v3.26.1
CONSOLIDATED AND COMBINED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Apr. 03, 2026
Mar. 28, 2025
Cash flows from operating activities:    
Net earnings $ 44.2 $ 63.9
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Amortization 22.3 20.3
Depreciation 7.4 6.6
Stock-based compensation 11.1 6.5
Change in accounts receivable, net 6.7 5.0
Change in inventories (20.6) 2.6
Change in trade accounts payable (14.8) (17.0)
Change in prepaid expenses and other assets 3.3 (6.1)
Change in accrued expenses and other liabilities (40.5) (9.8)
Net cash provided by operating activities 19.1 72.0
Cash flows from investing activities:    
Purchases of property, plant and equipment (8.7) (5.6)
Proceeds from sale of property 0.0 1.5
Net cash used in investing activities (8.7) (4.1)
Cash flows from financing activities:    
Payments of debt issuance costs (0.8) 0.0
Net transfers to Former Parent 0.0 (72.6)
Repurchase of common shares (50.5) 0.0
Dividends paid (5.6) 0.0
Other financing activities (2.2) 0.0
Net cash used in financing activities (59.1) (72.6)
Effect of exchange rate changes on cash and equivalents (2.1) 4.7
Net change in cash and equivalents (50.8) 0.0
Beginning balance of cash and equivalents 318.8 0.0
Ending balance of cash and equivalents $ 268.0 $ 0.0

Source

10-Q XBRL Zip