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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Cash Flows From (For) Operating Activities    
Net income (loss) $ (2.4) $ 38.1
Adjustments to derive cash flows:    
Depreciation and amortization 69.5 90.4
Loss (Gain) on sale of business 1.4 0.0
Share-based compensation 26.3 25.0
Loss (Gain) on sale of assets (5.8) 0.0
Restructuring charges 3.6 1.7
Deferred income taxes 5.1 (21.9)
Amortization of debt premium (0.2) (0.7)
Other non-cash adjustments, net (17.5) 7.9
Subtotal 80.0 140.5
Increase (decrease) in cash due to:    
Accounts receivable (38.1) (30.3)
Inventories (10.5) (83.2)
Prepaid expenses (0.1) (14.7)
Accounts payable 72.6 18.5
Payroll and related taxes (31.8) (45.9)
Accrued customer programs 8.9 (42.7)
Accrued liabilities 23.7 8.5
Accrued income taxes (33.9) 27.0
Other, net 8.3 22.5
Subtotal (0.9) (140.3)
Net cash from (for) operating activities 79.1 0.2
Cash Flows From (For) Investing Activities    
Proceeds from royalty rights 1.4 1.4
Asset acquisitions 0.0 (70.3)
Additions to property, plant and equipment (20.3) (45.4)
Net proceeds from sale of businesses 58.7 0.0
Proceeds from sale of assets 22.9 0.0
Other investing, net 0.0 0.3
Net cash from (for) investing activities 62.7 (114.0)
Cash Flows From (For) Financing Activities    
Cash dividends (34.2) (32.6)
Other financing, net (17.7) (10.7)
Net cash from (for) financing activities (51.9) (43.3)
Effect of exchange rate changes on cash and cash equivalents (3.7) (3.9)
Net increase (decrease) in cash and cash equivalents 86.2 (161.0)
Cash and cash equivalents of continuing operations, beginning of period 1,864.9 631.5
Cash and cash equivalents held for sale, beginning of period 14.4 10.0
Less cash and cash equivalents held for sale, end of period 0.0 (9.6)
Cash and cash equivalents of continuing operations, end of period $ 1,965.5 $ 470.9