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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Oct. 01, 2017
Oct. 02, 2016
Operating Activities    
Net income $ 159.6 $ 137.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 87.4 65.6
Deferred income taxes (1.3) 9.0
Stock-based compensation 14.3 12.2
Gain on sale of facility 0.0 (17.9)
Changes in operating assets and liabilities:    
Accounts receivable (7.7) 2.3
Inventories (36.9) (18.9)
Prepaid expenses and other assets (1.2) (1.4)
Accounts payable 12.6 6.9
Accrued liabilities 11.4 37.5
Income taxes receivable/payable, net 11.9 26.7
Long-term assets (12.5) 0.8
Other long-term liabilities 16.1 6.0
Pension and postretirement benefits (13.9) (12.3)
Other operating, net 8.5 (3.7)
Net cash provided by operating activities 248.3 250.7
Investing Activities    
Purchases of property, plant and equipment (40.5) (44.9)
Purchase of businesses and other investments, net of cash acquired (773.8) (58.5)
Proceeds from the sale of assets 1.1 29.6
Sales proceeds transferred to escrow as restricted cash 0.0 (19.5)
Net cash used in investing activities (813.2) (93.3)
Financing Activities    
Net proceeds from (payments on) credit facility 285.0 (150.5)
Proceeds from senior notes 268.0 0.0
Proceeds from term loan 100.0 0.0
Payments on senior notes and other debt (131.7) (22.7)
Proceeds from other debt 0.0 6.1
Proceeds from exercise of stock options 18.7 26.7
Other financing, net (4.4) (1.1)
Net cash provided by (used in) financing activities 535.6 (141.5)
Effect of exchange rate changes on cash 13.2 (1.5)
Change in cash (16.1) 14.4
Cash—beginning of period 98.6 85.1
Cash—end of period $ 82.5 $ 99.5