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Discontinued Operations (Tables) | 12 Months Ended
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Dec. 30, 2023
Discontinued Operations and Disposal Groups [Abstract] |
Summary of Results of the Discontinued Operations | The following table summarizes the results of the discontinued operations for the years ended December 31, 2022 and December 31, 2021.
(In millions) | 2022 |  | 2021 |
NET SALES | $ | 3,199.7 |  | $ | 2,855.0 |
Cost of products sold |  | 2,279.3 |  |  | 2,068.5 |
Selling, general and administrative expense |  | 619.7 |  |  | 485.3 |
Amortization of intangible asset |  | 16.8 |  |  | 17.8 |
Asset impairment charges |  | 46.4 |  |  | — |
Restructuring charges |  | 25.1 |  |  | 4.2 |
DISCONTINUED OPERATING INCOME |  | 212.4 |  |  | 279.2 |
Interest expense |  | 0.2 |  |  | 0.1 |
Other expense, net |  | 2.2 |  |  | 0.4 |
INCOME FROM DISCONTINUED OPERATIONS BEFORE INCOME TAXES |  | 210.0 |  |  | 278.7 |
Income taxes |  | 63.2 |  |  | 66.0 |
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX | $ | 146.8 |  | $ | 212.7 |
Summary of Cash Flow Information Related to Discontinued Operations | The following table summarizes the cash flows of MasterBrand, which are reflected in the consolidated statements of cash flows:
(In millions) |  | 2022 |  |  | 2021 |
Net cash provided by operating activities |  | $ | 213.0 |  |  | $ | 162.7 |
Net cash used in investing activities |  |  | (55.8 | ) |  |  | (51.5 | )
Net cash used in financing activities |  |  | — |  |  |  | — |
Effect of foreign exchange rate changes on cash |  |  | (0.2 | ) |  |  | 0.1 |
Net increase in cash and cash equivalents |  | $ | 157.0 |  |  | $ | 111.3 |

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