$BC-PC

BRUNSWICK CORP

CIK:0000014930|SEC Filings

Condensed Consolidated Statements of Comprehensive Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 04, 2026	Jun. 28, 2025	Jul. 04, 2026	Jun. 28, 2025
Income Statement [Abstract]
Net Sales	$ 1,557.8	$ 1,447.0	$ 2,935.9	$ 2,668.8
Cost of Sales	1,120.0	1,077.3	2,154.5	1,995.2
Selling, General and Administrative Expense	251.0	216.6	493.2	424.6
Research and Development Expense	50.4	41.8	96.7	80.3
Restructuring, Exit and Impairment Charges	7.0	8.0	11.8	9.1
Operating Earnings	129.4	103.3	179.7	159.6
Equity Earnings	1.7	1.7	3.3	3.9
Other Income (Expense), Net	(1.1)	(1.4)	(2.7)	(0.1)
Earnings Before Interest and Income Taxes	130.0	103.6	180.3	163.4
Interest Expense	(24.8)	(30.0)	(49.4)	(59.7)
Interest Income	1.2	1.7	2.4	3.4
Payment for Debt Extinguishment or Debt Prepayment Cost		0.0		(3.7)
Earnings Before Income Taxes	106.4	75.3	133.3	103.4
Income Tax Provision	(1.8)	15.7	4.1	23.6
Net Earnings from Continuing Operations	108.2	59.6	129.2	79.8
Discontinued operations:
Net Loss From Discontinued Operations, Net of Tax	1.6	(0.3)	1.6	(0.3)
Net Earnings (Loss)	$ 109.8	$ 59.3	$ 130.8	$ 79.5
Basic
Earnings from Continuing Operations	$ 1.66	$ 0.90	$ 1.98	$ 1.21
Loss from Discontinued Operations	0.02	(0.01)	0.02	(0.01)
Net Earnings (Loss)	1.68	0.89	2.00	1.20
Diluted
Earnings from Continuing Operations	1.66	0.90	1.97	1.21
Loss from Discontinued Operations	0.02	(0.01)	0.02	(0.01)
Net Earnings (Loss)	$ 1.68	$ 0.89	$ 1.99	$ 1.20
Weighted Average Shares Used for Computation of [Abstract]
Basic Earnings (Loss) Per Common Share	65.4	66.0	65.4	66.1
Diluted Earnings (Loss) per Common Share	65.5	66.0	65.6	66.2
Comprehensive Income (loss)	$ 103.0	$ 68.3	$ 129.0	$ 101.2
Cash Dividends Declared Per Common Share (in Dollars per Share)	$ 0.44	$ 0.43
Gain (Loss) on Extinguishment of Debt	$ 0.0		$ 0.0

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jul. 04, 2026	Jun. 28, 2025
Cash Flows from Operating Activities
Net Earnings (Loss)	$ 130.8	$ 79.5
Less: Net loss from Discontinued Operations, Net of Tax	1.6	(0.3)
Net Earnings from Continuing Operations, net of tax	129.2	79.8
Depreciation and Amortization	148.5	143.2
Employee Benefit and Share-Based Payment Arrangement, Noncash	(27.4)	(17.1)
Deferred Income Taxes	(16.9)	(0.6)
Changes in Certain Current Assets and Current Liabilities	(30.9)	60.2
Long-Term Extended Warranty Contracts and Other Deferred Revenue	6.6	8.5
Income Taxes	(13.8)	7.1
Other, net	0.8	(6.6)
Asset Impairment Charges	0.6	0.4
Net Cash used by Operating Activities of Continuing Operations	251.5	309.1
Net Cash Provided by (Used for) Operating Activities of Discontinued Operations	(1.8)	(20.3)
Net Cash used for Operating Activities	249.7	288.8
Cash Flows from Investing Activities
Capital Expenditures	(98.6)	(82.6)
Investments	0.4	0.5
Payments to Acquire Businesses and Interest in Affiliates	(28.2)	0.0
Proceeds from the Sale of Property, Plant and Equipment	9.2	6.8
Net Cash Used for Investing Activities	(117.2)	(70.0)
Cash Flows from Financing Activities
Repayments of Long-term Debt	2.5	127.3
Payment for Debt Extinguishment or Debt Prepayment Cost		(3.7)
Proceeds From Issuances of Short-Term Debt	0.0	267.6
Payments of Short-Term Debt	0.0	(212.7)
Payments of Long-Term Debt Including Current Maturities	(2.5)	(127.3)
Common Stock Repurchases	(31.2)	(43.1)
Cash Dividends Paid	(57.2)	(56.6)
Tax Withholding Associated with Shares Issued for Share-Based Compensation	(15.7)	(7.1)
Other, net	(0.5)	(1.8)
Net Cash Provided by Financing Activities	(107.1)	(181.0)
Effect of Exchange Rate Changes	(1.4)	10.2
Net Increase (Decrease) in Cash and Cash Equivalents and Restricted Cash	24.0	48.0
Cash and Cash Equivalents and Restricted Cash at Beginning of Period	274.9	285.9
Cash and Cash Equivalents and Restricted Cash at End of Period	298.9	333.9
Interest Paid, Excluding Capitalized Interest, Operating Activity	50.6	65.8
Less: Restricted Cash	10.8	18.2
Cash and Cash Equivalents at End of Period	288.1	315.7
Income Tax Paid, after Refund Received	34.6	19.3
Payment for (Proceeds from) Other Investing Activity	$ 0.0	$ (5.3)

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 04, 2026	Dec. 31, 2025	Jun. 28, 2025
Current Assets
Cash and Cash Equivalents, at Cost, Which Approximates Fair Value	$ 288.1	$ 256.8	$ 315.7
Restricted cash	10.8	18.1	18.2
Short-Term Investments in Marketable Securities	0.8	0.8	0.8
Total Cash and Short-Term Investments in Marketable Securities	299.7	275.7	334.7
Accounts and Notes Receivable, less Allowances of $12.0, $8.5 and $8.1	559.3	522.8	509.8
Inventories
Finished Goods	776.4	767.4	832.7
Work-In-Process	163.4	146.9	165.6
Raw Materials	277.2	278.0	306.8
Net Inventories	1,217.0	1,192.3	1,305.1
Prepaid Expenses and Other	130.9	72.5	86.7
Current Assets	2,206.9	2,063.3	2,236.3
Property
Land	42.2	43.8	43.8
Buildings and Improvements	685.9	681.5	662.2
Equipment	1,641.2	1,597.1	1,582.3
Total Land, Buildings and Improvements and Equipment	2,369.3	2,322.4	2,288.3
Accumulated Depreciation	(1,348.8)	(1,291.1)	(1,244.6)
Land Buildings And Improvements And Equipment Net	1,020.5	1,031.3	1,043.7
Unamortized Product Tooling Costs	179.0	176.5	194.8
Net Property	1,199.5	1,207.8	1,238.5
Other Assets
Goodwill	694.4	681.2	986.1
Other Intangibles, Net	828.9	854.8	899.4
Operating Lease Assets	215.0	170.2	163.5
Deferred Income Tax Asset	293.2	272.2	207.2
Equity Investments	33.9	34.4	35.0
Other Long-Term Assets	33.4	28.3	28.3
Other Assets	2,098.8	2,041.1	2,319.5
Total Assets	5,505.2	5,312.2	5,794.3
Current Liabilities
Short-Term Debt and Current Maturities of Long-Term Debt	295.2	295.4	176.6
Accounts Payable	465.9	374.9	422.7
Accrued Expenses	763.6	758.4	735.1
Current Liabilities	1,524.7	1,428.7	1,334.4
Long-Term Liabilities
Debt	1,805.7	1,806.8	2,097.5
Operating Lease Liabilities	190.2	151.7	142.2
Postretirement Benefits	37.3	37.9	47.2
Other	258.7	251.3	257.1
Long-Term Liabilities	2,301.8	2,257.9	2,554.9
Shareholders' equity
Common Stock; Authorized: 200,000,000 Shares, $0.75 Par Value; Issued: 102,538,000 Shares; Outstanding: 79,114,000, 79,569,000 and 87,063,000 Shares	76.9	76.9	76.9
Additional Paid-In Capital	427.4	426.8	406.1
Retained Earnings	3,438.4	3,364.8	3,637.6
Treasury Stock, at Cost: 23,424,000, 22,969,000 and 15,475,000 Shares	(2,239.5)	(2,220.2)	(2,183.9)
Accumulated Other Comprehensive Loss	(24.5)	(22.7)	(31.7)
Shareholders' Equity	1,678.7	1,625.6	1,905.0
Total Liabilities and Shareholders' Equity	$ 5,505.2	$ 5,312.2	$ 5,794.3
Common Stock, Shares Authorized (in Shares)	200,000,000	200,000,000	200,000,000
Common Stock, Par Value (in Dollars per Share)	$ 0.75	$ 0.75	$ 0.75
Common Stock, Shares Issued (in Shares)	102,538,000	102,538,000	102,538,000
Accounts and Notes Receivable, Allowances	$ 13.0	$ 10.6	$ 11.2
Common Stock, Shares Outstanding (in Shares)	64,842,000	64,889,000	65,477,000
Treasury Stock, Shares (in Shares)	37,696,000	37,649,000	37,061,000
Deferred Income Taxes and Other Tax Liabilities, Noncurrent	$ 9.9	$ 10.2	$ 10.9