XML 147 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 29, 2012
Dec. 31, 2011
Jan. 01, 2011
OPERATING ACTIVITIES      
Net earnings $ 80.8 $ 123.3 $ 104.5
Adjustments necessary to reconcile net earnings to net cash provided by operating activities:      
Depreciation 21.2 14.9 14.5
Amortization 6.5 1.0 1.7
Deferred income taxes (4.2) 7.7 (4.3)
Stock-based compensation expense 15.0 14.1 11.5
Excess tax benefits from stock-based compensation (9.9) (3.3) (1.4)
Pension contribution (26.7) (31.8) (10.4)
Pension expense 27.9 17.5 16.3
Restructuring and other transition costs     4.2
Cash payments related to restructuring and other transition costs   (1.0) (7.5)
Other 4.8 11.3 3.5
Changes in operating assets and liabilities:      
Accounts receivable 15.1 (24.8) (32.5)
Inventories (29.4) (25.1) (49.1)
Other operating assets (17.1) (21.6) (1.0)
Accounts payable 5.9 (7.1) 21.7
Income taxes (0.3) 0.1 (11.9)
Other operating liabilities 2.0 3.6 8.1
Net cash provided by operating activities 91.6 78.8 67.9
INVESTING ACTIVITIES      
Business acquisition, net of cash acquired (1,225.9)    
Additions to property, plant and equipment (14.9) (19.4) (16.4)
Investments in joint venture (2.9)    
Proceeds from sales of property, plant and equipment   0.1 1.8
Other (2.4) (3.3) (2.5)
Net cash used in investing activities (1,246.1) (22.6) (17.1)
FINANCING ACTIVITIES      
Net borrowings (repayments) under revolver (11.0) 11.0  
Borrowings of long-term debt 1,275.0    
Payments of long-term debt (25.5) (0.5) (0.5)
Payments of debt issuance costs (40.1)    
Cash dividends paid (23.6) (22.7) (21.4)
Purchase of common stock for treasury (14.1) (67.5) (52.2)
Proceeds from shares issued under stock incentive plans 11.6 14.1 13.6
Excess tax benefits from stock-based compensation 9.9 3.3 1.4
Contributions from non-controlling interests 1.2    
Net cash provided by (used) in financing activities 1,183.4 (62.3) (59.1)
Effect of foreign exchange rate changes 2.5 (4.3) (1.7)
Increase (decrease) in cash and cash equivalents 31.4 (10.4) (10.0)
Cash and cash equivalents at beginning of the year 140.0 150.4 160.4
Cash and cash equivalents at end of the year 171.4 140.0 150.4
OTHER CASH FLOW INFORMATION      
Interest paid 10.0 0.8 0.2
Net income taxes paid $ 16.3 $ 30.0 $ 30.6