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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Cash flows from (used in) operating activities:    
Net income $ 11.4 $ 26.8
Less: Income (loss) from discontinued operations, net of tax (1.6) 3.8
Income from continuing operations 13.0 23.0
Adjustments to reconcile income from continuing operations to net cash from (used in) operating activities:    
Special charges, net 0.0 0.2
Gain on change in fair value of equity security (4.4) (5.2)
Deferred and other income taxes 4.3 8.3
Depreciation and amortization 14.0 8.7
Pension and other employee benefits 1.6 0.7
Long-term incentive compensation 3.1 2.7
Other, net 0.6 1.8
Changes in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable and other assets 10.4 27.5
Inventories (25.6) (6.9)
Accounts payable, accrued expenses and other (65.5) (37.3)
Cash spending on restructuring actions (0.1) (0.4)
Net cash from (used in) continuing operations (48.6) 23.1
Net cash from (used in) discontinued operations (8.6) 37.1
Net cash from (used in) operating activities (57.2) 60.2
Cash flows from (used in) investing activities:    
Proceeds related to company-owned life insurance policies, net 0.0 3.5
Business acquisition, net of cash acquired (41.8) 0.0
Capital expenditures (2.1) (2.2)
Net cash from (used in) continuing operations (43.9) 1.3
Net cash used in discontinued operations (13.9) (0.4)
Net cash from (used in) investing activities (57.8) 0.9
Cash flows from (used in) financing activities:    
Borrowings under senior credit facilities 0.0 54.0
Repayments under senior credit facilities (3.1) (81.6)
Borrowings under trade receivables arrangement 0.0 54.0
Repayments under trade receivables arrangement 0.0 (48.0)
Net borrowings (repayments) under other financing arrangements (0.2) 0.2
Payment of contingent consideration (1.3) 0.0
Minimum withholdings paid on behalf of employees for net share settlements, net of proceeds from the exercise of employee stock options (6.4) (3.8)
Net cash used in continuing operations (11.0) (25.2)
Net cash used in discontinued operations (0.4) (0.4)
Net cash used in financing activities (11.4) (25.6)
Change in cash and equivalents due to changes in foreign currency exchange rates (0.1) 3.1
Net change in cash and equivalents (126.5) 38.6
Consolidated cash and equivalents, beginning of period 396.0 68.3
Consolidated cash and equivalents, end of period $ 269.5 $ 106.9