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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Cash flows from (used in) operating activities:    
Net income $ 103.4 $ 93.2
Less: Loss from discontinued operations, net of tax (0.8) (1.2)
Income from continuing operations 104.2 94.4
Adjustments to reconcile income from continuing operations to net cash from operating activities:    
Special charges, net 0.1 0.4
(Gain) loss on change in fair value of equity security (4.5) 4.2
Amortization of compensation expense related to acquisition (Refer to Note 3) 10.9 0.0
Deferred and other income taxes (2.3) (10.6)
Depreciation and amortization 59.5 44.4
Pension and other employee benefits 8.7 6.9
Long-term incentive compensation 7.6 7.0
Other, net 0.1 (3.0)
Changes in operating assets and liabilities, net of effects from acquisitions and divestitures:    
Accounts receivable and other assets (63.1) (29.8)
Contribution related to employee retention agreements from acquisition (Refer to Note 3) (46.5) 0.0
Inventories (16.2) (10.7)
Accounts payable, accrued expenses and other (24.6) (33.0)
Cash spending on restructuring actions (0.9) (0.8)
Net cash from continuing operations 33.0 69.4
Net cash used in discontinued operations (1.4) (1.4)
Net cash from operating activities 31.6 68.0
Cash flows from (used in) investing activities:    
Proceeds/borrowings related to company-owned life insurance policies, net 3.1 42.9
Business acquisitions, net of cash acquired (447.7) (294.1)
Capital expenditures (13.2) (20.3)
Net cash used in continuing operations (457.8) (271.5)
Net cash from (used in) discontinued operations 0.0 0.0
Net cash used in investing activities (457.8) (271.5)
Cash flows from (used in) financing activities:    
Borrowings under senior credit facilities 478.0 575.2
Repayments under senior credit facilities (104.8) (382.0)
Borrowings under trade receivables arrangement 179.0 132.0
Repayments under trade receivables arrangement (148.0) (93.0)
Net borrowings (repayments) under other financing arrangements 0.2 (0.8)
Minimum withholdings paid on behalf of employees for net share settlements, net of proceeds from the exercise of employee stock options (9.1) (0.9)
Net cash from continuing operations 395.3 230.5
Net cash from (used in) discontinued operations 0.0 0.0
Net cash from financing activities 395.3 230.5
Change in cash and equivalents due to changes in foreign currency exchange rates 6.4 1.1
Net change in cash and equivalents (24.5) 28.1
Consolidated cash and equivalents, beginning of period 161.4 104.9
Consolidated cash and equivalents, end of period $ 136.9 $ 133.0