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Consolidated Condensed Statements of Cash Flow - USD ($)
$ in Millions
8 Months Ended 9 Months Ended
Sep. 10, 2016
Sep. 30, 2017
OPERATING ACTIVITIES    
Net earnings $ 89.9 $ 60.1
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 30.0 28.0
Deferred income taxes (0.6) (13.2)
Stock-based compensation expense 15.3 19.1
Excess tax benefits from stock-based compensation (0.4) 0.0
Pension contribution (0.4) (11.1)
Pension and SERP expense 7.3 11.2
Restructuring and impairment costs 17.6 73.9
Cash payments related to restructuring costs (11.2) (58.9)
(Gain)/loss on sale of a business and other assets 0.0 (7.0)
Other (4.8) (12.1)
Changes in operating assets and liabilities:    
Accounts receivable (12.7) (24.3)
Inventories 8.3 (15.1)
Other operating assets 10.1 1.9
Accounts payable (34.7) (10.0)
Other operating liabilities 29.5 7.0
Net cash provided by operating activities 143.2 49.5
INVESTING ACTIVITIES    
Additions to property, plant and equipment (34.4) (28.7)
Proceeds from sale of a business and other assets 0.0 38.0
Investment in joint venture (0.5) 0.0
Other 10.4 (4.1)
Net cash provided by (used in) investing activities (24.5) 5.2
FINANCING ACTIVITIES    
Net borrowings under revolving credit agreements and other short-term notes 1.2 0.3
Borrowings of long-term debt 250.0 0.0
Payments on long-term debt (5.7) (26.2)
Payments of debt issuance costs (3.4) (0.1)
Cash dividends paid (17.7) (17.4)
Purchases of common stock for treasury (11.4) (51.5)
Purchases of shares under employee stock plans (4.7) (5.2)
Proceeds from the exercise of stock options 5.6 11.9
Excess tax benefits from stock-based compensation 0.4 0.0
Contributions from noncontrolling interests 2.2 0.8
Net cash provided by (used in) financing activities 216.5 (87.4)
Effect of foreign exchange rate changes 1.6 5.6
Increase (decrease) in cash and cash equivalents 336.8 (27.1)
Cash and cash equivalents at beginning of the year 194.1 369.8
Cash and cash equivalents at end of the period $ 530.9 $ 342.7