v3.25.3
CONSOLIDATED AND COMBINED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 26, 2025
Sep. 27, 2024
Cash flows from operating activities:    
Net earnings $ 151.4 $ 271.9
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Amortization 64.7 63.3
Depreciation 20.8 23.0
Stock-based compensation 45.9 17.7
Gain on sale of property 0.0 (63.1)
Loss from divestiture 0.0 25.6
Change in accounts receivable, net (9.0) 7.7
Change in inventories (13.9) 13.4
Change in trade accounts payable (16.2) 4.9
Change in prepaid expenses and other assets (45.4) (1.9)
Change in accrued expenses and other liabilities 97.7 (69.1)
Net cash provided by operating activities 296.0 293.4
Cash flows from investing activities:    
Purchases of property, plant and equipment (29.2) (19.8)
Proceeds from sale of property 1.5 20.2
Cash paid for acquisitions, net of cash received 0.0 (1,718.2)
Cash infusion into divestiture 0.0 (14.0)
Net cash used in investing activities (27.7) (1,731.8)
Cash flows from financing activities:    
Net proceeds from borrowings 1,146.8 0.0
Consideration paid to Former Parent in connection with separation (1,150.0) 0.0
Net transfers (to) from Former Parent (10.2)  
Net transfers (to) from Former Parent   1,434.5
Dividends paid (5.6) 0.0
All other financing activities 2.2 0.0
Net cash (used in) provided by financing activities (16.8) 1,434.5
Effect of exchange rate changes on cash and equivalents 12.7 3.9
Net change in cash and equivalents 264.2 0.0
Beginning balance of cash and equivalents 0.0 0.0
Ending balance of cash and equivalents $ 264.2 $ 0.0

Source

10-Q XBRL Zip