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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Dec. 28, 2024
Dec. 30, 2023
OPERATING ACTIVITIES    
Net loss $ (69.5) $ (80.5)
Adjustments to reconcile net loss to net cash used in operating activities:    
Impairment, restructuring and other 12.5 0.2
Share-based compensation expense 15.5 16.0
Depreciation 15.8 16.1
Amortization 3.1 4.0
Deferred taxes (21.8) (7.1)
Equity in loss of unconsolidated affiliates 9.9 22.5
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable (38.7) 18.2
Inventories (326.7) (286.3)
Prepaid and other current assets (10.7) (40.8)
Accounts payable 69.7 83.6
Other current liabilities (100.8) (81.8)
Other non-current items (2.8) (7.6)
Other, net (0.8) 0.3
Net cash used in operating activities (445.3) (343.2)
INVESTING ACTIVITIES    
Investments in property, plant and equipment (29.3) (37.9)
Investments in unconsolidated affiliates 0.0 (21.4)
Other investing, net 6.0 6.1
Net cash used in investing activities (23.3) (53.2)
FINANCING ACTIVITIES    
Borrowings under revolving and bank lines of credit and term loans 525.1 444.9
Repayments under revolving and bank lines of credit and term loans (60.3) (34.7)
Dividends paid (39.2) (37.4)
Purchase of Common Shares (15.6) (3.1)
Cash received from exercise of stock options 0.7 0.5
Other financing, net (3.0) 4.0
Net cash provided by financing activities 407.7 374.2
Effect of exchange rate changes on cash (0.9) 0.7
Net decrease in cash and cash equivalents (61.8) (21.5)
Cash and cash equivalents at beginning of period 71.6 31.9
Cash and cash equivalents at end of period $ 9.8 $ 10.4