XML 14 R5.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Condensed Statements of Cash Flow - USD ($)
$ in Millions
6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
OPERATING ACTIVITIES    
Net earnings $ 132.9 $ 82.8
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 16.8 14.4
Deferred income taxes 3.0 1.2
Stock-based compensation expense 19.3 21.6
Pension and SERP expense 4.7 7.0
Environmental and other related costs, net of cash payments (35.0) (9.4)
Gain (Loss) on Disposition of Intangible Assets (90.0) 0.0
Other (2.6) (1.6)
Changes in operating assets and liabilities:    
Accounts receivable (107.6) (103.9)
Inventories (284.7) (89.1)
Other operating assets (15.9) 10.3
Accounts payable 104.3 94.8
Income taxes payable 25.5 1.7
Other operating liabilities (18.6) 21.9
Net cash provided by (used in) operating activities (247.9) 51.7
INVESTING ACTIVITIES    
Additions to property, plant and equipment (16.1) (6.7)
Proceeds from sale of trademarks 90.0 0.0
Other 4.8 (1.4)
Net cash provided by (used in) investing activities 78.7 (8.1)
FINANCING ACTIVITIES    
Repayments of Lines of Credit (107.0) 0.0
Proceeds from Lines of Credit 372.0 0.0
Payments on long-term debt (5.0) (5.0)
Cash dividends paid (16.8) (16.9)
Purchases of common stock for treasury (81.3) (26.9)
Payment, Tax Withholding, Share-based Payment Arrangement (7.2) (13.1)
Proceeds from the exercise of stock options 1.4 12.0
Contributions from noncontrolling interests 7.0 4.8
Net cash provided by (used in) financing activities 163.1 (45.1)
Effect of foreign exchange rate changes (6.3) (0.1)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (12.4) (1.6)
Cash and cash equivalents at beginning of the year 161.7 347.4
Cash and cash equivalents at end of the quarter $ 149.3 $ 345.8