XML 22 R6.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Apr. 02, 2023
Apr. 03, 2022
Cash flows from operating activities    
Net (loss) income $ (74.1) $ 24.6
Income from discontinued operations, net of tax 40.9 79.9
Net (loss) income from continuing operations (115.0) (55.3)
Adjustments to reconcile net (loss) income to net cash from operating activities:    
Depreciation 24.1 24.4
Amortization 20.9 26.7
Share based compensation 7.7 12.2
Impairment of intangible assets 67.0 0.0
Impairment of equipment and leases 4.5 0.0
Amortization of debt issuance costs and debt discount 4.0 3.1
Gain from contingent consideration liability (1.5) 0.0
Non-cash purchase accounting adjustments 0.9 3.5
Deferred tax benefit (62.0) (43.7)
Net changes in operating assets and liabilities 198.0 (183.1)
Net cash provided (used) by operating activities from continuing operations 148.6 (212.2)
Net cash provided by operating activities from discontinued operations 29.0 5.3
Net cash provided (used) by operating activities 177.6 (206.9)
Cash flows from investing activities    
Purchases of property, plant and equipment (25.9) (24.3)
Proceeds from disposal of property, plant and equipment 0.0 0.1
Business acquisitions, net of cash acquired 0.0 (314.3)
Other investing activity 0.0 (0.1)
Net cash used by investing activities from continuing operations (25.9) (338.6)
Net cash used by investing activities from discontinued operations (7.9) (12.4)
Net cash used by investing activities (33.8) (351.0)
Cash flows from financing activities    
Payment of debt (21.7) (6.5)
Proceeds from issuance of debt 0.0 775.0
Payment of debt issuance costs (2.3) (6.7)
Treasury stock purchases 0.0 (134.0)
Dividends paid to shareholders (34.4) (34.4)
Share based award tax withholding payments, net of proceeds upon vesting (10.5) (24.5)
Net cash (used) provided by financing activities from continuing operations (68.9) 568.9
Net cash used by financing activities from discontinued operations (0.7) (2.2)
Net cash (used) provided by financing activities (69.6) 566.7
Effect of exchange rate changes on cash and cash equivalents 9.7 (3.0)
Net change in cash, cash equivalents and restricted cash in continuing operations 83.9 5.8
Cash, cash equivalents, and restricted cash, beginning of period 243.9 190.0
Cash, cash equivalents, and restricted cash, end of period 327.8 195.8
Non cash investing activities    
Acquisition of property, plant and equipment through finance leases 2.4 0.5
Non cash financing activities    
Issuance of shares through stock compensation plan 27.2 33.4
Continuing Operations    
Supplemental disclosure of cash flow information    
Cash paid for interest associated with continued operations 56.8 50.9
Cash paid for taxes associated with continued operations 11.7 19.0
Discontinued Operations    
Supplemental disclosure of cash flow information    
Cash paid for interest associated with continued operations 29.9 30.2
Cash paid for taxes associated with continued operations $ 13.5 $ 10.1