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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 26, 2019
Sep. 27, 2018
Operating activities    
Net income $ 462.4 $ 439.4
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation expense 186.9 171.3
Amortization expense 0.1 0.4
Amortization of deferred financing fees 2.6 17.3
Accretion of customer supply agreement 3.3 3.0
Employee stock compensation expense 22.6 19.9
Loss on Derivative Instruments, Pretax 8.1 3.4
Gain from foreign currency transactions 17.2 0.8
Gain (Loss) on Disposition of Property Plant Equipment 0.7 1.7
Deferred taxes 29.4 (37.8)
Increase (Decrease) in Obligation, Pension and Other Postretirement Benefits (9.7) (25.1)
Grant liability amortization (13.8) (15.9)
Equity in net income of affiliate 0.0 (0.6)
Increase (Decrease) in Forward Provision (7.5) (134.0)
Changes in assets and liabilities    
Accounts receivable (167.8) (122.3)
Inventory, net (3.3) 26.7
Increase (Decrease) in Unbilled Receivables (67.5) (50.4)
Accounts payable and accrued liabilities 149.3 279.9
Profit sharing/deferred compensation (12.2) (67.4)
Advance payments 120.8 (73.2)
Income taxes receivable/payable 4.9 (28.3)
Increase (Decrease) in Billing in Excess of Cost of Earnings (16.7) 188.0
Deferred revenue and other deferred credits 6.2 (1.1)
Other 2.6 (28.3)
Net cash provided by operating activities 718.6 567.4
Investing activities    
Purchase of property, plant and equipment (118.8) (170.9)
Payments for (Proceeds from) Other Investing Activities 0.1 2.8
Net cash used in investing activities (118.7) (168.1)
Financing activities    
Proceeds from Lines of Credit 100.0 0.0
Proceeds from Issuance of Debt 250.0  
Proceeds from Issuance of Senior Long-term Debt   1,300.0
Principal payments of debt (8.5) (4.9)
Repayments of Debt (5.2) (256.3)
Repayments of Lines of Credit (100.0) 0.0
Early Repayment of Senior Debt 0.0 (300.0)
Payments Related to Tax Withholding for Share-based Compensation (12.1) (15.5)
Proceeds from Stock Plans 1.3 0.0
Debt issuance and financing costs 0.0 (23.2)
Payments for Repurchase of Common Stock (75.0) (805.8)
Payments of Dividends (37.8) (35.4)
Proceeds from (Payments for) Other Financing Activities 0.8 0.0
Net cash provided by (used in) financing activities 113.5 (141.1)
Effect of exchange rate changes on cash and cash equivalents (13.5) 0.2
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 699.9 258.4
Cash, cash equivalents, and restricted cash, beginning of period 794.1 445.5
Cash, cash equivalents, and restricted cash, end of period 1,477.3 683.4
Reconciliation of Cash, Cash Equivalents, and Restricted Cash [Abstract]    
Restricted Cash, Current 0.3 0.3
Restricted Cash, Noncurrent $ 16.4 $ 20.2