XML 20 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Apr. 01, 2017
Cash flows from operating activities of continuing operations:    
Net income (loss) $ 362.0 $ (34.4)
Net income (loss) from discontinued operations, net of income taxes 357.4 (24.2)
Net income (loss) from continuing operations 4.6 (10.2)
Adjustments to reconcile net income (loss) from continuing operations to cash flows provided by operating activities:    
Depreciation & amortization 47.4 43.6
Amortization of financing fees 0.9 0.3
Amortization of senior notes premium (0.4) (1.6)
Share-based compensation expense 3.4 4.0
(Benefit) provision for deferred income taxes (0.2) 1.8
Commodity hedging loss (gain), net 0.3 (1.9)
Gain on extinguishment of debt (7.1)  
Loss on disposal of property, plant & equipment, net 1.3 1.3
Other non-cash items 0.1 (1.8)
Change in operating assets and liabilities, net of acquisitions:    
Accounts receivable (12.7) 0.1
Inventories (9.1) (8.4)
Prepaid expenses and other current assets (4.3) (6.5)
Other assets 1.0 (0.1)
Accounts payable and accrued liabilities and other liabilities (2.6) 10.5
Net cash provided by operating activities from continuing operations 22.6 31.1
Cash flows from investing activities of continuing operations:    
Acquisitions, net of cash received (27.8) (5.0)
Additions to property, plant & equipment (29.8) (28.2)
Additions to intangible assets (2.2) (1.0)
Proceeds from sale of property, plant & equipment 1.9 4.1
Other investing activities 0.2 0.2
Net cash used in investing activities from continuing operations (57.7) (29.9)
Cash flows from financing activities of continuing operations:    
Payments of long-term debt (262.7) (0.4)
Issuance of long-term debt   750.0
Borrowings under ABL 0.6  
Payments under ABL (0.6)  
Premiums and costs paid upon extinguishment of long-term debt (12.5)  
Financing fees (1.5) (9.4)
Issuance of common shares 1.8 0.5
Common shares repurchased and cancelled (5.6) (1.8)
Dividends paid to common shareowners (8.4) (8.4)
Other financing activities (1.3) (1.0)
Net cash (used in) provided by financing activities from continuing operations (290.2) 729.5
Cash flows from discontinued operations:    
Operating activities of discontinued operations (74.4) (34.8)
Investing activities of discontinued operations 1,228.6 (14.2)
Financing activities of discontinued operations (769.7) (270.8)
Net cash provided by (used in) discontinued operations 384.5 (319.8)
Effect of exchange rate changes on cash (4.8) 1.5
Net increase in cash, cash equivalents and restricted 54.4 412.4
Cash & cash equivalents and restricted cash, beginning of period 157.9 118.1
Cash & cash equivalents and restricted cash, end of period 212.3 530.5
Cash & cash equivalents and restricted cash from discontinued operations, end of period   457.6
Cash & cash equivalents and restricted cash from continuing operations, end of period 212.3 72.9
Supplemental Non-cash Investing and Financing Activities:    
Accrued deferred financing fees   2.2
Dividends payable 0.1  
Additions to property, plant & equipment through accounts payable and accrued liabilities 9.9 8.3
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 10.7 17.5
Cash paid for income taxes, net $ 1.4 $ 0.7