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Condensed Consolidated and Combined Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Apr. 03, 2020
Mar. 29, 2019
Cash flows from operating activities:    
Net earnings $ (17.2) $ 37.9
Noncash items:    
Depreciation 9.5 9.8
Amortization 22.5 22.5
Stock-based compensation expense 6.0 4.1
Amortization of right-of-use assets 7.8 9.8
Change in trade accounts receivable, net 73.0 1.2
Change in inventories, net (36.7) (7.7)
Change in trade accounts payable (10.7) (39.4)
Change in prepaid expenses and other assets 11.4 (24.7)
Change in accrued expenses and other liabilities (118.8) (11.8)
Change in operating lease liabilities (9.1) (10.7)
Net cash used in operating activities (62.3) (9.0)
Cash flows from investing activities:    
Acquisitions, net of cash acquired (41.6) 0.0
Payments for additions to property, plant and equipment (13.6) (15.6)
Proceeds from sales of property, plant and equipment 0.0 0.3
All other investing activities 3.8 0.0
Net cash used in investing activities (51.4) (15.3)
Cash flows from financing activities:    
Proceeds from borrowings 249.8 0.0
Repayment of borrowings (0.1) 0.0
Proceeds from stock option exercises 3.3 0.0
Net transfers from Former Parent 0.0 24.3
All other financing activities 5.5 0.0
Net cash provided by financing activities 258.5 24.3
Effect of exchange rate changes on cash and equivalents (2.4) 0.0
Net change in cash and equivalents 142.4 0.0
Beginning balance of cash and equivalents 211.2 0.0
Ending balance of cash and equivalents 353.6 0.0
Supplemental data:    
Cash paid for interest 2.9 0.0
Cash paid for taxes 10.6 5.2
ROU assets obtained in exchange for operating lease obligations $ 0.8 $ 14.4