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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 27, 2015
Sep. 28, 2014
Operating Activities    
Net income $ 140.0 $ 156.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 67.9 70.1
Deferred income taxes (2.8) (3.3)
Stock option compensation expense 9.7 10.1
Excess income tax benefits from stock options exercised (3.2) (4.2)
Changes in operating assets and liabilities, excluding the effect of businesses acquired:    
Accounts receivable 14.8 1.0
Inventories (26.4) (17.3)
Prepaid expenses and other assets (1.0) (0.6)
Accounts payable (10.4) (0.4)
Accrued liabilities (38.8) (5.0)
Income taxes payable, net 6.4 11.0
Long-term assets 5.2 (5.7)
Other long-term liabilities (1.8) 1.0
Pension benefits (8.5) (11.5)
Postretirement benefits (0.5) (0.2)
Other, net (1.4) 0.6
Net cash provided by operating activities 149.2 202.3
Investing Activities    
Purchases of property, plant and equipment (31.6) (29.7)
Purchase of businesses and other investments, net of cash acquired (63.7) (8.1)
Proceeds from the disposal of fixed assets 3.4 0.2
Net cash used by investing activities (91.9) (37.6)
Financing Activities    
Net proceeds on credit facility 100.0 26.3
Proceeds on other debt 4.7  
Payments on other debt (97.1) 0.0
Proceeds from exercise of stock options 13.5 14.2
Purchase of treasury stock (142.0) (146.6)
Excess income tax benefits from stock options exercised 3.2 4.2
Other, net (0.5) (0.3)
Net cash used by financing activities (118.2) (102.2)
Effect of exchange rate changes on cash (9.0) (2.7)
Increase (decrease) in cash (69.9) 59.8
Cash—beginning of period 141.4 66.0
Cash—end of period $ 71.5 $ 125.8