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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Apr. 03, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 127.1 $ 70.3
Adjustments to Reconcile Net Income to Net Cash (Used in) Provided by Operating Activities (Net of Acquisitions and Divestitures):    
Depreciation and Amortization 77.9 31.8
Noncash Lease Expense 9.9 6.1
(Gain) Loss on Sale or Disposition of Assets, Net (0.3) 0.6
Share-Based Compensation Expense 6.3 3.3
Financing Fees Amortization 0.9 4.8
Change in Operating Assets and Liabilities (227.7) (67.4)
Net Cash (Used in) Provided by Operating Activities (5.9) 49.5
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to Property, Plant and Equipment (13.4) (10.7)
Proceeds Received from Sales of Property, Plant and Equipment 1.4 0.9
Business Acquisitions, Net of Cash Acquired (35.0) (1.9)
Net Cash Used in Investing Activities (47.0) (11.7)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings Under Revolving Credit Facility 1,340.5 140.7
Repayments Under Revolving Credit Facility (1,122.2) (140.7)
Proceeds from Short-Term Borrowings 5.1 5.4
Repayments of Short-Term Borrowings (7.0) (5.6)
Proceeds from Long-Term Borrowings 1,036.8 0.0
Repayments of Long-Term Borrowings (1,107.5) (50.1)
Dividends Paid to Shareholders (22.3) (12.2)
Shares Surrendered for Taxes (2.8) (1.9)
Proceeds from the Exercise of Stock Options 1.8 0.1
Repurchase of Common Stock (114.2) 0.0
Financing Fees Paid (4.5) (12.4)
Net Cash Provided by (Used in) Financing Activities 3.7 (76.7)
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS 1.1 (6.0)
Net Decrease in Cash and Cash Equivalents (48.1) (44.9)
Cash and Cash Equivalents at Beginning of Period 672.8 611.3
Cash and Cash Equivalents at End of Period 624.7 566.4
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest 10.1 12.6
Income taxes $ 18.8 $ 15.8