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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Operating Activities    
Net income $ 166.3 $ 172.4
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation 48.8 49.0
Amortization 29.1 28.3
Provision for credit losses and sales returns 11.9 11.8
Stock-based compensation 7.9 7.5
Deferred taxes and other non-cash taxes (14.8) (3.0)
Other non-cash expense and loss (income and gain), net 20.5 18.1
Changes in assets and liabilities and other adjustments (286.0) (164.3)
Net cash (used in) provided by operating activities (16.3) 119.8
Investing Activities    
Purchases of property, plant and equipment (36.0) (48.8)
Purchases of software and other deferred charges (7.6) (6.9)
Purchases of Argentine Blue Chip Swap securities 0.0 (20.2)
Proceeds from sales of Argentine Blue Chip Swap securities 0.0 14.0
Proceeds from sales of property, plant and equipment 0.0 0.1
Proceeds from insurance and sales (purchases) of investments, net 6.8 0.1
Proceeds from settlement of net investment hedges 6.2 0.0
Payments for acquisitions, net of cash acquired, and venture investments (2.6) (0.3)
Net cash used in investing activities (33.2) (62.0)
Financing Activities    
Net increase (decrease) in borrowings with maturities of three months or less 796.5 15.9
Repayments of long-term debt and finance leases (525.0) (1.7)
Dividends paid (69.4) (65.3)
Share repurchases (261.6) (15.6)
Net (tax withholding) proceeds related to stock-based compensation (11.9) (18.3)
Payments for settlement of fair value hedges (13.5) 0.0
Net cash used in financing activities (84.9) (85.0)
Effect of foreign currency translation on cash balances 1.2 (2.1)
Increase (decrease) in cash and cash equivalents (133.2) (29.3)
Cash and cash equivalents, beginning of year 329.1 215.0
Cash and cash equivalents, end of period $ 195.9 $ 185.7