v3.26.1
CONSOLIDATED AND COMBINED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jul. 03, 2026
Jun. 27, 2025
Cash flows from operating activities:    
Net earnings $ 101.4 $ 111.5
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Amortization 44.5 42.2
Depreciation 15.2 13.3
Stock-based compensation 22.9 14.6
Gain on settlement of investments (0.6) 0.0
Change in accounts receivable, net (8.1) 13.8
Change in inventories (36.3) (10.1)
Change in trade accounts payable 13.2 (20.9)
Change in prepaid expenses and other assets (4.0) (28.6)
Change in accrued expenses and other liabilities (23.6) 21.6
Net cash provided by operating activities 124.6 157.4
Cash flows from investing activities:    
Purchases of property, plant and equipment (15.1) (17.2)
Proceeds from settlement of investments 0.6 0.0
Proceeds from sale of property 0.0 1.5
Net cash used in investing activities (14.5) (15.7)
Cash flows from financing activities:    
Net proceeds from borrowings 59.2 1,146.8
Repayment of borrowings (60.0) 0.0
Repurchase of common shares (151.5) 0.0
Dividends paid (11.1) 0.0
Other financing activities 6.9 0.0
Consideration paid to Former Parent in connection with separation 0.0 (1,150.0)
Net transfers from Former Parent 0.0 47.3
Net cash (used in) provided by financing activities (156.5) 44.1
Effect of exchange rate changes on cash and equivalents (1.5) 12.8
Net change in cash and equivalents (47.9) 198.6
Beginning balance of cash and equivalents 318.8 0.0
Ending balance of cash and equivalents $ 270.9 $ 198.6