XML 17 R6.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Oct. 28, 2023
Oct. 29, 2022
Operating activities    
Net income $ 184.2 $ 99.4
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 129.4 123.5
Amortization of unfavorable contracts (1.4) (1.4)
Share-based compensation 36.4 34.3
Deferred taxation 40.2 63.2
Pension settlement loss 0.2 132.8
Other non-cash movements 9.8 7.8
Changes in operating assets and liabilities, net of acquisitions:    
Decrease (increase) in accounts receivable 3.5 (9.9)
(Increase) decrease in other assets (45.2) 0.6
Decrease (increase) in inventories 14.8 (305.6)
Decrease in accounts payable (221.5) (177.6)
(Decrease) increase in accrued expenses and other liabilities (253.2) 105.6
Change in operating lease assets and liabilities (34.5) (5.9)
Decrease in deferred revenue (48.0) (7.0)
Change in income tax receivable and payable (20.0) (206.1)
Pension plan contributions 0.0 (9.2)
Net cash used in operating activities (205.3) (155.5)
Investing activities    
Purchase of property, plant and equipment (89.4) (94.3)
Acquisitions (6.0) (397.8)
Other investing activities, net 1.5 (16.3)
Net cash used in investing activities (93.9) (508.4)
Financing activities    
Dividends paid on common shares (29.7) (27.4)
Dividends paid on redeemable convertible preferred shares (24.6) (24.6)
Repurchase of common shares (117.5) (311.2)
Other financing activities, net (47.9) (44.3)
Net cash used in financing activities (219.7) (407.5)
Cash and cash equivalents at beginning of period 1,166.8 1,418.3
Decrease in cash and cash equivalents (518.9) (1,071.4)
Effect of exchange rate changes on cash and cash equivalents (4.1) (19.6)
Cash and cash equivalents at end of period $ 643.8 $ 327.3