XML 23 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 30, 2017
Dec. 31, 2016
Jan. 02, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 218.1 $ 209.3 $ 148.5
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities (Net of Acquisitions and Divestitures):      
Depreciation 82.0 93.4 95.5
Amortization 55.2 62.0 63.9
Goodwill Impairment 0.0 0.0 79.9
Share-Based Compensation Expense 13.6 13.3 13.9
Benefit from Deferred Income Taxes (9.7) (1.6) (10.4)
Loss on Venezuela Currency Devaluation 0.0 0.0 1.5
Loss on Exit of Business 3.9 0.0 0.0
Loss (Gain) on Disposition of Assets (2.5) 1.1 2.4
Provision for Losses on Receivables 1.3 1.6 12.2
Gain on Sale of Businesses (0.1) (11.6) 0.0
Change in Operating Assets and Liabilities, Net of Acquisitions and Divestitures      
Receivables (31.0) (10.4) 28.6
Inventories (83.0) 100.4 11.1
Accounts Payable 37.7 7.6 (22.3)
Current Liabilities and Other 6.4 (22.8) (40.5)
Net Cash Provided by Operating Activities 291.9 442.3 384.3
CASH FLOWS FROM INVESTING ACTIVITIES:      
Additions to Property, Plant and Equipment (65.2) (65.2) (92.2)
Purchases of Investment Securities (0.9) (53.7) (55.4)
Sales of Investment Securities 0.9 72.6 45.6
Business Acquisitions, Net of Cash Acquired 0.0 0.0 (1,401.4)
Proceeds from Sale of Businesses 1.1 24.6 0.0
Proceeds from Sale of Assets 6.3 2.1 15.8
Net Cash Used in Investing Activities (57.8) (19.6) (1,487.6)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings Under Revolving Credit Facility 1,247.6 583.7 512.0
Repayments Under Revolving Credit Facility (1,245.8) (568.7) (526.0)
Proceeds from Short-Term Borrowings 25.2 23.8 126.1
Repayments of Short-Term Borrowings (24.7) (30.5) (126.7)
Proceeds from Long-Term Borrowings 0.3 0.2 1,250.0
Repayments of Long-Term Borrowings (277.3) (323.8) (132.3)
Dividends Paid to Shareholders (44.5) (42.1) (40.2)
Proceeds from the Exercise of Stock Options 0.4 0.5 4.1
Shares Surrendered for Taxes (4.0) (2.7) (1.9)
Purchase of Subsidiary Shares from Noncontrolling Interest 0.0 (19.6) (1.4)
Financing Fees Paid 0.0 0.0 (18.0)
Repurchase of Common Stock (45.1) 0.0 (12.0)
Payments of Contingent Consideration (5.3) 0.0 0.0
Distributions to Noncontrolling Interests (17.4) (0.3) (0.3)
Net Cash Provided by (Used in) Financing Activities (390.6) (379.5) 1,033.4
EFFECT OF EXCHANGE RATES ON CASH and CASH EQUIVALENTS 11.6 (11.6) (11.3)
Net (Decrease) Increase in Cash and Cash Equivalents (144.9) 31.6 (81.2)
Cash and Cash Equivalents at Beginning of Period 284.5 252.9 334.1
Cash and Cash Equivalents at End of Period 139.6 284.5 252.9
Cash Paid During the Year for:      
Interest 53.2 53.7 54.6
Income Taxes $ 59.7 $ 66.9 $ 70.1