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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Jul. 03, 2021
Jun. 27, 2020
OPERATING ACTIVITIES    
Net income $ 561.3 $ 384.4
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Costs related to refinancing 0.0 15.1
Share-based compensation expense 34.0 41.8
Depreciation 47.0 45.4
Amortization 23.0 23.6
Equity in income of unconsolidated affiliates (20.0) 0.0
Other, net (3.8) (5.0)
Changes in assets and liabilities, net of acquired businesses:    
Accounts receivable (558.1) (840.0)
Inventories (337.2) 46.1
Prepaid and other assets (62.5) (28.5)
Accounts payable 87.9 115.3
Other current liabilities 24.7 262.1
Other non-current items (2.3) (12.3)
Other, net (1.1) (5.5)
Net cash provided by (used in) operating activities (207.1) 42.5
INVESTING ACTIVITIES    
Proceeds from sale of long-lived assets 0.1 0.2
Investments in property, plant and equipment (77.9) (41.7)
Investments in loans receivable 0.0 (2.5)
Proceeds from sale of brand extension assets 0.0 115.5
Investments in unconsolidated affiliates (102.3) 0.0
Payment for acquisitions, net of cash acquired (21.8) 0.0
Other investing, net (10.0) 2.9
Net cash provided by (used in) investing activities (211.9) 74.4
FINANCING ACTIVITIES    
Borrowings under revolving and bank lines of credit and term loans 1,231.9 1,134.3
Repayments under revolving and bank lines of credit and term loans (1,064.9) (1,118.6)
Repayment of 6.000% Senior Notes 0.0 (400.0)
Financing and issuance fees (7.2) (18.7)
Dividends paid (106.1) (97.8)
Purchase of Common Shares (91.0) (53.1)
Payments on seller notes 0.0 (0.5)
Cash received from exercise of stock options 14.3 17.0
Acquisition of noncontrolling interests (17.4) 0.0
Net cash provided by (used in) financing activities 459.6 (87.4)
Effect of exchange rate changes on cash 1.1 0.0
Net increase in cash and cash equivalents 41.7 29.5
Cash and cash equivalents at beginning of period 16.6 18.8
Cash and cash equivalents at end of period 58.3 48.3
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