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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 27, 2025
Jun. 28, 2024
Cash flows from operating activities:    
Net income (loss) $ 44.4 $ (1,128.0)
Noncash items:    
Depreciation 19.9 21.1
Amortization 37.8 45.0
Allowance for credit losses 4.0 13.8
Stock-based compensation expense 16.8 16.3
Gain on investments in rabbi trust, net (1.6) 0.0
Loss on equity investments, net 0.0 1.1
Loss on sale of property, plant and equipment 0.3 0.0
Restructuring charges 0.2 0.0
Goodwill and intangible asset impairments 0.0 1,153.8
Fixed assets impairments and other charges 1.4 17.1
Non-cash operating lease costs 17.2 15.0
Amortization of debt discount and issuance costs 2.2 2.3
Deferred income taxes (0.9) (46.1)
Change in trade accounts receivable (37.2) 5.1
Change in inventories (23.5) (11.0)
Change in trade accounts payable (10.0) (5.0)
Change in prepaid expenses and other assets (4.3) (3.7)
Change in accrued expenses and other liabilities 44.5 56.7
Change in operating lease liabilities (22.2) (20.1)
Net cash provided by operating activities 89.0 133.4
Cash flows from investing activities:    
Payments for additions to property, plant and equipment (18.2) (17.8)
Purchases of investments held in rabbi trust (1.0) 0.0
Proceeds from sale of investments held in rabbi trust 0.9 0.0
Proceeds from sales of property, plant and equipment 0.5 0.0
All other investing activities, net (8.1) 1.2
Net cash used in investing activities (25.9) (16.6)
Cash flows from financing activities:    
Proceeds from stock option exercises 1.5 1.9
Cash paid for treasury stock (100.3) 0.0
Tax withholding payment related to net settlement of equity awards (4.3) (3.4)
Repayment of convertible notes due 2025 (116.3) 0.0
Proceeds from revolving line of credit 115.4 0.0
All other financing activities 0.0 (0.8)
Net cash used in financing activities (104.0) (2.3)
Effect of exchange rate changes on cash and cash equivalents 82.4 (18.3)
Net change in cash and cash equivalents 41.5 96.2
Beginning balance of cash and cash equivalents 1,069.1 940.0
Ending balance of cash and cash equivalents 1,110.6 1,036.2
Supplemental data:    
Cash paid for interest 23.1 29.5
Cash paid for taxes 21.6 15.9
ROU assets obtained in exchange for operating lease obligations $ 9.0 $ 19.5