v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
OPERATING ACTIVITIES    
Net income $ 174.9 $ 154.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 17.9 16.9
Amortization of intangibles and other 10.3 9.8
Loss on disposal of long-lived assets and (gain) on sale of assets 0.2 (4.1)
Stock-based compensation 9.5 10.0
Deferred income tax (6.2) (5.2)
Changes in operating assets and liabilities, net of effects from business acquisitions:    
Accounts receivable (69.3) (50.0)
Inventories (37.0) (16.8)
Prepaid expenses and other assets (16.3) (0.8)
Accounts payable, accrued expenses and other liabilities 40.9 16.6
Net cash provided by operating activities 124.9 130.9
INVESTING ACTIVITIES    
Additions to property, plant and equipment (19.8) (16.9)
Proceeds from the sale of property, plant and equipment   5.7
Business acquisitions, net of cash acquired (85.7) (96.3)
Net cash used in investing activities (105.5) (107.5)
FINANCING ACTIVITIES    
Payments of long-term debt   (40.0)
Payments for withholding taxes on vested awards (11.1) (12.8)
Payments for finance leases and other (1.3) (1.3)
Payments to repurchase common stock (7.9) (8.1)
Dividends (32.0) (26.7)
Net cash used in financing activities (52.3) (88.9)
Effect of exchange rate changes on cash and cash equivalents 15.3 (5.2)
DECREASE IN CASH AND CASH EQUIVALENTS (17.6) (70.7)
Cash and cash equivalents at beginning of year 386.9 350.1
CASH AND CASH EQUIVALENTS AT END OF PERIOD 369.3 279.4
Acquisition of businesses:    
Fair value of assets acquired 90.2 98.0
Cash paid, net of cash acquired 85.7 96.3
Liabilities assumed 4.5 1.7
Issuance of stock under management stock purchase plan 0.7 0.3
CASH PAID FOR:    
Interest 4.9 7.0
Income taxes $ 52.6 $ 60.6