v3.25.2
COMBINED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 27, 2025
Jun. 28, 2024
Cash flows from operating activities:    
Net earnings $ 111.5 $ 181.0
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Amortization 42.2 42.0
Depreciation 13.3 16.2
Stock-based compensation 14.6 11.7
Gain on sale of property 0.0 (63.1)
Loss from divestiture 0.0 25.6
Change in accounts receivable, net 13.8 (0.9)
Change in inventories (10.1) (0.3)
Change in trade accounts payable (20.9) 3.7
Change in prepaid expenses and other assets (28.6) 2.0
Change in accrued expenses and other liabilities 21.6 (62.5)
Net cash provided by operating activities 157.4 155.4
Cash flows from investing activities:    
Purchases of property, plant and equipment (17.2) (13.7)
Proceeds from sale of property 1.5 10.2
Cash paid for acquisitions, net of cash received 0.0 (1,718.1)
Cash infusion into divestiture 0.0 (14.0)
Net cash used in investing activities (15.7) (1,735.6)
Cash flows from financing activities:    
Net proceeds from borrowings 1,146.8 0.0
Consideration paid to Parent in connection with Separation (1,150.0) 0.0
Net transfers from Parent 47.3 1,588.6
Net cash provided by financing activities 44.1 1,588.6
Effect of exchange rate changes on cash and equivalents 12.8 (8.4)
Net change in cash and equivalents 198.6 0.0
Beginning balance of cash and equivalents 0.0 0.0
Ending balance of cash and equivalents $ 198.6 $ 0.0

Source

10-Q XBRL Zip