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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Apr. 01, 2022
Apr. 02, 2021
Operating activities:    
Net income $ 24.7 $ 41.4
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 23.6 23.8
Amortization of debt issuance costs 0.1 0.1
Share-based compensation expense 1.7 1.6
Change in uncertain tax positions 0.1 1.6
Loss (gain) on disposal of property, plant and equipment 3.8 (2.7)
Deferred income taxes (3.3) (0.5)
Foreign currency translation adjustment (5.3) 0.3
Other, net 2.3 (0.8)
Changes in operating assets and liabilities    
Receivables (82.2) (69.6)
Inventories (19.2) (6.7)
Prepaid expenses and other current assets (0.5) 3.8
Accounts payable and accrued expenses 53.5 57.5
Other assets and liabilities 0.4 (3.0)
Net cash (used in) provided by operating activities (0.3) 46.8
Investing activities:    
Capital expenditures (11.1) (33.6)
Proceeds from sales of property, plant and equipment 1.6 2.9
Proceeds from settlement of derivatives not designated as hedges 0.0 4.6
Investments in unconsolidated companies (7.1) 0.0
Other investing activities 0.0 0.2
Net cash used in investing activities (16.6) (25.9)
Financing activities:    
Proceeds from debt 262.5 185.7
Payments on debt (227.5) (193.4)
Distribution to noncontrolling interests 0.0 (0.9)
Share-based awards settled in cash for taxes (0.8) (0.3)
Dividends paid (7.2) (4.7)
Other Financing Activities (0.3) 0.9
Net cash provided by (used in) financing activities 26.7 (12.7)
Effect of exchange rate changes on cash (0.6) 1.7
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total 9.2 9.9
Cash and cash equivalents, beginning 16.1 16.5
Cash and cash equivalents, ending 25.3 26.4
Supplemental cash flow information:    
Cash paid for interest 6.4 6.7
Cash paid for income taxes 2.5 1.8
Non-cash financing and investing activities:    
Right-of-use assets obtained in exchange for new operating lease obligations 10.8 8.4
Dividends on restricted stock units $ 0.0 $ 0.2