XML 45 R7.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 27, 2015
Sep. 28, 2014
OPERATING ACTIVITIES    
Net income $ 5.2 $ 58.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 23.8 24.7
Amortization of intangibles 15.9 11.1
Loss on disposal and impairment of goodwill, property, plant and equipment and other 1.6 0.1
Stock-based compensation 7.7 6.0
Deferred income tax benefit (11.3) 1.1
Defined benefit plans settlement 59.7  
Changes in operating assets and liabilities, net of effects from business acquisitions and divestitures:    
Accounts receivable (20.0) (18.5)
Inventories 7.3 (5.3)
Prepaid expenses and other assets (5.3) 17.9
Accounts payable, accrued expenses and other liabilities (42.7) (21.6)
Net cash provided by operating activities 41.9 73.5
INVESTING ACTIVITIES    
Additions to property, plant and equipment (19.2) (16.1)
Proceeds from the sale of property, plant and equipment 0.1 0.4
Net proceeds from the sale of assets, and other 33.8  
Net cash provided by (used in) investing activities 14.7 (15.7)
FINANCING ACTIVITIES    
Payments of long-term debt (1.3) (1.6)
Payment of capital leases and other (3.4) (3.3)
Proceeds from share transactions under employee stock plans 2.1 10.5
Tax benefit of stock awards exercised 0.2 1.9
Payments to repurchase common stock (32.0) (29.1)
Debt issue costs   (2.0)
Dividends (17.2) (15.2)
Net cash used in financing activities (51.6) (38.8)
Effect of exchange rate changes on cash and cash equivalents (17.3) (14.5)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (12.3) 4.5
Cash and cash equivalents at beginning of year 301.1 267.9
CASH AND CASH EQUIVALENTS AT END OF PERIOD 288.8 272.4
CASH PAID FOR:    
Interest 12.6 9.6
Income taxes $ 18.6 $ 21.7