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Discontinued Operations (Tables)
 12 Months Ended
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