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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Apr. 03, 2021
Mar. 28, 2020
OPERATING ACTIVITIES    
Net income $ 335.3 $ 181.1
Adjustments to reconcile net income to net cash used in operating activities:    
Costs related to refinancing 0.0 15.1
Share-based compensation expense 25.8 19.0
Depreciation 31.3 30.1
Amortization 15.2 15.8
Other, net (7.5) (3.3)
Changes in assets and liabilities, net of acquired businesses:    
Accounts receivable (908.1) (866.8)
Inventories (393.8) (206.7)
Prepaid and other assets (50.9) (35.1)
Accounts payable 176.0 129.8
Other current liabilities 90.0 115.4
Other non-current items (13.3) (2.3)
Other, net 0.1 0.8
Net cash used in operating activities (699.9) (607.1)
INVESTING ACTIVITIES    
Proceeds from sale of long-lived assets 0.0 0.2
Investments in property, plant and equipment (53.7) (29.4)
Investments in loans receivable 0.0 (2.5)
Proceeds from sale of brand extension assets 0.0 115.5
Investments in unconsolidated affiliates (100.7) 0.0
Payment for acquisitions, net of cash acquired (10.5) 0.0
Other investing, net (8.9) (1.7)
Net cash provided by (used in) investing activities (173.8) 82.1
FINANCING ACTIVITIES    
Borrowings under revolving and bank lines of credit and term loans 1,113.7 1,089.3
Repayments under revolving and bank lines of credit and term loans (594.5) (469.1)
Repayment of 6.000% Senior Notes 0.0 (400.0)
Financing and issuance fees (7.0) (18.7)
Dividends paid (70.9) (65.4)
Purchase of Common Shares (62.2) (50.4)
Payments on seller notes 0.0 (0.5)
Cash received from exercise of stock options 7.5 2.1
Acquisition of noncontrolling interests (15.5) 0.0
Net cash provided by financing activities 871.1 537.3
Effect of exchange rate changes on cash 0.4 (0.3)
Net increase (decrease) in cash and cash equivalents (2.2) 12.0
Cash and cash equivalents at beginning of period 16.6 18.8
Cash and cash equivalents at end of period 14.4 30.8
4.000% Senior Notes    
FINANCING ACTIVITIES    
Proceeds from issuance of Senior Notes 500.0 0.0
4.500% Senior Notes    
FINANCING ACTIVITIES    
Proceeds from issuance of Senior Notes $ 0.0 $ 450.0