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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 02, 2025
Feb. 25, 2024
Cash Flows from Operating Activities:    
Net income (loss) $ 135.0 $ (10.6)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 49.2 44.6
Goodwill impairment 2.5 5.5
Property, plant, and equipment impairment, and early lease terminations, net 2.5 0.0
Stock-based compensation 19.3 18.7
Deferred income taxes (5.7) (32.7)
Other, net 14.5 3.4
Net change in operating assets and liabilities (164.8) 257.1
Net cash provided by operating activities 52.5 286.0
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (66.6) (71.6)
Payments to acquire short-term investments (4.0) 0.0
Other investing activities, net (0.5) (0.1)
Net cash used for investing activities (71.1) (71.7)
Cash Flows from Financing Activities:    
Repurchase of common stock (30.0) (25.0)
Tax withholdings on equity awards (18.3) (15.3)
Dividends to stockholders (51.4) (47.9)
Other financing activities, net 2.2 (6.3)
Net cash used for financing activities (97.5) (94.5)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 0.5 (1.9)
Net increase (decrease) in cash and cash equivalents and restricted cash (115.6) 117.9
Beginning cash and cash equivalents 690.0 398.8
Ending cash and cash equivalents 574.4 516.7
Noncash Investing Activity:    
Property, plant and equipment acquired and not yet paid at end of period 36.3 26.3
Supplemental disclosure of cash flow information:    
Cash paid for income taxes during the period, net of refunds $ 18.7 $ 17.4