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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 $ 62.9 $ 45.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 49.9 45.3
Amortization 46.1 50.2
Share-based compensation expense 13.4 7.9
Provision for deferred income taxes (16.2) (11.3)
Loss on extinguishment of debt 0.0 10.6
Gain from sale of business 0.0 (4.8)
Charge for excess and obsolete inventory 11.8 12.7
Impairment of long-lived assets 0.0 13.0
Amortization of debt issuance costs and original issuance discounts 3.5 4.1
Other 3.9 4.6
Changes in operating assets and liabilities:    
Trade accounts and notes receivable (1.5) 23.2
Inventories (45.2) (34.9)
Accounts payable and accrued liabilities 9.6 (8.9)
Other current assets (3.6) (9.7)
Income taxes payable and refundable income taxes 5.6 (1.9)
Other 0.2 1.8
Net cash provided by operating activities 140.4 147.2
Investing activities:    
Acquisition of property, plant and equipment (108.0) (66.6)
Proceeds from sale of business, net 0.0 249.6
Other (0.3) (2.0)
Net cash (used in) provided by investing activities (108.3) 181.0
Financing activities:    
Proceeds from revolving credit facility 180.0 0.0
Payments of revolving credit facility (180.0) 0.0
Proceeds from long-term debt 0.0 224.5
Payments of long-term debt 0.0 (643.3)
Payments for dividends (15.4) (15.3)
Issuance of common stock 1.4 9.0
Taxes paid related to net share settlement of equity awards (8.0) (14.4)
Other (0.4) (0.4)
Net cash used in financing activities (22.4) (439.9)
Effect of exchange rate changes on cash and cash equivalents 2.0 (4.5)
Increase (decrease) in cash and cash equivalents 11.7 (116.2)
Cash and cash equivalents at beginning of period 329.2 456.9
Cash and cash equivalents at end of period 340.9 340.7
Supplemental Cash Flow Information    
Equipment purchases in accounts payable 27.2 13.9
Due from buyer on sale of business 0.0 1.8
Dividend payable 0.6 0.5
Schedule of interest and taxes paid    
Interest paid, net of capitalized interest 0.0 12.4
Income taxes paid, net of refunds received $ 19.2 $ 17.5