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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 29, 2024
Dec. 31, 2023
Jan. 01, 2023
Operating Activities      
Net income (loss) including noncontrolling interest $ 820.7 $ 886.6 $ 788.9
Adjustments to reconcile net income (loss) including noncontrolling interest to net cash provided by (used in) operating activities:      
Depreciation and amortization 309.9 316.4 332.2
Stock-based compensation 37.7 32.3 31.5
Bridge financing and debt extinguishment (income) expense 0.0 (1.6) (10.6)
Impairment of intangible assets 52.5 0.0 0.4
Changes in operating assets and liabilities, net of businesses acquired:      
Accounts receivable and unbilled receivables (22.8) (21.7) (87.9)
Inventories (10.4) (14.3) (155.2)
Prepaid expenses and other assets (7.5) (42.6) (50.4)
Accounts payable 33.7 (124.9) 45.9
Accrued expenses and other liabilities 89.4 49.7 (344.2)
Deferred taxes and income taxes receivable (payable), net (120.7) (230.9) (35.2)
Other, net 9.4 (12.9) (28.6)
Net cash provided by (used in) operating activities 1,191.9 836.1 486.8
Investing Activities      
Purchases of property, plant and equipment (83.7) (114.9) (92.6)
Purchase of businesses and other investments, net of cash acquired (123.7) (77.7) (99.6)
Other investing, net 0.2 2.3 16.8
Net cash provided by (used in) investing activities (207.2) (190.3) (175.4)
Financing Activities      
Net proceeds (repayments) from credit facility 0.0 (125.0) 0.0
Payments on other debt (600.6) (553.9) (174.8)
Purchase of treasury stock (354.0) 0.0 0.0
Liquidations (maturities) of cross currency swap (18.7) (13.5) 43.1
Proceeds from stock options exercised 37.9 45.4 23.6
Other financing, net (10.4) (4.5) (1.9)
Net cash provided by (used in) financing activities (945.8) (651.5) (110.0)
Effect of exchange rate changes on cash and cash equivalents (37.4) 15.9 (38.0)
Change in cash and cash equivalents 1.5 10.2 163.4
Cash and cash equivalents—beginning of period 648.3 638.1 474.7
Cash and cash equivalents—end of period $ 649.8 $ 648.3 $ 638.1