SEGMENT AND GEOGRAPHIC INFORMATION (Details) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | |||
---|---|---|---|---|---|
Jun. 28, 2025 |
Jun. 29, 2024 |
Jun. 28, 2025 |
Jun. 29, 2024 |
Dec. 31, 2024 |
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Segment Reporting Information [Line Items] | |||||
Total assets | $ 10,094.1 | $ 10,094.1 | $ 9,647.7 | ||
Property, plant and equipment, net | 913.9 | 913.9 | 917.8 | ||
Net sales | 1,056.3 | $ 1,065.5 | 2,100.2 | $ 2,147.5 | |
Cost of sales | 693.4 | 670.8 | 1,345.0 | 1,395.1 | |
Gross profit | $ 362.9 | $ 394.7 | $ 755.2 | $ 752.4 | |
Gross margin (as a percent) | 34.40% | 37.00% | 36.00% | 35.00% | |
Operating expenses | |||||
Distribution | $ 23.6 | $ 24.6 | $ 46.4 | $ 49.5 | |
Research and development | 22.0 | 29.4 | 48.7 | 58.4 | |
Selling | 136.5 | 150.1 | 282.7 | 300.4 | |
Administration | 113.0 | 126.1 | 225.2 | 256.4 | |
Impairment charges | 1.5 | 34.1 | 4.6 | 34.1 | |
Restructuring | 8.7 | 36.9 | 38.1 | 81.3 | |
Other operating (income) expense, net | 12.2 | 20.0 | 17.2 | 54.0 | |
Total operating expenses | 317.5 | 421.2 | 662.9 | 834.1 | |
Operating income (loss) | $ 45.4 | $ (26.5) | $ 92.3 | $ (81.7) | |
Operating income (loss) % | 4.30% | (2.50%) | 4.40% | (3.80%) | |
Interest expense, net | $ 39.6 | $ 44.1 | $ 78.6 | $ 87.1 | |
Other (income) expense, net | 2.6 | 3.4 | 2.2 | 3.8 | |
Income (loss) from continuing operations before income taxes | 3.2 | (74.0) | 11.5 | (172.6) | |
Capital expenditures | 19.2 | 28.4 | 44.7 | 53.5 | |
Depreciation/amortization | 86.3 | 81.9 | 166.2 | 163.3 | |
Unallocated | |||||
Segment Reporting Information [Line Items] | |||||
Total assets | 0.0 | 0.0 | 0.0 | ||
Property, plant and equipment, net | 0.0 | 0.0 | 0.0 | ||
Net sales | 0.0 | 0.0 | 0.0 | 0.0 | |
Cost of sales | 0.0 | 0.0 | 0.0 | 0.0 | |
Gross profit | $ 0.0 | $ 0.0 | $ 0.0 | $ 0.0 | |
Gross margin (as a percent) | 0.00% | 0.00% | 0.00% | 0.00% | |
Operating expenses | |||||
Distribution | $ 0.0 | $ 0.0 | $ 0.0 | ||
Research and development | 0.0 | 0.0 | 0.0 | 0.0 | |
Selling | 0.0 | 0.0 | 0.0 | 0.0 | |
Administration | 44.3 | 54.9 | 90.3 | 105.9 | |
Impairment charges | 0.0 | 0.0 | 0.0 | 0.0 | |
Restructuring | 2.5 | 10.6 | 8.0 | 23.0 | |
Other operating (income) expense, net | 12.0 | 20.0 | 17.1 | 54.0 | |
Total operating expenses | 58.9 | 85.5 | 115.5 | 182.9 | |
Operating income (loss) | (58.9) | (85.5) | (115.5) | (182.9) | |
Capital expenditures | 0.0 | 0.0 | 0.0 | ||
Depreciation/amortization | 0.0 | 0.0 | 0.0 | 0.0 | |
CSCA | |||||
Segment Reporting Information [Line Items] | |||||
Net sales | 622.0 | 634.1 | 1,242.8 | 1,278.3 | |
Operating expenses | |||||
Restructuring | 5.1 | 2.1 | 25.1 | 18.6 | |
CSCA | Operating Segments | |||||
Segment Reporting Information [Line Items] | |||||
Total assets | 4,517.2 | 4,517.2 | 4,687.6 | ||
Property, plant and equipment, net | 746.0 | 746.0 | 769.0 | ||
Net sales | 622.0 | 634.1 | 1,242.8 | 1,278.3 | |
Cost of sales | 459.3 | 444.4 | 879.9 | 935.0 | |
Gross profit | $ 162.8 | $ 189.7 | $ 362.8 | $ 343.3 | |
Gross margin (as a percent) | 26.20% | 29.90% | 29.20% | 26.90% | |
Operating expenses | |||||
Distribution | $ 13.1 | $ 13.3 | $ 26.3 | $ 26.7 | |
Research and development | 11.8 | 15.0 | 27.0 | 31.3 | |
Selling | 50.5 | 58.1 | 107.4 | 110.3 | |
Administration | 35.6 | 32.0 | 66.5 | 71.4 | |
Impairment charges | 1.5 | 0.0 | 1.5 | 0.0 | |
Restructuring | 5.1 | 2.1 | 25.1 | 18.6 | |
Other operating (income) expense, net | 0.0 | 0.0 | 0.0 | 0.0 | |
Total operating expenses | 117.7 | 120.4 | 253.8 | 258.3 | |
Operating income (loss) | $ 45.1 | $ 69.3 | $ 109.1 | $ 85.0 | |
Operating income (loss) % | 7.30% | 10.90% | 8.80% | 6.60% | |
Capital expenditures | $ 10.6 | $ 21.6 | $ 25.5 | $ 39.8 | |
Depreciation/amortization | 39.5 | 34.9 | 74.8 | 68.1 | |
CSCI | |||||
Segment Reporting Information [Line Items] | |||||
Net sales | 434.3 | 431.3 | 857.4 | 869.3 | |
Operating expenses | |||||
Restructuring | 1.1 | 24.2 | 5.0 | 39.7 | |
CSCI | Operating Segments | |||||
Segment Reporting Information [Line Items] | |||||
Total assets | 5,576.9 | 5,576.9 | 4,960.1 | ||
Property, plant and equipment, net | 167.9 | 167.9 | $ 148.8 | ||
Net sales | 434.3 | 431.3 | 857.4 | 869.3 | |
Cost of sales | 234.0 | 226.3 | 464.9 | 460.1 | |
Gross profit | $ 200.2 | $ 205.0 | $ 392.5 | $ 409.2 | |
Gross margin (as a percent) | 46.10% | 47.50% | 45.80% | 47.10% | |
Operating expenses | |||||
Distribution | $ 10.5 | $ 11.4 | $ 20.1 | $ 22.8 | |
Research and development | 10.2 | 14.4 | 21.8 | 27.0 | |
Selling | 86.0 | 92.0 | 175.3 | 190.1 | |
Administration | 33.1 | 39.2 | 68.4 | 79.2 | |
Impairment charges | 0.0 | 34.1 | 3.1 | 34.1 | |
Restructuring | 1.1 | 24.2 | 5.0 | 39.8 | |
Other operating (income) expense, net | 0.1 | 0.0 | 0.1 | 0.0 | |
Total operating expenses | 141.0 | 215.3 | 293.7 | 393.0 | |
Operating income (loss) | $ 59.2 | $ (10.3) | $ 98.8 | $ 16.2 | |
Operating income (loss) % | 13.60% | (2.40%) | 11.50% | 1.90% | |
Capital expenditures | $ 8.6 | $ 6.8 | $ 19.2 | $ 13.7 | |
Depreciation/amortization | $ 46.8 | $ 47.0 | $ 91.4 | $ 95.3 |
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- Definition Ratio of operating income to sales No definition available.
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- Definition Percentage Of Gross Profit No definition available.
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- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of asset recognized for present right to economic benefit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest income (expense) classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition Amount of expense related to the production and distribution of goods or services to customers and clients. No definition available.
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- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expenditure for addition to long-lived assets included in determination of segment assets by chief operating decision maker (CODM) or otherwise regularly provided to CODM. Excludes expenditure for addition to financial instrument, long-term customer relationship of financial institution, mortgage and other servicing rights, deferred policy acquisition cost, and deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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