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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Operating Activities:    
Net income (loss) $ (96.7) $ 68.5
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 45.5 47.5
Reduction of right of use asset 7.8 7.0
Provision for litigation reserve and credit losses 215.0 30.0
Restructuring costs 11.3 0.0
Other non-cash items, net (40.1) 9.7
Net changes in operating assets and liabilities (84.3) (56.7)
Net cash provided by operating activities 58.5 106.0
Investing Activities:    
Purchases of property, plant and equipment, net (47.4) (36.7)
Payments related to acquisition of business, net of cash acquired 0.0 (4.0)
Proceeds from sale of short-term investments 3.9 3.1
Purchases of short-term investments (5.5) (5.2)
Other investing activities (8.7) (3.0)
Net cash used in investing activities (57.7) (45.8)
Financing Activities:    
Proceeds from issuance of short-term debt 12.5 0.0
Repayment of long-term debt (1.6) (7.2)
Repayment of short-term debt 0.0 (16.3)
Purchase of common stock for treasury (30.5) (34.6)
Proceeds from issuance of stock under option plan 0.1 13.0
Excess tax benefits related to stock incentive programs (3.5) (2.8)
Dividends paid to non-controlling interests (3.7) (0.4)
Cash dividends paid (7.0) (6.5)
Net cash used in financing activities (33.7) (54.8)
Effect of exchange rate changes on cash and cash equivalents 13.6 (12.0)
Net decrease in cash and cash equivalents (19.3) (6.6)
Cash and cash equivalents at beginning of period 333.1 [1] 317.2
Cash and cash equivalents at end of period 313.8 310.6
Supplemental disclosure of cash flow information:    
Interest paid 26.7 31.3
Income taxes paid 40.1 36.2
Non-cash financing activities:    
Treasury stock purchases settled after period end 0.3 0.3
Excise tax charged to equity not paid $ 0.2 $ 0.0
[1] Condensed from audited financial statements