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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Aug. 25, 2024
Aug. 27, 2023
Cash Flows from Operating Activities:    
Net income $ 28.0 $ 122.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 138.8 122.2
Goodwill and other intangible asset impairment charges 116.9 90.2
Property, plant, and equipment impairment, and early lease terminations, net 12.1 25.0
Stock-based compensation 48.2 56.4
Deferred income taxes (68.6) (77.0)
Other, net 12.6 4.5
Net change in operating assets and liabilities 313.1 (167.4)
Net cash provided by operating activities 601.1 176.6
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (161.8) (250.4)
Payment for business acquisition (34.4) (8.6)
Proceeds on settlement of forward foreign exchange contracts not designated for hedge accounting, net 5.3 27.3
Proceeds from sale, maturity and collection of short-term investments 0.0 70.8
Other investing activities, net (1.3) 0.0
Net cash used for investing activities (192.2) (160.9)
Cash Flows from Financing Activities:    
Proceeds from senior revolving credit facility 0.0 200.0
Repayments of senior revolving credit facility 0.0 (175.0)
Repurchase of common stock (59.7) (8.1)
Tax withholdings on equity awards (21.1) (21.2)
Dividends to stockholders (147.1) (142.9)
Other financing activities, net (1.2) 8.1
Net cash used for financing activities (229.1) (139.1)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (1.5) (11.8)
Net increase (decrease) in cash and cash equivalents and restricted cash 178.3 (135.2)
Beginning cash and cash equivalents 398.8 429.7
Ending cash and cash equivalents 577.1 294.5
Noncash Investing Activity:    
Property, plant and equipment acquired and not yet paid at end of period 61.4 38.4
Right-of-use assets acquired in exchange for operating lease liabilities 30.6 0.0
Right-of-use assets acquired in exchange for finance lease obligation 14.0 0.0
Supplemental disclosure of cash flow information:    
Cash paid for income taxes during the period, net of refunds $ 75.7 $ 66.8