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Condensed Consolidated and Combined Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jul. 03, 2020
Jun. 28, 2019
Cash flows from operating activities:    
Net (loss) income $ (110.7) $ 99.4
Noncash items:    
Depreciation 19.6 19.8
Amortization 45.3 45.0
Allowance for doubtful accounts 11.6 3.1
Stock-based compensation expense 11.7 8.9
Restructuring charges 9.0 0.0
Impairment charges 10.3 0.0
Amortization of right-of-use assets 15.2 16.1
Amortization of debt discount and issuance costs 2.7 0.0
Change in trade accounts receivable, net 126.1 (16.1)
Change in inventories, net (9.4) (1.7)
Change in trade accounts payable (77.1) (24.4)
Change in prepaid expenses and other assets (3.0) (28.0)
Change in accrued expenses and other liabilities (90.8) 10.4
Change in operating lease liabilities (18.1) (19.8)
Net cash (used in) provided by operating activities (57.6) 112.7
Cash flows from investing activities:    
Acquisitions, net of cash acquired (40.7) 0.0
Payments for additions to property, plant and equipment (21.4) (42.1)
Proceeds from sales of property, plant and equipment 0.0 0.4
All other investing activities 7.7 (0.2)
Net cash used in investing activities (54.4) (41.9)
Cash flows from financing activities:    
Proceeds from issuance of convertible senior notes 517.5 0.0
Payment of debt issuance and other deferred financing costs (17.3) 0.0
Proceeds from revolving line of credit 249.8 0.0
Repayment of borrowings (0.1) 0.0
Purchase of capped calls related to issuance of convertible senior notes (20.7) 0.0
Proceeds from stock option exercises 5.0 0.0
Net transfers to Former Parent 0.0 (70.8)
All other financing activities (1.1) 0.0
Net cash provided by (used) in financing activities 733.1 (70.8)
Effect of exchange rate changes on cash and equivalents (9.9) 0.0
Net change in cash and equivalents 611.2 0.0
Beginning balance of cash and equivalents 211.2 0.0
Ending balance of cash and equivalents 822.4 0.0
Supplemental data:    
Cash paid for interest 16.8 0.0
Cash paid for taxes 14.2 11.7
ROU assets obtained in exchange for operating lease obligations $ 4.3 $ 12.2