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Consolidated Condensed Statements of Cash Flow - USD ($)
$ in Millions
9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
OPERATING ACTIVITIES    
Net earnings $ 32.6 $ 129.4
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 23.8 23.3
Deferred income taxes (12.8) 0.3
Stock-based compensation expense 21.5 17.3
Pension and SERP expense 6.4 4.2
Debt Related Commitment Fees and Debt Issuance Costs 0.2 0.0
Environmental and other related costs, net of cash payments 25.2 (3.7)
Other (0.6) (9.5)
Changes in operating assets and liabilities:    
Accounts receivable (1.7) 0.3
Inventories 21.6 (94.8)
Other operating assets 9.9 (1.2)
Accounts payable (9.2) (46.9)
Income taxes payable 15.1 9.3
Other operating liabilities 3.5 (12.0)
Net cash provided by operating activities 135.5 16.0
INVESTING ACTIVITIES    
Payments to Acquire Businesses, Net of Cash Acquired (5.5) (15.1)
Additions to property, plant and equipment (6.0) (28.7)
Proceeds from Sales of Assets, Investing Activities 0.1 0.1
Investment in joint ventures (3.5) (8.5)
Proceeds from Life Insurance Policy 25.6 0.0
Other (1.1) (1.2)
Net cash provided by (used in) investing activities 9.6 (53.4)
FINANCING ACTIVITIES    
Repayments of Lines of Credit (898.0) (249.0)
Proceeds from Lines of Credit 538.0 617.3
Proceeds from Issuance of Debt 471.0 0.0
Payments on long-term debt (28.5) (5.0)
Payments of debt issuance costs (6.4) (0.3)
Cash dividends paid (25.4) (25.4)
Purchases of common stock for treasury (21.0) (314.2)
Payment, Tax Withholding, Share-based Payment Arrangement (20.1) (16.7)
Proceeds from the exercise of stock options 4.0 7.0
Contributions from noncontrolling interests 1.8 5.7
Net cash provided by financing activities 15.4 19.4
Effect of foreign exchange rate changes 0.9 0.1
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 161.4 (17.9)
Cash and cash equivalents at beginning of the year 180.6 143.1
Cash and cash equivalents at end of the quarter $ 342.0 $ 125.2