XML 45 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 28, 2014
Mar. 29, 2013
Operating activities:    
Net income $ 58.9 $ 41.8
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 18.0 17.5
Amortization of debt issuance costs 0.1 0.1
Stock-based compensation expense 3.2 2.9
Asset impairment, net 0.3 0
Change in uncertain tax positions 0.1 2.2
Gain on sale of securities 0 (2.3)
Gain on sales of property, plant and equipment (0.1) (0.3)
Equity in (income) loss of unconsolidated companies 0 (0.1)
Deferred income taxes (6.2) 2.2
Foreign currency translation adjustment 0.3 (1.6)
Changes in operating assets and liabilities:    
Receivables (46.6) (51.4)
Inventories (7.1) (26.5)
Prepaid expenses and other current assets 0.8 0.3
Accounts payable and accrued expenses 23.3 24.0
Other noncurrent assets and liabilities (5.1) (1.2)
Net cash provided by operating activities 39.9 7.6
Investing activities:    
Capital expenditures (50.7) (32.8)
Proceeds from sales of property, plant and equipment 0.4 0.6
Proceeds from sale of securities available-for-sale 0 7.7
Net cash used in investing activities (50.3) (24.5)
Financing activities:    
Proceeds from long-term debt 160.0 168.7
Payments on long-term debt (129.5) (148.3)
Contributions (to) from noncontrolling interests, net (0.1) 3.6
Proceeds from stock options exercised 2.8 12.8
Dividends paid (7.1) (7.2)
Repurchase of shares (19.8) (27.9)
Net cash used in financing activities 6.3 1.7
Effect of exchange rate changes on cash 0.2 1.2
Net decrease in cash and cash equivalents (3.9) (14.0)
Cash and cash equivalents, beginning 42.5 39.9
Cash and cash equivalents, ending 38.6 25.9
Supplemental cash flow information:    
Cash paid for interest 1.1 0.9
Cash paid for income taxes 0.9 3.3
Non-cash financing and investing activities:    
Purchases of assets under capital lease obligations $ 0.7 $ 0.5
Retirement of ordinary shares 19.8 27.9