v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Apr. 04, 2025
Mar. 29, 2024
Cash flows from operating activities:    
Net income (loss) $ (485.2) $ 453.7
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 168.2 154.9
Amortization of debt discount and issuance costs 2.9 2.7
Share-based compensation 33.9 33.0
Non-cash asset impairment charges 431.5 0.0
Change in deferred tax balances (13.7) (48.6)
Other 1.8 1.9
Changes in assets and liabilities (exclusive of acquisitions):    
Receivables 334.1 55.0
Inventories 184.6 (35.7)
Other assets (36.8) (88.2)
Accounts payable 1.4 3.0
Accrued expenses and other current liabilities 1.3 (5.9)
Other long-term liabilities (21.7) (27.1)
Net cash provided by operating activities 602.3 498.7
Cash flows from investing activities:    
Payments for acquisition of property, plant and equipment (147.6) (233.9)
Purchase of short-term investments (250.0) 0.0
Proceeds from the maturity of short-term investments 300.0 0.0
Purchase of a business, net of cash acquired (117.5) 0.0
Other 0.2 (1.4)
Net cash used in investing activities (214.9) (235.3)
Cash flows from financing activities:    
Proceeds for the issuance of common stock under the ESPP 5.3 7.6
Payment of tax withholding for RSUs (22.4) (37.5)
Repurchase of common stock (300.1) (100.0)
Payment of financing lease obligations (0.4) (0.9)
Net cash used in financing activities (317.6) (130.8)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 2.0 (0.9)
Net increase in cash, cash equivalents and restricted cash 71.8 131.7
Cash, cash equivalents and restricted cash, beginning of period 2,693.4 2,485.0
Cash, cash equivalents and restricted cash, end of period $ 2,765.2 $ 2,616.7