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Consolidated Condensed Statements of Cash Flow - USD ($)
$ in Millions
9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
OPERATING ACTIVITIES    
Net earnings $ 171.7 $ 82.0
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 25.2 23.1
Deferred income taxes 2.5 (3.9)
Stock-based compensation expense 26.4 30.0
Pension and SERP expense 7.0 10.5
Debt Related Commitment Fees and Debt Issuance Costs 0.0 5.6
Environmental and other related costs, net of cash payments (35.8) (8.5)
Gain (Loss) on Disposition of Intangible Assets (90.0) 0.0
Other (4.9) (3.5)
Changes in operating assets and liabilities:    
Accounts receivable (133.5) (90.3)
Inventories (533.5) (124.6)
Other operating assets (15.1) 7.7
Accounts payable 109.2 68.4
Income taxes payable 5.7 5.7
Other operating liabilities (25.1) 14.8
Net cash provided by (used in) operating activities (490.2) 17.0
INVESTING ACTIVITIES    
Payments to Acquire Businesses, Net of Cash Acquired 0.0 (417.8)
Additions to property, plant and equipment (23.5) (10.0)
Payments to Acquire Equity Method Investments (2.8) 0.0
Proceeds from sale of trademarks 90.0 0.0
Other 4.5 (1.9)
Net cash provided by (used in) investing activities 68.2 (429.7)
FINANCING ACTIVITIES    
Repayments of Lines of Credit (153.0) (40.0)
Proceeds from Lines of Credit 668.0 350.0
Proceeds from Issuance of Debt 0.0 550.0
Payments on long-term debt (7.5) (557.5)
Payments of Debt Issuance Costs 0.0 (7.4)
Cash dividends paid (24.7) (25.2)
Purchases of common stock for treasury (81.3) (26.9)
Payment, Tax Withholding, Share-based Payment Arrangement (7.4) (13.7)
Proceeds from the exercise of stock options 1.4 15.6
Contributions from noncontrolling interests 7.0 4.8
Net cash provided by financing activities 402.5 249.7
Effect of foreign exchange rate changes (5.8) (0.8)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (25.3) (163.8)
Cash and cash equivalents at beginning of the year 161.7 347.4
Cash and cash equivalents at end of the quarter $ 136.4 $ 183.6