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Consolidtaed Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 25, 2010
Dec. 26, 2009
Operating Activities:      
Net income $ 218.3 $ 225.6 $ 175.1
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 49.8 49.7 51.7
Equity compensation 18.0 14.8 13.2
Unrealized foreign exchange losses 0 2.2 3.9
Amortization and write-off of deferred debt costs 1.4 0.7 1.2
Interest rate swap impairment 18.9 0 0
Net gains on disposal of assets, including insurance recoveries (3.0) (0.2) (21.9)
Provision for bad debts 11.5 11.1 7.9
Write-down of inventories 11.2 18.7 16.2
Non-cash impact of impairment costs 36.5 4.4 30.2
Net change in deferred income taxes (8.8) 8.7 (16.3)
Excess tax benefits from share-based payment arrangements (9.0) (7.0) (14.7)
Changes in assets and liabilities:      
Accounts and notes receivable (1.7) (18.0) (23.0)
Inventories (49.5) (28.9) 4.2
Non-trade amounts receivable (4.2) (2.3) (7.9)
Prepaid expenses (1.8) 2.9 1.1
Other assets (2.0) (3.1) 2.2
Accounts payable and accrued liabilities (12.1) 37.3 21.8
Income taxes payable (8.9) (15.3) (6.9)
Other liabilities 1.1 3.7 0.2
Proceeds from insurance recoveries, net of costs 3.0 0 0
Net cash impact from hedging activity 6.1 (5.9) 12.7
Other (0.1) 0.4 0
Net cash provided by operating activities 274.7 299.5 250.9
Investing Activities:      
Capital expenditures (73.9) (56.1) (46.4)
Proceeds from disposal of property, plant and equipment 5.0 10.0 8.8
Proceeds from insurance recoveries 0 0 10.7
Net cash (used in) provided by investing activities (68.9) (46.1) (26.9)
Financing Activities:      
Dividend payments to shareholders (73.8) (63.2) (55.0)
Net proceeds from issuance of Senior Notes 393.3 [1] 0 0
Proceeds from exercise of stock options 16.1 16.8 39.4
Repurchase of common stock (428.6) (62.5) (83.2)
Repayment of long-term debt and capital lease obligations (407.4) (2.2) (141.8)
Net change in short-term debt 193.5 0.2 (1.9)
Debt issuance costs (3.0) 0 0
Excess tax benefits from share-based payment arrangements 9.0 7.0 14.7
Net cash (used in) provided by financing activities (300.9) (103.9) (227.8)
Effect of exchange rate changes on cash and cash equivalents (15.4) (13.2) (8.6)
Net change in cash and cash equivalents (110.5) 136.3 (12.4)
Cash and cash equivalents at beginning of year 248.7 112.4 124.8
Cash and cash equivalents at end of period $ 138.2 $ 248.7 $ 112.4
[1] In addition to a debt discount, $400 million of proceeds from issuance of Senior Notes was reduced by $2.6 million for non-cash debt issuance costs.