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Consolidated Condensed Statements of Cash Flow - USD ($)
$ in Millions
 3 Months Ended
Apr. 03, 2021
Mar. 28, 2020
OPERATING ACTIVITIES    
Net earnings $ 38.4 $ 12.8
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 7.2 7.8
Deferred income taxes 1.0 (12.6)
Stock-based compensation expense 10.0 2.7
Pension and SERP expense 3.5 2.1
Environmental and other related costs, net of cash payments (0.2) 49.6
Other 0.6 5.8
Changes in operating assets and liabilities:    
Accounts receivable (56.2) 4.1
Inventories (79.0) (61.0)
Other operating assets 8.9 1.4
Accounts payable 95.8 (64.0)
Income taxes payable (0.2) 2.7
Other operating liabilities (3.5) (28.0)
Net cash provided by (used in) operating activities 26.3 (76.6)
INVESTING ACTIVITIES    
Payments to Acquire Businesses, Net of Cash Acquired 0.0 (5.5)
Additions to property, plant and equipment (2.2) (3.6)
Other (0.5) (0.2)
Net cash used in investing activities (2.7) (9.3)
FINANCING ACTIVITIES    
Repayments of Lines of Credit 0.0 (108.0)
Proceeds from Lines of Credit 0.0 538.0
Payments on long-term debt (2.5) (2.5)
Cash dividends paid (8.5) (9.0)
Purchases of common stock for treasury 0.0 (21.0)
Payment, Tax Withholding, Share-based Payment Arrangement (9.2) (19.7)
Proceeds from the exercise of stock options 10.5 1.5
Contributions from noncontrolling interests 4.8 0.0
Net cash provided by (used in) financing activities (4.9) 379.3
Effect of foreign exchange rate changes (1.3) (1.4)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 17.4 292.0
Cash and cash equivalents at beginning of the year 347.4 180.6
Cash and cash equivalents at end of the quarter $ 364.8 $ 472.6