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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
OPERATING ACTIVITIES      
Net income $ 471.9 $ 404.5 $ 686.7
Non-cash expense (income):      
Depreciation 120.5 106.7 126.5
Amortization of intangibles 73.1 62.1 65.1
Non-cash lease expense 38.6 35.1 45.2
Stock-based compensation 39.3 34.2 50.2
Asset impairment charges 0.0 33.5 46.4
Recognition of actuarial loss (gain) 18.3 (0.5) (1.2)
Deferred taxes 0.2 (26.1) 14.8
Other operating acivities, net (2.7) 3.1 7.1
Changes in assets and liabilities including effects subsequent to acquisitions      
Decrease in accounts receivable 6.3 25.7 66.3
Decrease (increase) in inventories 16.6 148.8 (198.5)
(Decrease) increase in accounts payable (29.3) 101.1 (161.2)
(Increase) decrease in other assets (9.3) 170.0 14.0
(Decrease) in accrued taxes (10.5) (17.4) (65.5)
Decrease in accrued expenses and other liabilities (65.2) (25.0) (129.6)
NET CASH PROVIDED BY OPERATING ACTIVITIES 667.8 1,055.8 566.3
INVESTING ACTIVITIES      
Capital expenditures [1] (193.3) (256.5) (246.1)
Proceeds from the disposition of assets 26.9 2.8 8.2
Cost of acquisitions, net of cash acquired (135.4) (784.1) (217.6)
Other investing activities, net (1.1) 0.0 0.0
NET CASH USED IN INVESTING ACTIVITIES (302.9) (1,037.8) (455.5)
FINANCING ACTIVITIES      
Increase in short-term debt 0.0 0.0 700.0
Repayment of short term debt 0.0 (600.0) (1,100.0)
Issuance of long-term debt 915.0 1,065.1 5,975.4
Repayment of long-term debt (915.0) (470.0) (5,612.5)
Proceeds from the exercise of stock options 15.5 18.0 1.1
Employee withholding taxes paid related to stock-based compensation (14.4) (14.5) (27.0)
Dividends to stockholders (119.6) (116.8) (145.6)
Dividends received from MasterBrand 0.0 0.0 940.0
Cash retained by Masterbrand at Separation 0.0 0.0 (56.3)
Treasury stock purchases (240.4) (150.0) (580.1)
Other financing activities, net (4.5) (3.1) (22.5)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (363.4) (271.3) 72.5
Effect of foreign exchange rate changes on cash (11.5) 0.5 (11.1)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (10.0) (252.8) 172.2
Cash, cash equivalents and restricted cash at beginning of year [2] 395.5 648.3 476.1
Cash, cash equivalents and restricted cash at end of year [2] 385.5 395.5 648.3
Cash paid during the year for      
Interest 126.6 121.4 102.9
Income taxes paid directly to taxing authorities 152.3 120.3 278.3
Dividends declared but not paid $ 30.9 $ 30.3 $ 29.4
[1] Capital expenditures of $9.4 million, $34.1 million and $14.2 million that have not been paid as of December 28, 2024, December 30, 2023 and December 31, 2022, respectively, were excluded from the Consolidated Statement of Cash Flows.
[2] Restricted cash of $1.3 million and $3.1 million is included in Other current assets and Other assets, respectively, as of December 28, 2024, $26.9 million and $2.2 million is included in Other current assets and Other assets, respectively, as of December 30, 2023 and $2.1 million and $3.7 million is included in Other current assets and Other assets, respectively, as of December 31, 2022 within our Consolidated Balance Sheet.