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Consolidated Condensed Statements of Cash Flow - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Oct. 01, 2022
OPERATING ACTIVITIES    
Net earnings $ 51.4 $ 171.7
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 26.3 25.2
Deferred income taxes (1.6) 2.5
Stock-based compensation expense 11.8 26.4
Pension and SERP expense 1.2 7.0
Impairment, Long-Lived Asset, Held-for-Use 55.8 0.0
Environmental and other related costs, net of cash payments (68.8) (35.8)
Gain on sale of businesses, trademarks and intangible assets 77.8 90.0
Other (1.1) (4.9)
Changes in operating assets and liabilities:    
Accounts receivable (25.1) (133.5)
Inventories 178.5 (533.5)
Other operating assets (11.7) (15.1)
Accounts payable (74.7) 109.2
Income taxes payable 5.6 5.7
Other operating liabilities (62.8) (25.1)
Net cash provided by (used in) operating activities 7.0 (490.2)
INVESTING ACTIVITIES    
Additions to property, plant and equipment (18.5) (23.5)
Proceeds from sale of businesses, trademarks, intangible assets and other assets 136.0 90.0
Payments to Acquire Equity Method Investments 0.0 (2.8)
Other (1.3) 4.5
Net cash provided by investing activities 116.2 68.2
FINANCING ACTIVITIES    
Repayments of Lines of Credit (620.0) (153.0)
Proceeds from Lines of Credit 565.0 668.0
Payments on long-term debt (7.5) (7.5)
Payments of Debt Issuance Costs (0.9) 0.0
Cash dividends paid (24.5) (24.7)
Purchases of common stock for treasury 0.0 (81.3)
Payment, Tax Withholding, Share-based Payment Arrangement (5.8) (7.4)
Proceeds from the exercise of stock options 0.1 1.4
Contributions from noncontrolling interests 2.1 7.0
Net cash provided by (used in) financing activities (91.5) 402.5
Effect of foreign exchange rate changes (2.5) (5.8)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 29.2 (25.3)
Cash and cash equivalents at beginning of the year 135.5 161.7
Cash and cash equivalents at end of the quarter $ 164.7 $ 136.4