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Consolidated Condensed Statements of Cash Flow - USD ($)
$ in Millions
6 Months Ended
Jun. 29, 2019
Jun. 30, 2018
OPERATING ACTIVITIES    
Net earnings $ 80.8 $ 102.1
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 15.0 15.1
Deferred income taxes (1.2) 0.9
Stock-based compensation expense 10.2 14.2
Pension contribution 0.0 (20.7)
Pension and SERP expense 2.8 3.0
Cash payments related to restructuring costs (0.1) (4.3)
Environmental and other related costs, net of cash payments (3.5) (3.4)
Net loss on sale of assets 0.0 0.7
Other (9.3) 7.2
Changes in operating assets and liabilities:    
Accounts receivable (3.9) (28.6)
Inventories (81.1) (18.8)
Other operating assets 3.6 7.8
Accounts payable 10.2 13.0
Income taxes payable (0.3) 6.9
Other operating liabilities (19.3) (30.0)
Net cash provided by operating activities 3.9 65.1
INVESTING ACTIVITIES    
Business acquisition, net of cash acquired (15.1) 0.0
Additions to property, plant and equipment (18.3) (8.3)
Proceeds from sale of assets 0.0 1.7
Investment in joint ventures (8.5) 0.0
Other (0.5) (0.8)
Net cash used in investing activities (42.4) (7.4)
FINANCING ACTIVITIES    
Net borrowings under revolving credit agreements and other short-term notes 243.0 0.8
Payments on long-term debt (2.5) (122.6)
Payments of debt issuance costs (0.3) 0.0
Cash dividends paid (16.8) (13.4)
Purchases of common stock for treasury (207.4) (49.9)
Employee taxes paid under stock-based compensation plans (16.5) (8.0)
Proceeds from the exercise of stock options 5.8 16.4
Contributions from noncontrolling interests 5.7 0.0
Net cash provided by (used in) financing activities 11.0 (176.7)
Effect of foreign exchange rate changes 0.9 (7.1)
Decrease in cash and cash equivalents (26.6) (126.1)
Cash and cash equivalents at beginning of the year 143.1 481.0
Cash and cash equivalents at end of the quarter $ 116.5 $ 354.9