XML 41 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 29, 2014
Jun. 30, 2013
Operating Activities    
Net income $ 101.8 $ 83.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 46.6 44.0
Deferred income taxes 3.4 21.5
Stock option expense 6.2 4.6
Excess income tax benefits from stock options exercised (4.0) (2.7)
Changes in operating assets and liabilities, excluding the effect of businesses acquired:    
Accounts receivable 3.5 15.0
Inventories (22.5) (8.0)
Prepaid expenses and other assets 0.5 5.6
Accounts payable 1.6 1.4
Accrued liabilities (10.2) (10.2)
Income taxes payable, net 4.6 (11.7)
Long-term assets (4.1) (3.8)
Other long-term liabilities (0.3) 2.2
Accrued pension obligation (8.7) (82.5)
Accrued postretirement benefits 0.1 (0.5)
Other operating, net 1.9 (1.9)
Net cash provided by operating activities 120.4 56.1
Investing Activities    
Purchases of property, plant and equipment (20.6) (36.3)
Purchase of businesses and other investments (2.9) (73.7)
Proceeds from the disposal of fixed assets 0.3 0.1
Net cash used by investing activities (23.2) (109.9)
Financing Activities    
Net proceeds from (repayments of) debt (42.9) 69.9
Proceeds from exercise of stock options 13.2 7.2
Purchase of treasury stock (35.6) 0
Excess income tax benefits from stock options exercised 4.0 2.7
Issuance of cash flow hedges 1.5 (1.7)
Net cash provided (used) by financing activities (59.8) 78.1
Increase in cash and cash equivalents 37.4 24.3
Cash and cash equivalents—beginning of period 66.0 45.8
Cash and cash equivalents—end of period $ 103.4 $ 70.1