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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Dec. 30, 2023
OPERATING ACTIVITIES      
Net income $ 298.8 $ 471.9 $ 404.5
Non-cash expense (income):      
Depreciation 118.9 120.5 106.7
Amortization of intangibles 75.5 73.1 62.1
Non-cash lease expense 51.6 38.6 35.1
Stock-based compensation 20.8 39.3 34.2
Asset impairment charges 53.6 0.0 33.5
Recognition of actuarial loss (gain) 0.0 18.3 (0.5)
Deferred taxes 32.3 0.2 (26.1)
Other operating acivities, net 0.4 (2.7) 3.1
Changes in assets and liabilities including effects subsequent to acquisitions      
Decrease in accounts receivable 5.6 6.3 25.7
(Increase) decrease in inventories (55.4) 16.6 148.8
(Decrease) increase in accounts payable 9.5 (29.3) 101.1
(Increase) decrease in other assets (17.6) (9.3) 170.0
(Decrease) in accrued taxes (7.3) (10.5) (17.4)
(Decrease) in accrued expenses and other liabilities (108.1) (65.2) (25.0)
NET CASH PROVIDED BY OPERATING ACTIVITIES 478.6 667.8 1,055.8
INVESTING ACTIVITIES      
Capital expenditures [1] (111.8) (193.3) (256.5)
Proceeds from the disposition of assets 6.9 26.9 2.8
Cost of acquisitions, net of cash acquired 0.0 (135.4) (784.1)
Other investing activities, net 0.0 (1.1) 0.0
NET CASH USED IN INVESTING ACTIVITIES (104.9) (302.9) (1,037.8)
FINANCING ACTIVITIES      
Repayment of short-term debt (500.0) 0.0 (600.0)
Issuance of long-term debt 1,919.5 915.0 1,065.1
Repayment of long-term debt (1,549.5) (915.0) (470.0)
Proceeds from the exercise of stock options 4.5 15.5 18.0
Employee withholding taxes paid related to stock-based compensation (8.3) (14.4) (14.5)
Dividends to stockholders (120.6) (119.6) (116.8)
Treasury stock purchases (247.8) (240.4) (150.0)
Other financing activities, net (1.1) (4.5) (3.1)
NET CASH (USED IN) FINANCING ACTIVITIES (503.3) (363.4) (271.3)
Effect of foreign exchange rate changes on cash 11.5 (11.5) 0.5
NET (DECREASE) IN CASH AND CASH EQUIVALENTS (118.1) (10.0) (252.8)
Cash, cash equivalents and restricted cash at beginning of year [2] 385.5 395.5 648.3
Cash, cash equivalents and restricted cash at end of year [2] 267.4 385.5 395.5
Cash paid during the year for      
Interest 122.8 126.6 121.4
Income taxes paid directly to taxing authorities 79.0 152.3 120.3
Dividends declared but not paid $ 31.2 $ 30.9 $ 30.3
[1] Capital expenditures of $5.5 million, $9.4 million and $34.1 million that have not been paid as of December 27, 2025, December 28, 2024 and December 30, 2023, respectively, were excluded from the Consolidated Statement of Cash Flows.
[2] Restricted cash of $1.4 million and $2.0 million is included in Other current assets and Other assets, respectively, as of December 27, 2025, $1.3 million and $3.1 million is included in Other current assets and Other assets, respectively, as of December 28, 2024 and $26.9 million and $2.2 million is included in Other current assets and Other assets, respectively, as of December 30, 2023 within our Consolidated Balance Sheets.