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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Cash Flows From (For) Operating Activities    
Net income $ 72.9 $ 117.0
Adjustments to derive cash flows:    
Depreciation and amortization 191.5 217.8
Share-based compensation 28.0 22.3
Impairment charges 31.9 1.7
Change in financial assets (15.9) 9.0
Loss on extinguishment of debt 0.0 0.5
Restructuring charges 21.5 5.2
Deferred income taxes 9.2 (14.2)
Amortization of debt premium (3.0) (3.7)
Other non-cash adjustments, net 26.4 5.1
Subtotal 362.5 360.7
Increase (decrease) in cash due to:    
Accounts receivable (55.3) (24.3)
Inventories (78.3) (99.3)
Accounts payable 41.2 89.2
Payroll and related taxes (23.0) (48.4)
Accrued customer programs (52.8) 33.9
Accrued liabilities (19.2) (30.4)
Accrued income taxes (36.7) (20.8)
Other, net 19.9 (5.9)
Subtotal (204.2) (106.0)
Net cash from (for) operating activities 158.3 254.7
Cash Flows From (For) Investing Activities    
Proceeds from royalty rights 1.7 10.3
Purchase of investment securities   (7.5)
Royalty Pharma contingent milestone payment 250.0  
Asset acquisitions (35.0)  
Additions to property, plant and equipment (54.7) (33.3)
Net proceeds from sale of business and other assets   1.3
Net cash from (for) investing activities 162.0 (29.2)
Cash Flows From (For) Financing Activities    
Issuances of long-term debt   431.0
Payments on long-term debt (158.9) (457.3)
Borrowings (repayments) of revolving credit agreements and other financing, net 397.5 (8.2)
Deferred financing fees   (2.4)
Issuance of ordinary shares 0.3  
Repurchase of ordinary shares   (265.0)
Cash dividends (54.8) (52.8)
Other financing, net (5.9) (7.5)
Net cash from (for) financing activities 178.2 (362.2)
Effect of exchange rate changes on cash and cash equivalents 6.1 (15.5)
Net increase (decrease) in cash and cash equivalents 504.6 (152.2)
Cash and cash equivalents, beginning of period 551.1 678.7
Cash and cash equivalents, end of period $ 1,055.7 $ 526.5