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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Cash flows from operating activities    
Net income $ 131.4 $ 123.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 105.5 109.1
Foreign exchange and other non-cash financing income (12.6) (11.9)
Share-based compensation expense 15.7 13.8
Decrease in post-employment benefit obligations, net (4.4) (4.2)
Deferred income taxes (11.0) (13.2)
Asset impairments 0.8 0.0
Gain on disposal of property, plant and equipment 0.0 (7.2)
Other operating activities 5.8 (1.2)
Changes in operating assets and liabilities:    
—Accounts receivable (63.5) (56.9)
—Inventories (16.4) (66.0)
—Accounts payable (16.7) (3.2)
—Prepaid expenses and other assets (13.0) 13.6
—Taxes payable (1.6) (1.4)
—Other liabilities (9.7) (22.2)
Net cash provided by operating activities 110.3 72.8
Cash flows from investing activities    
Purchases of property, plant and equipment (36.9) (37.9)
Purchases of intangible assets (18.7) (7.4)
Purchases of investments 0.0 (11.2)
Cash paid under company-owned life insurance policies (10.4) (4.1)
Cash received under company-owned life insurance policies 2.4 10.0
Proceeds from the sale of property, plant and equipment 2.1 10.5
Other investing activities (0.5) 0.0
Net cash used in investing activities (62.0) (40.1)
Cash flows from financing activities    
Issuance of shares 4.7 7.1
Repurchase of shares (13.0) (50.3)
Proceeds from long-term debt 0.0 1,800.0
Payments of long-term debt (9.4) (1,907.0)
Debt issuance costs paid 0.0 (17.7)
Employee taxes paid from shares withheld (16.9) (2.4)
Dividends paid to non-controlling interests (3.5) 0.0
Other financing activities 4.7 12.7
Net cash used in financing activities (33.4) (157.6)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 23.1 (16.2)
Net increase (decrease) in cash and cash equivalents and restricted cash 38.0 (141.1)
Cash and cash equivalents and restricted cash at the beginning of the period 684.8 724.0
Cash and cash equivalents and restricted cash at the end of the period 722.8 582.9
Supplemental schedule of cash flow information    
Interest paid 56.8 86.0
Income taxes paid 54.7 61.4
Accrued capital expenditures $ 0.9 $ 1.4