inventories 78.7 48.0
Accounts payable (13.3) (20.4)
Income taxes (6.4) 138.9
Other (16.2) (31.1)
Net Cash From Operating Activities 15.8 99.9
Cash Flows From Investing Activities:    
Capital expenditures (24.6) (19.3)
Other 0.4 0.3
Net Cash From Investing Activities (24.2) (19.0)
Cash Flows From Financing Activities:    
Repayment of debt (2.2) (11.0)
Net Cash Provided From Financing Activities (2.2) (11.0)
Net change in cash, cash equivalents and restricted cash (11.9) 70.2
Cash, cash equivalents and restricted cash at beginning of period 343.4 466.7
Cash, cash equivalents and restricted cash at end of period 331.5 536.9
Cash and cash equivalents, end of period 253.6 480.0
Retained Earnings (Deficit)    
Net loss (65.4) (249.3)
Cash Flows From Operating Activities:    
Net loss (65.4) (249.3)
Additional Paid-In Capital    
Share-based compensation 1.9 2.6
Adjustments to reconcile net cash from operating activities:    
Share-based compensation $ 1.9 $ 2.6