XML 15 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jul. 01, 2017
Cash flows from (used in) operating activities:    
Net income $ 35.4 $ 8.4
Less: Income from discontinued operations, net of tax 3.3 6.4
Income (loss) from continuing operations 32.1 2.0
Adjustments to reconcile income from continuing operations to net cash from (used in) operating activities:    
Special charges, net 3.6 1.0
Deferred and other income taxes 6.1 (3.8)
Depreciation and amortization 13.4 12.6
Pension and other employee benefits 3.8 7.5
Long-term incentive compensation 8.1 6.8
Other, net 0.7 1.7
Changes in operating assets and liabilities, net of effects from acquisitions and divestitures:    
Accounts receivable and other assets 11.1 5.8
Inventories (4.8) (20.3)
Accounts payable, accrued expenses and other (67.4) (22.3)
Cash spending on restructuring actions (0.9) (1.0)
Net cash from (used in) continuing operations 5.8 (10.0)
Net cash used in discontinued operations (1.1) (5.7)
Net cash from (used in) operating activities 4.7 (15.7)
Cash flows used in investing activities:    
Proceeds from company-owned life insurance policies, net 0.2 0.3
Business acquisitions, net of cash acquired (182.6) 0.0
Proceeds from sales of assets 10.1 0.0
Capital expenditures (5.4) (4.8)
Net cash used in continuing operations (177.7) (4.5)
Net cash from discontinued operations 2.4 0.0
Net cash used in investing activities (175.3) (4.5)
Cash flows from financing activities:    
Borrowings under senior credit facilities 129.0 16.0
Repayments under senior credit facilities (33.0) (24.7)
Borrowings under trade receivables financing arrangement 32.0 40.0
Repayments under trade receivables financing arrangement (10.0) (19.0)
Net repayments under other financing arrangements (1.1) (2.7)
Minimum withholdings paid on behalf of employees for net share settlements, net of proceeds from the exercise of employee stock options and other (3.0) (1.8)
Net cash from continuing operations 113.9 7.8
Net cash used in discontinued operations 0.0 0.0
Net cash from financing activities 113.9 7.8
Change in cash and equivalents due to changes in foreign currency exchange rates (0.9) (3.7)
Net change in cash and equivalents (57.6) (16.1)
Consolidated cash and equivalents, beginning of period 124.3 99.6
Consolidated cash and equivalents, end of period $ 66.7 $ 83.5