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Consolidated Condensed Statements of Cash Flow - USD ($)
$ in Millions
6 Months Ended
Jul. 01, 2017
Jun. 18, 2016
OPERATING ACTIVITIES    
Net earnings $ 37.3 $ 41.7
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 18.2 20.3
Deferred income taxes (8.6) (1.6)
Stock-based compensation expense 13.0 11.5
Excess tax benefits from stock-based compensation 0.0 (0.1)
Pension contribution (0.7) (0.2)
Pension and SERP expense 7.5 4.8
Restructuring and impairment costs 49.7 16.4
Cash payments related to restructuring costs (27.5) (9.3)
Other (10.1) (6.8)
Changes in operating assets and liabilities:    
Accounts receivable (20.2) (12.9)
Inventories (4.6) 27.2
Other operating assets 6.9 5.8
Accounts payable 54.4 (30.0)
Other operating liabilities (7.7) 6.0
Net cash provided by operating activities 107.6 72.8
INVESTING ACTIVITIES    
Additions to property, plant and equipment (19.8) (28.2)
Investment in joint venture 0.0 (0.5)
Other (3.2) 2.7
Net cash used in investing activities (23.0) (26.0)
FINANCING ACTIVITIES    
Net payments under revolving credit agreements and other short-term notes (1.6) 0.0
Payments on long-term debt (15.0) (2.8)
Payments of debt issuance costs (0.1) 0.0
Cash dividends paid (11.6) (11.8)
Purchase of common stock for treasury (21.5) (6.0)
Purchases of shares under employee stock plans (5.0) (4.3)
Proceeds from the exercise of stock options 8.3 2.2
Excess tax benefits from stock-based compensation 0.0 0.1
Contributions from noncontrolling interests 0.8 1.3
Net cash used in financing activities (45.7) (21.3)
Effect of foreign exchange rate changes 4.1 2.1
Increase in cash and cash equivalents 43.0 27.6
Cash and cash equivalents at beginning of the year 369.8 194.1
Cash and cash equivalents at end of the period $ 412.8 $ 221.7