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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Mar. 29, 2025
Mar. 30, 2024
OPERATING ACTIVITIES    
Net income $ 148.0 $ 77.0
Adjustments to reconcile net income to net cash used in operating activities:    
Impairment, restructuring and other 16.0 5.6
Share-based compensation expense 38.1 44.6
Depreciation 31.6 32.3
Amortization 6.3 7.9
Deferred taxes 39.8 18.8
Equity in loss of unconsolidated affiliates 15.8 29.5
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable (624.3) (572.5)
Inventories (189.4) 56.6
Prepaid and other current assets (7.9) (6.7)
Accounts payable 153.8 190.8
Other current liabilities 123.6 84.3
Other non-current items (7.3) (8.0)
Other, net (1.3) 0.8
Net cash used in operating activities (257.2) (39.0)
INVESTING ACTIVITIES    
Investments in property, plant and equipment (37.6) (54.2)
Investments in unconsolidated affiliates 0.0 (21.4)
Other investing, net 2.9 4.5
Net cash used in investing activities (34.7) (71.1)
FINANCING ACTIVITIES    
Borrowings under revolving and bank lines of credit and term loans 641.9 519.3
Repayments under revolving and bank lines of credit and term loans (320.7) (314.3)
Dividends paid (78.0) (76.2)
Purchase of Common Shares (18.3) (4.9)
Cash received from exercise of stock options 10.0 1.7
Other financing, net 3.0 17.2
Net cash provided by financing activities 237.9 142.8
Effect of exchange rate changes on cash (0.7) 0.5
Net increase (decrease) in cash and cash equivalents (54.7) 33.2
Cash and cash equivalents at beginning of period 71.6 31.9
Cash and cash equivalents at end of period $ 16.9 $ 65.1