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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Operating Activities    
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $ 100.0 $ 74.8
Adjustments to income from continuing operations:    
Depreciation and amortization 26.7 27.3
Equity-based compensation 4.7 3.7
Other non-cash charges, net 7.5 10.2
Changes in assets and liabilities:    
Change in receivables (34.7) (70.7)
Change in inventories (29.1) (48.4)
Change in contract assets (2.0) (1.7)
Change in contract liabilities 2.9 11.8
Change in accounts payable 1.8 48.6
Change in accrued expenses (10.8) (42.5)
Change in income taxes 3.7 10.1
Other, net (12.6) (25.9)
Net Cash – Operating Activities 58.1 (2.7)
Investing Activities    
Capital expenditures (28.7) (30.0)
Other, net 0.2 0.6
Net Cash – Investing Activities (28.5) (29.4)
Financing Activities    
Commercial paper, net borrowings (72.8) 290.7
Share repurchases under repurchase plan (30.0) (163.9)
Payments for taxes related to net share settlement of stock incentive plans (6.3) (8.4)
Dividends paid (24.2) (22.4)
Other, net 0.4 0.6
Net Cash – Financing Activities (132.9) 96.6
Exchange rate effects on cash and cash equivalents 4.3 (1.5)
Net cash – operating activities of discontinued operations (0.1) (0.1)
Net change in cash and cash equivalents (99.1) 62.9
Restricted Cash 0.8 0.8
Cash and cash equivalents – beginning of year (includes restricted cash of $0.7 and $0.8, respectively) 561.9 648.3
Cash and Cash Equivalents – End of Period (includes restricted cash of $0.8 and $0.8, respectively) 462.8 711.2
Cash paid during the year for:    
Interest 4.2 0.5
Income taxes, net of refunds received $ 13.2 $ 8.5