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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Dec. 30, 2023
Dec. 31, 2022
OPERATING ACTIVITIES    
Net loss $ (80.5) $ (64.7)
Adjustments to reconcile net loss to net cash used in operating activities:    
Impairment, restructuring and other 0.2 3.9
Share-based compensation expense 16.0 20.9
Depreciation 16.1 17.5
Amortization 4.0 7.7
Deferred taxes (7.1) 23.1
Equity in loss of unconsolidated affiliates 22.5 11.4
Other, net (0.2) 0.0
Changes in assets and liabilities, net of acquired businesses:    
Accounts receivable 18.2 (108.4)
Inventories (286.3) (177.2)
Prepaid and other assets (40.8) (67.0)
Accounts payable 83.6 (44.7)
Other current liabilities (81.8) (53.5)
Other non-current items (7.6) (2.8)
Other, net 0.5 2.2
Net cash used in operating activities (343.2) (431.6)
INVESTING ACTIVITIES    
Investments in property, plant and equipment (37.9) (29.6)
Investments in unconsolidated affiliates (21.4) 0.0
Other investing, net 6.1 (6.4)
Net cash used in investing activities (53.2) (36.0)
FINANCING ACTIVITIES    
Borrowings under revolving and bank lines of credit and term loans 444.9 645.6
Repayments under revolving and bank lines of credit and term loans (34.7) (202.6)
Dividends paid (37.4) (36.6)
Purchase of Common Shares (3.1) (0.8)
Cash received from exercise of stock options 0.5 0.6
Other financing, net 4.0 0.0
Net cash provided by financing activities 374.2 406.2
Effect of exchange rate changes on cash 0.7 0.2
Net decrease in cash and cash equivalents (21.5) (61.2)
Cash and cash equivalents at beginning of period 31.9 86.8
Cash and cash equivalents at end of period $ 10.4 $ 25.6