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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Operating Activities    
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $ 208.2 $ 150.6
Adjustments to income from continuing operations:    
Depreciation and amortization 53.8 55.3
Equity-based compensation 10.1 8.7
Gain (Loss) on Disposition of Business (7.2) 0.0
Other non-cash charges, net 16.6 17.3
Changes in assets and liabilities:    
Change in receivables (58.6) (77.6)
Change in inventories (31.4) (106.5)
Change in contract assets (2.9) (10.9)
Change in contract liabilities 12.0 18.7
Change in accounts payable 8.9 65.3
Change in accrued expenses 15.5 (33.0)
Change in income taxes (8.1) (3.5)
Other, net (19.1) (30.2)
Net Cash – Operating Activities 197.8 54.2
Investing Activities    
Capital expenditures (46.3) (47.5)
Proceeds from Sales of Business, Affiliate and Productive Assets 10.5 0.0
Acquisitions, net of cash acquired (79.3) (146.9)
Payments to acquire interest in unconsolidated subsidiaries (1.4) (25.1)
Other, net (3.3) 1.1
Net Cash – Investing Activities (119.8) (218.4)
Financing Activities    
Commercial paper, net borrowings (61.0) 364.6
Share repurchases under repurchase plan (60.0) (240.9)
Payments for taxes related to net share settlement of stock incentive plans (6.4) (8.5)
Dividends paid (48.1) (44.3)
Other, net (0.8) (0.4)
Net Cash – Financing Activities (176.3) 70.5
Exchange rate effects on cash and cash equivalents (0.4) (28.1)
Net cash – operating activities of discontinued operations (0.2) 0.0
Net change in cash and cash equivalents (98.9) (121.8)
Restricted Cash 0.9 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 $0.9 and $0.8, respectively) 463.0 526.5
Cash paid during the year for:    
Interest 8.5 2.6
Income taxes, net of refunds received $ 52.8 $ 45.2