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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Cash Flows From (For) Operating Activities    
Net income (loss) $ (3.0) $ (2.4)
Adjustments to derive cash flows:    
Depreciation and amortization 88.7 69.5
Share-based compensation 24.9 26.3
Restructuring charges 3.4 3.6
Loss on sale of business 0.0 1.4
Amortization of debt discount (premium) 0.7 (0.2)
Gain on sale of assets (3.9) (5.8)
Deferred income taxes (9.9) 5.1
Other non-cash adjustments, net 6.4 (17.5)
Subtotal 107.3 80.0
Increase (decrease) in cash due to:    
Accounts receivable (39.8) (38.1)
Inventories (28.6) (10.5)
Prepaid expenses and other current assets 17.1 8.1
Accounts payable (29.8) 72.6
Payroll and related taxes (34.3) (31.8)
Accrued customer programs 6.8 8.9
Accrued liabilities 8.0 23.7
Accrued income taxes 2.5 (33.9)
Other, net 10.2 0.1
Subtotal (87.9) (0.9)
Net cash from (for) operating activities 19.4 79.1
Cash Flows From (For) Investing Activities    
Additions to property, plant and equipment (23.2) (20.3)
Net proceeds from sale of businesses 0.0 58.7
Proceeds from sale of assets 1.8 22.9
Proceeds from royalty rights 1.8 1.4
Net cash from (for) investing activities (19.6) 62.7
Cash Flows From (For) Financing Activities    
Borrowings (repayments) of revolving credit agreements and other financing, net (5.9) 0.0
Cash dividends (36.2) (34.2)
Other financing, net (8.6) (17.7)
Net cash from (for) financing activities (50.7) (51.9)
Effect of exchange rate changes on cash and cash equivalents 3.2 (3.7)
Net increase (decrease) in cash and cash equivalents (47.7) 86.2
Cash and cash equivalents of continuing operations, beginning of period 600.7 1,864.9
Cash and cash equivalents held for sale, beginning of period 0.0 14.4
Less cash and cash equivalents held for sale, end of period 0.0 0.0
Cash and cash equivalents of continuing operations, end of period $ 553.0 $ 1,965.5