XML 16 R6.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Apr. 03, 2021
Mar. 28, 2020
Cash flows from (used in) operating activities:    
Net income $ 26.8 $ 22.7
Less: Income (loss) from discontinued operations, net of tax (0.8) 0.4
Income from continuing operations 27.6 22.3
Adjustments to reconcile income from continuing operations to net cash from (used in) operating activities:    
Special charges, net 0.7 0.3
Gain on change in fair value of equity security (5.2) 0.0
Deferred and other income taxes 8.3 3.9
Depreciation and amortization 11.1 9.2
Pension and other employee benefits 1.7 2.2
Long-term incentive compensation 3.0 3.5
Other, net 0.0 0.7
Changes in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable and other assets 41.2 24.4
Inventories (7.5) (22.8)
Accounts payable, accrued expenses and other (16.7) (40.7)
Cash spending on restructuring actions (0.5) (0.5)
Net cash from continuing operations 63.7 2.5
Net cash used in discontinued operations (3.5) (2.9)
Net cash from (used in) operating activities 60.2 (0.4)
Cash flows from (used in) investing activities:    
Proceeds from company-owned life insurance policies, net 3.5 1.1
Capital expenditures (2.6) (3.6)
Net cash from (used in) continuing operations 0.9 (2.5)
Net cash from discontinued operations 0.0 0.0
Net cash from (used in) investing activities 0.9 (2.5)
Cash flows from (used in) financing activities:    
Borrowings under senior credit facilities 54.0 178.7
Repayments under senior credit facilities (81.6) (88.7)
Borrowings under trade receivables financing arrangement 54.0 55.0
Repayments under trade receivables financing arrangement (48.0) (27.0)
Net borrowings (repayments) under other financing arrangements 0.2 (0.7)
Payment of contingent consideration 0.0 (1.5)
Minimum withholdings paid on behalf of employees for net share settlements, net of proceeds from the exercise of employee stock options (4.2) (2.8)
Net cash from (used in) continuing operations (25.6) 113.0
Net cash from discontinued operations 0.0 0.0
Net cash from (used in) financing activities (25.6) 113.0
Change in cash and equivalents due to changes in foreign currency exchange rates 3.1 (1.7)
Net change in cash and equivalents 38.6 108.4
Consolidated cash and equivalents, beginning of period 68.3 54.7
Consolidated cash and equivalents, end of period $ 106.9 $ 163.1