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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Apr. 02, 2023
Apr. 03, 2022
Jan. 01, 2023
Operating Activities      
Net income (loss) including noncontrolling interest $ 178.8 $ 212.6  
Adjustments to reconcile net income (loss) including noncontrolling interest to net cash provided by (used in) operating activities:      
Depreciation and amortization 82.1 86.9  
Stock-based compensation 7.9 9.0  
Changes in operating assets and liabilities excluding the effect of business acquired:      
Accounts receivable and unbilled receivables 50.0 (57.2)  
Inventories (57.6) (56.6)  
Accounts payable (10.8) 33.1  
Deferred and income taxes receivable/payable, net 7.2 5.6  
Prepaid expenses and other assets (11.3) (2.4)  
Accrued expenses and other liabilities (34.6) (451.5)  
Other operating, net (8.7) 3.8  
Net cash provided by (used in) operating activities 203.0 (216.7)  
Investing Activities      
Purchases of property, plant and equipment (24.4) (21.0)  
Purchase of businesses, net of cash acquired (52.5) 0.0  
Other investing, net 0.0 1.4  
Net cash provided by (used in) investing activities (76.9) (19.6)  
Financing Activities      
Net borrowings from (repayments made to) credit facility (100.0) 32.0  
Payments on other debt (0.1) 0.0  
Proceeds from exercise of stock options 10.2 12.7  
Maturity of cross currency swap (13.5) 0.0  
Other financing, net 0.0 (2.1)  
Net cash provided by (used in) financing activities (103.4) 42.6  
Effect of exchange rate changes on cash 4.4 3.3  
Change in cash and cash equivalents 27.1 (190.4)  
Cash and cash equivalents—beginning of period 638.1 474.7 $ 474.7
Cash and cash equivalents—end of period $ 665.2 $ 284.3 $ 638.1