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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Oct. 01, 2017
Operating Activities    
Net income $ 242.7 $ 159.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 83.7 87.4
Deferred income taxes 4.3 (1.3)
Stock-based compensation 18.8 14.3
Changes in operating assets and liabilities:    
Accounts receivable (52.4) (7.7)
Inventories (10.1) (36.9)
Prepaid expenses and other assets 3.7 (1.2)
Accounts payable 18.3 12.6
Accrued liabilities 26.1 11.4
Income taxes receivable/payable, net (6.1) 11.9
Long-term assets (0.4) (12.5)
Other long-term liabilities 2.6 16.1
Pension and postretirement benefits (13.3) (13.9)
Other operating, net 3.5 8.5
Net cash provided by operating activities 321.4 248.3
Investing Activities    
Purchases of property, plant and equipment (68.1) (40.5)
Purchase of businesses and other investments, net of cash acquired 0.0 (773.8)
Proceeds from the sale of assets 1.2 1.1
Net cash used in investing activities (66.9) (813.2)
Financing Activities    
Net proceeds from (payments on) credit facility (165.0)  
Net proceeds from (payments on) credit facility   285.0
Proceeds from senior notes 0.0 268.0
Proceeds from term loan 0.0 100.0
Proceeds from (payments on) other debt, net (59.6) (131.7)
Proceeds from exercise of stock options 36.1 18.7
Other financing, net (2.0) (4.4)
Net cash provided by (used in) financing activities (190.5) 535.6
Effect of exchange rate changes on cash (8.8) 13.2
Change in cash 55.2 (16.1)
Cash—beginning of period 70.9 98.6
Cash—end of period $ 126.1 $ 82.5