v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Jun. 29, 2025
Jun. 30, 2024
Cash flows from operating activities        
Net income $ 19.7 $ 6.0 $ 44.7 $ 96.0
(Loss) income from discontinued operations, net of tax (0.8) (13.1) (2.2) 9.6
Net income from continuing operations 20.5 19.1 46.9 86.4
Adjustments to reconcile net income from continuing operations to net cash used by operating activities from continuing operations:        
Depreciation 14.6 14.1 42.6 42.9
Amortization 10.5 11.1 31.5 33.4
Share based compensation 4.8 4.5 14.7 12.9
Impairment of intangible assets     15.7 43.0
Impairment of property, plant and equipment and operating lease assets 7.8 5.1 7.8 5.6
Gain on early extinguishment of debt     0.0 (2.7)
Amortization of debt issuance costs and debt discount     2.6 3.0
Non-cash purchase accounting adjustments 0.0 0.2 0.0 1.1
Deferred tax (benefit) expense     (17.4) 3.3
Net changes in operating assets and liabilities     (111.3) (50.5)
Net cash provided by operating activities from continuing operations     33.1 178.4
Net cash used by operating activities from discontinued operations     (0.6) (96.5)
Net cash provided by operating activities     32.5 81.9
Cash flows from investing activities        
Purchases of property, plant and equipment     (25.1) (31.0)
Purchases of short term investments     0.0 (849.3)
Proceeds from sale of short term investments     0.0 1,792.0
Purchase price settlement from sale of HHI     0.0 (26.9)
Other investing activity     (0.1) 0.2
Net cash (used) provided by investing activities     (25.2) 885.0
Cash flows from financing activities        
Payment of debt and debt premium     (8.2) (1,346.7)
Proceeds from issuance of debt     103.0 350.0
Payment of debt issuance costs     (0.2) (15.0)
Premium on capped call transactions     0.0 (25.2)
Dividends paid to shareholders     (36.9) (38.8)
Dividends paid by subsidiary to non-controlling interest     (1.4) 0.0
Treasury stock purchases     (287.2) (482.7)
Excise tax paid on net share repurchases     (9.7) 0.0
Share based award tax withholding payments, net of proceeds upon vesting     (4.5) (5.5)
Other financing activity     0.1 0.0
Net cash used by financing activities     (245.0) (1,563.9)
Effect of exchange rate changes on cash and cash equivalents     (7.3) 0.8
Net change in cash, cash equivalents and restricted cash     (245.0) (596.2)
Cash, cash equivalents, and restricted cash, beginning of period     370.5 753.9
Cash, cash equivalents, and restricted cash, end of period 125.5 157.7 125.5 157.7
Non cash investing activities        
Acquisition of property, plant and equipment through finance leases     8.1 3.2
Non cash financing activities        
Non-cash excise tax on net share repurchases $ 0.5 $ 1.4 2.8 5.5
Issuance of shares through stock compensation plan     9.7 14.0
Continuing Operations        
Supplemental disclosure of cash flow information        
Cash paid for interest associated with continuing operations     20.3 66.7
Cash paid for taxes     45.9 22.3
Discontinued Operations        
Supplemental disclosure of cash flow information        
Cash paid for taxes     $ 2.8 $ 59.1