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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jan. 01, 2022
Jan. 02, 2021
Dec. 28, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 216.1 $ 193.8 $ 242.6
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities (Net of Acquisitions and Divestitures):      
Depreciation 93.2 84.1 84.2
Amortization 77.4 47.3 50.3
Goodwill Impairment 33.0 10.5 0.0
Asset Impairments 5.6 5.3 10.0
Noncash Lease Expense 26.1 24.5 30.6
Share-Based Compensation Expense 24.9 9.2 13.0
Financing Fee Amortization 19.2 1.5 1.4
Early Debt Extinguishment Charge 12.7 0.0 0.0
(Benefit) Expense from Deferred Income Taxes (14.9) (16.5) 22.4
Loss (Gain) on Disposition of Assets 0.2 3.0 (0.7)
Other Non-Cash Changes 0.8 5.8 4.0
Gain on Sale of Businesses 0.0 (0.1) (44.7)
Change in Operating Assets and Liabilities, Net of Acquisitions and Divestitures      
Receivables (154.5) 29.6 70.3
Inventories (148.5) (3.7) 68.6
Accounts Payable 156.6 15.2 (80.3)
Current Liabilities and Other 9.8 25.9 (63.2)
Net Cash Provided by Operating Activities 357.7 435.4 408.5
CASH FLOWS FROM INVESTING ACTIVITIES:      
Additions to Property, Plant and Equipment (54.5) (47.5) (92.4)
Business Acquisitions, Net of Cash Acquired (125.5) 0.0 0.0
Proceeds from Sale of Businesses 0.0 0.3 157.9
Proceeds from Sale of Assets 4.3 10.2 8.8
Net Cash (Used in) Provided by Investing Activities (175.7) (37.0) 74.3
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings Under Revolving Credit Facility 1,475.7 1,088.5 1,150.1
Repayments Under Revolving Credit Facility (739.0) (1,106.2) (1,230.8)
Proceeds from Short-Term Borrowings 17.2 2.6 27.5
Repayments of Short-Term Borrowings (15.7) (2.3) (27.5)
Proceeds from Long-Term Borrowings 0.0 0.1 0.0
Repayments of Long-Term Borrowings (451.1) (50.4) (90.3)
Dividends Paid to Shareholders (335.6) (48.7) (48.9)
Proceeds from the Exercise of Stock Options 2.6 0.2 0.3
Shares Surrendered for Taxes (8.9) (3.6) (10.9)
Early Debt Extinguishment Payments (12.7) 0.0 0.0
Financing Fees Paid (19.8) 0.0 0.0
Repurchase of Common Stock (25.8) (25.0) (165.1)
Distributions to Noncontrolling Interests (4.5) (2.8) (1.8)
Net Cash Used in Financing Activities (117.6) (147.6) (397.4)
EFFECT OF EXCHANGE RATES ON CASH and CASH EQUIVALENTS (2.9) 29.1 (2.6)
Net Increase in Cash and Cash Equivalents 61.5 279.9 82.8
Cash and Cash Equivalents at Beginning of Period 611.3 331.4 248.6
Cash and Cash Equivalents at End of Period 672.8 611.3 331.4
Cash Paid During the Year for:      
Interest 35.2 38.6 51.7
Income Taxes 103.1 44.3 42.3
Non-Cash Investing: Issuance of Common Stock and Replacement Equity-Based Awards in Connection with Rexnord Transaction $ 3,943.4 $ 0.0 $ 0.0