v3.26.1
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
€ in Millions, $ in Millions
6 Months Ended
Jul. 03, 2026
USD ($)
Jun. 27, 2025
USD ($)
Cash flows from operating activities:    
Net earnings $ 293.7 $ 338.5
Less: net earnings from discontinued operations 0.0 (114.3)
Net earnings from continuing operations 293.7 224.2
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Amortization 184.7 182.8
Depreciation 42.4 34.4
Stock-based compensation 45.2 46.0
Change in certain assets and liabilities:    
Change in accounts receivable, net 26.0 65.2
Change in inventories (20.0) (39.7)
Change in trade accounts payable (7.4) 17.0
Change in prepaid expenses and other assets (2.5) (23.3)
Change in accrued expenses and other liabilities (43.0) (109.8)
Total operating cash provided by continuing operations 519.1 396.8
Total operating cash provided by discontinued operations 1.9 156.1
Net cash provided by operating activities 521.0 552.9
Cash flows from investing activities:    
Purchases of property, plant and equipment (54.7) (46.1)
Cash paid for acquisitions, net of cash received (58.1) 0.0
All other investing activities 4.7 11.0
Total investing cash used in continuing operations (108.1) (35.1)
Total investing cash used in discontinued operations 0.0 (15.7)
Net cash used in investing activities (108.1) (50.8)
Cash flows from financing activities:    
Net proceeds from commercial paper borrowings 433.6 (253.2)
Repurchase of common shares (700.3) (337.6)
Payment of dividends (18.4) (54.2)
Proceeds from borrowings (maturities greater than 90 days), net of issuance costs 1,088.5 0.0
Repayment of borrowings (maturities greater than 90 days) (1,192.9) 0.0
Proceeds from Ralliant Dividend 0.0 1,150.0
All other financing activities (10.7) 7.5
Total financing cash (used in) provided by continuing operations (400.2) 512.5
Total financing cash used in discontinued operations 0.0 (3.2)
Net cash (used in) provided by financing activities (400.2) 509.3
Effect of exchange rate changes on cash and equivalents 4.1 8.0
Net change in cash, cash equivalents, and restricted cash 16.8 1,019.4
Beginning balance of cash, cash equivalents, and restricted cash 375.5 813.3
Ending balance of cash, cash equivalents, and restricted cash [1] $ 392.3 $ 1,832.7
[1]
(a) Balance as of July 3, 2026 includes $18.1 million of restricted cash recorded within Prepaid expenses and other current assets in the Consolidated Condensed Balance Sheets, which relates to cash held in escrow for dividend payments which were made to shareholders on July 6, 2026.