XML 17 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Apr. 03, 2016
Mar. 29, 2015
Operating Activities    
Net income $ 38.4 $ 43.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 21.1 23.2
Deferred income taxes 4.1 0.4
Stock option compensation expense 3.3 3.8
Excess income tax benefits from stock options exercised (0.5) (0.8)
Changes in operating assets and liabilities, excluding the effect of businesses acquired:    
Accounts receivable 3.6 7.7
Inventories (10.2) (15.9)
Prepaid expenses and other assets (5.4) (4.6)
Accounts payable (2.2) (8.8)
Accrued liabilities 9.9 (39.1)
Income taxes payable, net 11.5 11.4
Long-term assets 1.6 (0.2)
Other long-term liabilities (5.5) 1.9
Pension benefits (5.9) (3.6)
Postretirement benefits (0.2) (0.3)
Other, net 5.5 (2.1)
Net cash provided by operating activities 69.1 16.7
Investing Activities    
Purchases of property, plant and equipment (14.2) (7.7)
Purchase of businesses and other investments, net of cash acquired 0.0 (18.8)
Proceeds from the disposal of fixed assets 0.2 0.3
Other, net (0.5)  
Net cash used by investing activities (14.5) (26.2)
Financing Activities    
Net proceeds (payments) on credit facility (51.5) 127.1
Payments on other debt (10.8) 0.0
Proceeds from exercise of stock options 2.6 2.7
Purchase of treasury stock 0.0 (142.0)
Excess income tax benefits from stock options exercised 0.5 0.8
Other, net   (2.3)
Net cash used by financing activities (59.2) (13.7)
Effect of exchange rate changes on cash 2.7 (8.0)
Decrease in cash (1.9) (31.2)
Cash—beginning of period 85.1 141.4
Cash—end of period $ 83.2 $ 110.2