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Consolidated Condensed Statements of Cash Flow - USD ($)
$ in Millions
9 Months Ended
Sep. 29, 2018
Sep. 30, 2017
OPERATING ACTIVITIES    
Net earnings $ 161.0 $ 60.1
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 22.6 28.0
Deferred income taxes 12.3 (13.2)
Stock-based compensation expense 21.2 19.1
Pension contribution (60.7) (11.1)
Pension and SERP expense 4.0 11.2
Restructuring and other related costs 0.0 73.9
Cash payments related to restructuring costs (4.8) (58.9)
Environmental and other related costs, net of cash payments (6.3) 0.0
Loss/(gain) on sale of a business and other assets 0.3 (7.0)
Other 6.5 (12.1)
Changes in operating assets and liabilities:    
Accounts receivable (95.4) (24.3)
Inventories (49.2) (15.1)
Other operating assets (3.2) 1.9
Accounts payable (21.8) (10.0)
Income taxes payable 8.2 (1.1)
Other operating liabilities (28.7) 8.1
Net cash provided by (used in) operating activities (34.0) 49.5
INVESTING ACTIVITIES    
Additions to property, plant and equipment (15.3) (28.7)
Proceeds from sale of a business and other assets 2.2 38.0
Other (1.7) (4.1)
Net cash provided by (used in) investing activities (14.8) 5.2
FINANCING ACTIVITIES    
Net borrowings under revolving credit agreements and other short-term notes 1.0 0.3
Payments on long-term debt (122.6) (26.2)
Payments of debt issuance costs 0.0 (0.1)
Cash dividends paid (21.0) (17.4)
Purchases of common stock for treasury (69.9) (51.5)
Purchases of shares under employee stock plans (8.1) (5.2)
Proceeds from the exercise of stock options 23.2 11.9
Contributions from noncontrolling interests 0.0 0.8
Net cash used in financing activities (197.4) (87.4)
Effect of foreign exchange rate changes (6.7) 5.6
Decrease in cash and cash equivalents (252.9) (27.1)
Cash and cash equivalents at beginning of the year 481.0 369.8
Cash and cash equivalents at end of the period $ 228.1 $ 342.7