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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Oct. 01, 2017
Oct. 02, 2016
OPERATING ACTIVITIES    
Net income $ 75.4 $ 66.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 21.9 22.7
Amortization of intangibles 16.8 15.3
Loss on disposal and impairment of goodwill, property, plant and equipment and other 1.0 1.8
Gain on disposition   (8.6)
Gain on acquisition   (1.7)
Stock-based compensation 10.2 10.6
Deferred income tax 1.8 2.9
Changes in operating assets and liabilities, net of effects from business acquisitions and divestures:    
Accounts receivable (21.9) (24.3)
Inventories (10.1) 1.4
Prepaid expenses and other assets 11.1 8.7
Accounts payable, accrued expenses and other liabilities (32.8) (25.9)
Net cash provided by operating activities 73.4 69.6
INVESTING ACTIVITIES    
Additions to property, plant and equipment (17.1) (26.3)
Proceeds from the sale of property, plant and equipment 0.4  
Net proceeds from the sale of asset, and other 3.1 4.2
Business acquisitions, net of cash acquired 0.1 (2.1)
Net cash used in investing activities (13.5) (24.2)
FINANCING ACTIVITIES    
Proceeds from long-term borrowings 20.0 530.0
Payments of long-term debt (151.8) (501.1)
Payment of capital leases and other (4.6) (1.6)
Proceeds from share transactions under employee stock plans 1.0 7.3
Tax benefit of stock awards exercised   0.4
Payments to repurchase common stock (13.6) (22.2)
Debt issuance costs   (2.1)
Dividends (19.4) (18.2)
Net cash used in financing activities (168.4) (7.5)
Effect of exchange rate changes on cash and cash equivalents 16.7 4.5
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (91.8) 42.4
Cash and cash equivalents at beginning of year 338.4 296.2
CASH AND CASH EQUIVALENTS AT END OF PERIOD 246.6 338.6
Acquisition of businesses:    
Fair value of assets acquired   5.7
Cash paid, net of cash acquired   2.1
Gain on acquisition   1.7
Liabilities assumed   1.9
Issuance of stock under management stock purchase plan 1.0 0.7
CASH PAID FOR:    
Interest 12.8 15.1
Income taxes $ 29.5 $ 23.8