XML 87 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Condensed Statements of Cash Flow (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 14, 2014
Jun. 15, 2013
OPERATING ACTIVITIES    
Net earnings $ 64.8 $ 47.9
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 25.0 25.6
Deferred income taxes 0.6 (4.6)
Stock-based compensation expense 11.2 13.7
Excess tax benefits from stock-based compensation (3.7) (1.2)
Pension contribution (1.5) (0.8)
Pension expense 5.9 17.2
Restructuring costs 3.9 0
Other 2.0 1.6
Changes in operating assets and liabilities:    
Accounts receivable (37.8) (45.3)
Inventories (32.9) (18.9)
Other operating assets 9.5 14.6
Accounts payable 31.0 31.3
Other operating liabilities (12.4) 6.4
Net cash provided by operating activities 65.6 87.5
INVESTING ACTIVITIES    
Additions to property, plant and equipment (12.5) (14.7)
Proceeds from sale of property, plant and equipment 0 2.8
Investment in joint venture (0.7) (1.6)
Other (1.6) (1.2)
Net cash used in investing activities (14.8) (14.7)
FINANCING ACTIVITIES    
Payments on long-term debt (19.4) (65.3)
Cash dividends paid (12.0) (11.8)
Purchases of shares under employee stock plans (9.4) (0.3)
Proceeds from the exercise of stock options 3.8 4.8
Excess tax benefits from stock-based compensation 3.7 1.2
Net cash used in financing activities (33.3) (71.4)
Effect of foreign exchange rate changes 0.7 (1.8)
Increase (decrease) in cash and cash equivalents 18.2 (0.4)
Cash and cash equivalents at beginning of the year 214.2 171.4
Cash and cash equivalents at end of the period $ 232.4 $ 171.0