XML 69 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jul. 02, 2011
Cash flows from (used in) operating activities:    
Net income $ 61.0 $ 59.8
Less: Income from discontinued operations, net of tax 14.6 14.1
Income from continuing operations 46.4 45.7
Adjustments to reconcile income from continuing operations to net cash from (used in) operating activities:    
Special charges, net 10.8 6.6
Impairment of goodwill and other intangible assets   24.7
Gain on sale of a business (20.5)  
Deferred and other income taxes 0.1 (5.0)
Depreciation and amortization 57.1 42.2
Pension and other employee benefits 28.7 29.5
Stock-based compensation 28.3 25.7
Other, net 6.0 3.2
Changes in operating assets and liabilities, net of effects from acquisitions and divestitures:    
Accounts receivable and other assets (174.9) (45.1)
Inventories (7.8) (65.0)
Accounts payable, accrued expenses and other (154.1) (28.7)
Cash spending on restructuring actions (11.7) (13.2)
Net cash from (used in) continuing operations (191.6) 20.6
Net cash used in discontinued operations (29.5) (10.1)
Net cash from (used in) operating activities (221.1) 10.5
Cash flows used in investing activities:    
Proceeds from asset sales and other 8.7 0.2
(Increase) decrease in restricted cash 1.8 (2.8)
Business acquisitions, net of cash acquired (30.5) (7.4)
Capital expenditures (37.1) (44.4)
Net cash used in continuing operations (57.1) (54.4)
Net cash used in discontinued operations (2.0) (48.1)
Net cash used in investing activities (59.1) (102.5)
Cash flows from financing activities:    
Borrowings under senior credit facilities 586.0 375.0
Repayments under senior credit facilities (467.9) (340.0)
Repayments under senior notes   (49.5)
Borrowings under trade receivables agreement 98.0 86.0
Repayments under trade receivables agreement (59.3) (29.0)
Net borrowings under other financing arrangements 3.9 5.8
Purchases of common stock (75.0)  
Proceeds from the exercise of employee stock options and other, net of minimum withholdings paid on behalf of employees for net share settlements 4.6 (0.9)
Financing fees paid (0.2) (11.2)
Dividends paid (includes noncontrolling interest distributions for the six months ended July 2, 2011 of $2.9) (25.3) (28.1)
Net cash from continuing operations 64.8 8.1
Net cash from discontinued operations 0  
Net cash from financing activities 64.8 8.1
Change in cash and equivalents due to changes in foreign currency exchange rates (8.1) 23.6
Net change in cash and equivalents (223.5) (60.3)
Consolidated cash and equivalents, beginning of period 551.0 455.4
Consolidated cash and equivalents, end of period $ 327.5 $ 395.1