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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Cash Flows From (For) Operating Activities    
Net income (loss) $ 2.0 $ (3.0)
Adjustments to derive cash flows:    
Depreciation and amortization 81.4 88.7
Restructuring charges 44.3 3.4
Share-based compensation 15.6 24.9
Amortization of debt discount 0.4 0.7
Gain on sale of assets 0.0 (3.9)
Deferred income taxes (11.0) (9.9)
Other non-cash adjustments, net (7.4) 6.4
Subtotal 125.3 107.3
Increase (decrease) in cash due to:    
Accrued income taxes (81.6) 2.5
Accounts receivable (51.9) (39.8)
Payroll and related taxes (51.6) (34.3)
Accounts payable (16.7) (29.8)
Prepaid expenses and other current assets (1.7) 17.1
Inventories 10.6 (28.6)
Accrued customer programs 18.2 6.8
Accrued liabilities 30.6 8.0
Other operating, net 17.4 10.2
Subtotal (126.7) (87.9)
Net cash (for) from operating activities (1.4) 19.4
Cash Flows From (For) Investing Activities    
Additions to property, plant and equipment (25.1) (23.2)
Proceeds from sale of assets 0.0 1.8
Proceeds from royalty rights 1.6 1.8
Net cash for investing activities (23.5) (19.6)
Cash Flows For Financing Activities    
Cash dividends (37.6) (36.2)
Payments on long-term debt (9.8) (5.9)
Other financing, net (13.0) (8.6)
Net cash for financing activities (60.4) (50.7)
Effect of exchange rate changes on cash and cash equivalents (7.5) 3.2
Net decrease in cash and cash equivalents (92.8) (47.7)
Cash, cash equivalents and restricted cash of continuing operations, beginning of period 751.3 600.7
Cash, cash equivalents and restricted cash of continuing operations, end of period $ 658.5 $ 553.0