v3.26.1
CONDENSED COMBINED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jul. 04, 2026
Jun. 28, 2025
Cash flows from operating activities:    
Net earnings $ 25.1 $ 41.3
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 13.5 11.8
Non-cash share-based compensation 4.6 1.8
Deferred income taxes 0.9 (1.0)
Other non-cash items (0.1) (0.2)
Changes in assets and liabilities, net of acquisitions    
Accounts receivable, net 1.9 5.8
Inventories, net (16.8) (16.3)
Prepaid expenses and other assets 0.5 9.1
Accounts payable (5.4) 5.8
Accrued expenses and other liabilities 15.9 (10.3)
Net cash provided by operating activities 40.1 47.8
Cash flows from investing activities:    
Capital expenditures (6.6) (25.7)
Proceeds from sale of property, plant and equipment 0.2
Acquisitions, net of cash acquired (1.1)
Collections of loans to related parties 23.3 3.0
Loans made to related parties (11.5) (5.5)
Net cash provided by (used in) investing activities 4.3 (28.2)
Cash flows from financing activities:    
Distribution to Parent (233.0)  
Net transfers to Parent as reflected in the Condensed Combined Statements of Cash Flows (64.8) (7.3)
Borrowings under revolving credit facility 228.0  
Payments of debt issuance costs (2.9)  
Payments of foreign loans (1.7) 0.0
Payments of deferred purchase price (7.2) (4.8)
Payments of finance lease obligations (0.7) (0.7)
Other, net 0.0 (1.9)
Net cash used in financing activities (82.3) (14.7)
Effect of exchange rates on cash and cash equivalents (2.5) 8.1
Changes in cash and cash equivalents:    
Net (decrease) increase in cash and cash equivalents (40.4) 13.0
Cash and cash equivalents at beginning of year 90.9 59.2
Cash and cash equivalents at end of period 50.5 72.2
Supplemental cash flow information:    
Cash paid for income taxes, net of refunds $ 5.9 $ 7.5