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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Cash flows from operating activities    
Net income $ 57.5 $ 668.7
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 163.2 167.4
Non-cash currency transaction loss (gain) on debt and hedging instruments 18.4 (29.2)
Other net non-cash financing (income) expenses (9.7) 31.2
Share-based compensation expense 13.5 10.5
Decrease in post-employment benefit obligations, net (8.1) (6.4)
Deferred income taxes (40.3) (635.6)
Asset impairments 6.5 0.7
Other operating activities 6.9 2.7
Changes in operating assets and liabilities, net of effects of acquisitions:    
—Increase in accounts receivable (24.5) (4.0)
—(Increase) decrease in inventories (19.0) 25.2
—Decrease in accounts payable (33.4) (90.4)
—Decrease (increase) in prepaid expenses and other assets 2.7 (29.8)
—(Decrease) increase in taxes payable (44.4) 48.2
—Increase (decrease) in other liabilities 38.2 (14.0)
Net cash provided by operations 127.5 145.2
Cash flows from investing activities    
Purchases of property, plant and equipment (39.0) (50.5)
Purchases of intangible assets (6.6) (8.0)
Purchases of investments 0.0 (11.7)
Cash paid under corporate-owned life insurance policies (9.8) (9.5)
Cash received under corporate-owned life insurance policies 1.5 9.8
Other investing activities 0.3 0.3
Net cash used in investing activities (53.6) (69.6)
Cash flows from financing activities    
Issuance of shares 2.8 1.7
Payments of long-term debt (18.6) (18.9)
Debt issuance costs paid (0.3) 0.0
Dividends paid to non-controlling interests (13.5) (24.5)
Other financing activities (2.1) 1.6
Net cash used in financing activities (31.7) (40.1)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (4.1) (2.8)
Net increase in cash and cash equivalents and restricted cash 38.1 32.7
Cash and cash equivalents and restricted cash at the beginning of the period 636.6 424.6
Cash and cash equivalents and restricted cash at the end of the period 674.7 457.3
Supplemental schedule of cash flow information    
Interest paid 96.8 112.5
Income taxes paid, net 37.3 90.4
Accrued capital expenditures $ 1.1 $ 1.6