v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Operating Activities    
Net income (loss) including noncontrolling interest $ 399.2 $ 359.4
Adjustments to reconcile net income (loss) including noncontrolling interest to net cash provided by (used in) operating activities:    
Depreciation and amortization 167.2 155.8
Stock-based compensation 20.2 21.3
Changes in operating assets and liabilities excluding the effect of business acquired:    
Accounts receivable and unbilled receivables (22.2) 39.1
Inventories (45.3) (43.2)
Accounts payable 3.3 13.3
Deferred taxes and income taxes receivable (payable), net (72.4) 13.5
Prepaid expenses and other assets (11.6) 7.4
Accrued expenses and other liabilities (12.9) 33.6
Other operating, net 43.7 9.5
Net cash provided by (used in) operating activities 469.2 609.7
Investing Activities    
Purchases of property, plant and equipment (48.3) (33.6)
Purchases of businesses, net of cash acquired (757.6) (123.6)
Other investing, net 0.7 0.1
Net cash provided by (used in) investing activities (805.2) (157.1)
Financing Activities    
Proceeds from (payments on) fixed rate senior notes (30.0) (450.0)
Proceeds from (payments on) other debt (1.0) (0.1)
Proceeds from exercise of stock options 34.2 11.5
Purchases of treasury stock, including excise tax (2.9) (193.8)
Other financing, net (5.1) (5.5)
Net cash provided by (used in) financing activities (4.8) (637.9)
Effects of exchange rate changes on cash 1.9 (19.8)
Change in cash and cash equivalents (338.9) (205.1)
Cash and cash equivalents—beginning of period 649.8 648.3
Cash and cash equivalents—end of period $ 310.9 $ 443.2