XML 17 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Oct. 02, 2016
Sep. 27, 2015
OPERATING ACTIVITIES    
Net income $ 66.7 $ 5.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 22.7 23.8
Amortization of intangibles 15.3 15.9
Loss on disposal and impairment of goodwill, property, plant and equipment and other 1.8 1.6
Gain on disposition (8.6)  
Gain on acquisition (1.7)  
Stock-based compensation 10.6 7.7
Deferred income tax 2.9 (11.3)
Defined benefit plans settlement   59.7
Changes in operating assets and liabilities, net of effects from business acquisitions and divestures:    
Accounts receivable (24.3) (20.0)
Inventories 1.4 7.3
Prepaid expenses and other assets 8.7 (5.3)
Accounts payable, accrued expenses and other liabilities (25.9) (42.7)
Net cash provided by operating activities 69.6 41.9
INVESTING ACTIVITIES    
Additions to property, plant and equipment (26.3) (19.2)
Proceeds from the sale of property, plant and equipment   0.1
Business acquisitions, net of cash acquired (2.1)  
Net proceeds from the sale of asset, and other 4.2 33.8
Net cash (used in) provided by investing activities (24.2) 14.7
FINANCING ACTIVITIES    
Proceeds from long-term borrowings 530.0  
Payments of long-term debt (501.1) (1.3)
Payment of capital leases and other (1.6) (3.4)
Proceeds from share transactions under employee stock plans 7.3 2.1
Tax benefit of stock awards exercised 0.4 0.2
Payments to repurchase common stock (22.2) (32.0)
Debt issuance costs (2.1)  
Dividends (18.2) (17.2)
Net cash used in financing activities (7.5) (51.6)
Effect of exchange rate changes on cash and cash equivalents 4.5 (17.3)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 42.4 (12.3)
Cash and cash equivalents at beginning of year 296.2 301.1
CASH AND CASH EQUIVALENTS AT END OF PERIOD 338.6 288.8
Acquisition of businesses:    
Fair value of assets acquired 5.7 (0.3)
Cash paid, net of cash acquired 2.1 (0.7)
Gain on fair value of acquisition 1.7  
Liabilities assumed 1.9 0.4
Acquisitions of fixed assets under financing agreement   0.2
Issuance of stock under management stock purchase plan 0.7 0.3
CASH PAID FOR:    
Interest 15.1 12.6
Income taxes $ 23.8 $ 18.6