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Consolidated Condensed Statements of Cash Flow - USD ($)
$ in Millions
9 Months Ended
Oct. 02, 2021
Sep. 26, 2020
OPERATING ACTIVITIES    
Net earnings $ 82.0 $ 32.6
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 23.1 23.8
Deferred income taxes (3.9) (12.8)
Stock-based compensation expense 30.0 21.5
Pension and SERP expense 10.5 6.4
Debt Related Commitment Fees and Debt Issuance Costs 5.6 0.2
Environmental and other related costs, net of cash payments (8.5) 25.2
Other (3.5) (0.6)
Changes in operating assets and liabilities:    
Accounts receivable (90.3) (1.7)
Inventories (124.6) 21.6
Other operating assets 7.7 9.9
Accounts payable 68.4 (9.2)
Income taxes payable 5.7 15.1
Other operating liabilities 14.8 3.5
Net cash provided by operating activities 17.0 135.5
INVESTING ACTIVITIES    
Payments to Acquire Businesses, Net of Cash Acquired (417.8) (5.5)
Additions to property, plant and equipment (10.0) (6.0)
Payments to Acquire Equity Method Investments 0.0 3.5
Proceeds from Life Insurance Policy 0.0 25.6
Other (1.9) (1.0)
Net cash provided by (used in) investing activities (429.7) 9.6
FINANCING ACTIVITIES    
Repayments of Lines of Credit (40.0) (898.0)
Proceeds from Lines of Credit 350.0 538.0
Proceeds from Issuance of Debt 550.0 471.0
Payments on long-term debt (557.5) (28.5)
Payments of Debt Issuance Costs 7.4 6.4
Cash dividends paid (25.2) (25.4)
Purchases of common stock for treasury (26.9) (21.0)
Payment, Tax Withholding, Share-based Payment Arrangement (13.7) (20.1)
Proceeds from the exercise of stock options 15.6 4.0
Contributions from noncontrolling interests 4.8 1.8
Net cash provided by financing activities 249.7 15.4
Effect of foreign exchange rate changes (0.8) 0.9
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (163.8) 161.4
Cash and cash equivalents at beginning of the year 347.4 180.6
Cash and cash equivalents at end of the quarter $ 183.6 $ 342.0