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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES      
Net income $ 404.5 $ 686.7 $ 772.4
Non-cash expense (income):      
Depreciation 106.7 126.5 125.0
Amortization of intangibles 62.1 65.1 64.1
Non-cash lease expense 35.1 45.2 42.5
Stock-based compensation 34.2 50.2 50.2
Restructuring charges 0.0 8.0 0.0
(Gain) loss on sale of property, plant and equipment (1.0) (4.7) 1.6
Loss on equity investments 0.0 0.0 5.0
Asset impairment charges 33.5 46.4 0.0
Recognition of actuarial (gain) loss (0.5) (1.2) 0.8
Deferred taxes (26.1) 14.8 1.7
Amortization of deferred financing costs 4.1 3.8 3.6
Changes in assets and liabilities including effects subsequent to acquisitions      
Decrease (increase) in accounts receivable 25.7 66.3 (151.5)
Decrease (increase) in inventories 148.8 (198.5) (324.3)
Increase (decrease) in accounts payable 101.1 (161.2) 137.7
Decrease in other assets 170.0 14.0 1.0
(Decrease) increase in accrued taxes (17.4) (65.5) 8.4
Decrease in accrued expenses and other liabilities (25.0) (129.6) (49.5)
NET CASH PROVIDED BY OPERATING ACTIVITIES 1,055.8 566.3 688.7
INVESTING ACTIVITIES      
Capital expenditures [1] (256.5) (246.1) (214.2)
Proceeds from the disposition of assets 2.8 8.2 1.9
Cost of acquisitions, net of cash acquired (784.1) (217.6) 5.2
NET CASH USED IN INVESTING ACTIVITIES (1,037.8) (455.5) (207.1)
FINANCING ACTIVITIES      
Increase in short-term debt 0.0 700.0 400.0
Repayment of short term debt (600.0) (1,100.0) 0.0
Issuance of long-term debt 1,065.1 5,975.4 1,245.0
Repayment of long-term debt (470.0) (5,612.5) (1,510.0)
Proceeds from the exercise of stock options 18.0 1.1 41.8
Employee withholding taxes paid related to stock-based compensation (14.5) (27.0) (13.3)
Dividends to stockholders (116.8) (145.6) (143.0)
Dividends received from MasterBrand 0.0 940.0 0.0
Cash retained by Masterbrand at Separation 0.0 (56.3) 0.0
Treasury stock purchases (150.0) (580.1) (447.7)
Other financing activities, net (3.1) (22.5) (1.4)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (271.3) 72.5 (428.6)
Effect of foreign exchange rate changes on cash 0.5 (11.1) (1.9)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (252.8) 172.2 51.1
Cash, cash equivalents and restricted cash at beginning of year [2] 648.3 476.1 425.0
Cash, cash equivalents and restricted cash at end of year [2] 395.5 648.3 476.1
Cash paid during the year for      
Interest 121.4 102.9 76.8
Income taxes paid directly to taxing authorities 120.3 278.3 228.8
Dividends declared but not paid $ 30.3 $ 29.4 $ 37.8
[1] Capital expenditures of $34.1 million, $14.2 million and $19.6 million that have not been paid as of December 30, 2023, December 31, 2022 and December 31, 2021, respectively, were excluded from the Consolidated Statement of Cash Flows.
[2] Restricted cash of $26.9 million and $2.2 million is included in Other current assets and Other assets, respectively, as of December 30, 2023, $2.1 million and $3.7 million is included in Other current assets and Other assets, respectively, as of December 31, 2022 and $1.3 million and $3.3 million is included in Other current assets and Other assets, respectively, as of December 31, 2021 within our Consolidated Balance Sheet.