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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jul. 03, 2022
Jul. 04, 2021
Operating Activities:    
Consolidated net income $ 90.4 $ 84.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 47.9 47.3
Non-cash pension settlement charge 1.5 2.2
Reduction of right of use asset 6.2 6.2
Other non-cash items 10.5 7.1
Pension plan funding (2.3) (4.2)
Net changes in operating assets and liabilities (121.0) (24.6)
Net cash provided by operating activities 33.2 118.0
Investing Activities:    
Purchases of property, plant and equipment, net (40.2) (39.8)
Acquisition of business, net of cash acquired (22.3) 0.0
Proceeds from sales of assets 0.3 0.3
Proceeds from sale of short-term investments 5.5 3.7
Purchases of short-term investments (2.0) (5.1)
Other investing activities 1.6 0.8
Net cash used in investing activities (57.1) (40.1)
Financing Activities:    
Repayment of long-term debt (0.5) (0.8)
Proceeds from issuance of short-term debt 30.0 0.5
Purchase of common stock for treasury (40.7) (36.9)
Proceeds from issuance of stock under option plan 1.1 10.4
Excess tax benefits related to stock incentive programs (3.3) (2.8)
Dividends paid to non-controlling interests (6.3) (0.6)
Cash dividends paid (3.3) (3.4)
Net cash provided by (used in) financing activities (23.0) (33.6)
Effect of exchange rate changes on cash and cash equivalents (17.9) (8.4)
Net increase (decrease) in cash and cash equivalents (64.8) 35.9
Cash and cash equivalents at beginning of period 299.5 [1] 367.7
Cash and cash equivalents at end of period 234.7 403.6
Supplemental disclosure of cash flow information:    
Interest paid 29.7 28.1
Income taxes paid 24.4 23.6
Non-cash financing activities:    
Treasury stock purchases settled after period end $ 0.7 $ 0.7
[1] Condensed from audited financial statements