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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Operating activities:    
Net income $ 186.2 $ 190.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 151.6 139.8
Amortization 138.1 143.9
Share-based compensation expense 50.4 50.3
Provision for deferred income taxes (54.8) (47.1)
Loss on extinguishment of debt 1.7 11.4
Gain from sale of businesses 0.0 (4.3)
Charge for excess and obsolete inventory 26.7 29.9
Impairment of long-lived assets 6.3 13.0
Amortization of debt issuance costs and original issuance discounts 10.5 11.4
Other 11.6 4.5
Changes in operating assets and liabilities:    
Trade accounts and notes receivable 7.5 (52.1)
Inventories (34.4) (68.8)
Accounts payable and accrued liabilities 34.5 52.6
Other current assets 8.1 0.5
Income taxes payable and refundable income taxes (41.5) (23.7)
Other 0.9 3.8
Net cash provided by operating activities 503.4 455.6
Investing activities:    
Acquisition of property, plant and equipment (241.2) (208.1)
Proceeds from government incentives 8.2 0.0
Proceeds from sale of business, net 0.0 250.8
Other (1.5) (1.9)
Net cash (used in) provided by investing activities (234.5) 40.8
Financing activities:    
Proceeds from revolving credit facility 532.0 30.0
Payments of revolving credit facility (532.0) (30.0)
Proceeds from long-term debt 0.0 224.5
Payments of long-term debt (150.0) (698.3)
Payments for dividends (45.7) (45.5)
Issuance of common stock 3.6 13.6
Taxes paid related to net share settlement of equity awards (10.6) (16.1)
Other (1.4) (1.8)
Net cash used in financing activities (204.1) (523.6)
Effect of exchange rate changes on cash and cash equivalents 5.8 2.4
Increase (decrease) in cash and cash equivalents 70.6 (24.8)
Cash and cash equivalents at beginning of period 329.2 456.9
Cash and cash equivalents at end of period 399.8 432.1
Non-cash transactions:    
Equipment purchases in accounts payable 17.2 35.1
Share issuance in exchange for extinguishment of Employee Stock Purchase Plan liability 11.0 7.7
Dividend payable 0.8 0.7
Schedule of interest and income taxes paid:    
Interest paid, net of capitalized interest 94.7 99.7
Income taxes paid, net of refunds received $ 108.6 $ 92.3