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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jul. 03, 2016
Jun. 28, 2015
Operating Activities    
Net income $ 84.1 $ 91.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 42.6 45.8
Deferred income taxes 10.9 0.6
Stock option compensation expense 6.2 7.1
Excess income tax benefits from stock options exercised (1.2) (2.1)
Gain on sale of facility (17.9)  
Changes in operating assets and liabilities, excluding the effect of businesses acquired:    
Accounts receivable 6.8 2.9
Inventories (12.6) (20.9)
Prepaid expenses and other assets 0.7 (0.5)
Accounts payable (2.1) (18.1)
Accrued liabilities 16.2 (34.9)
Income taxes receivable/payable, net 24.8 6.1
Long-term assets 0.9 0.7
Other long-term liabilities 1.7 3.0
Pension and postretirement benefits (9.3) (6.8)
Other, net 0.4 (0.5)
Net cash provided by operating activities from continuing operations 152.2 74.1
Net cash provided by discontinued operations 0.5 1.6
Net cash provided by operating activities 152.7 75.7
Investing Activities    
Purchases of property, plant and equipment (30.5) (21.1)
Purchase of businesses and other investments, net of cash acquired (58.3) (62.4)
Proceeds from sale of assets 20.2 3.3
Sales proceeds transferred to escrow as restricted cash (19.5) 0.0
Other, net (0.5)  
Net cash used in investing activities from continuing operations (88.6) (80.2)
Net cash used in discontinued operations   (0.2)
Net cash used in investing activities (88.6) (80.4)
Financing Activities    
Net (payments) proceeds on credit facility (74.9) 75.0
Proceeds on other debt 6.4  
Payments on other debt (19.8) (15.3)
Proceeds from exercise of stock options 9.6 10.8
Purchase of treasury stock 0.0 (142.0)
Excess income tax benefits from stock options exercised 1.2 2.1
Other, net (0.4) (0.5)
Net cash used in financing activities (77.9) (69.9)
Effect of exchange rate changes on cash 0.4 (5.5)
Decrease in cash (13.4) (80.1)
Cash—beginning of period 85.1 141.4
Cash—end of period $ 71.7 $ 61.3