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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Cash flows from (used in) operating activities:    
Net income $ 22.7 $ (0.8)
Less: Loss from discontinued operations, net of tax 0.0 (1.4)
Income from continuing operations 22.7 0.6
Adjustments to reconcile income from continuing operations to net cash from (used in) operating activities:    
Special charges, net 0.3 0.1
Gain on change in fair value of equity security 0.0 (6.3)
Deferred and other income taxes 3.9 2.5
Depreciation and amortization 9.2 8.1
Pension and other employee benefits 2.2 2.8
Long-term incentive compensation 3.5 3.5
Other, net 0.7 0.3
Changes in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable and other assets 23.8 47.5
Inventories (22.7) (14.4)
Accounts payable, accrued expenses and other (40.4) (32.2)
Cash spending on restructuring actions (0.5) (1.0)
Net cash from continuing operations 2.7 11.5
Net cash used in discontinued operations (3.1) (0.9)
Net cash from (used in) operating activities (0.4) 10.6
Cash flows from (used in) investing activities:    
Proceeds from company-owned life insurance policies, net 1.1 0.5
Business acquisitions, net of cash acquired 0.0 (77.0)
Net proceeds from sales of assets 0.0 5.5
Capital expenditures (3.6) (3.7)
Net cash used in continuing operations (2.5) (74.7)
Net cash from discontinued operations 0.0 0.0
Net cash used in investing activities (2.5) (74.7)
Cash flows from (used in) financing activities:    
Borrowings under senior credit facilities 178.7 89.3
Repayments under senior credit facilities (88.7) (64.5)
Borrowings under trade receivables financing arrangement 55.0 40.0
Repayments under trade receivables financing arrangement (27.0) (29.0)
Net borrowings (repayments) under other financing arrangements (0.7) 2.8
Payment of contingent consideration (1.5) 0.0
Minimum withholdings paid on behalf of employees for net share settlements, net of proceeds from the exercise of employee stock options (2.8) (5.9)
Net cash from continuing operations 113.0 32.7
Net cash from (used in) discontinued operations 0.0 0.0
Net cash from financing activities 113.0 32.7
Change in cash and equivalents due to changes in foreign currency exchange rates (1.7) 1.6
Net change in cash and equivalents 108.4 (29.8)
Consolidated cash and equivalents, beginning of period 54.7 68.8
Consolidated cash and equivalents, end of period $ 163.1 $ 39.0