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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 28, 2019
Jun. 29, 2018
Operating activities:    
Net income $ 102.6 $ 66.9
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation 19.0 15.1
Amortization of intangible assets 17.6 19.0
Stock-based compensation 9.3 11.8
Deferred income taxes 0.4 (0.4)
Pension plan contributions (4.0) (4.3)
Pension plan expenses 3.1 2.2
Changes in current assets and liabilities, net 209.5 44.5
Other, net (1.7) 3.5
Net cash (used in) provided by operating activities (63.2) 69.3
Investing activities:    
Acquisitions of businesses, net of cash acquired 0.0 (149.9)
Capital expenditures, net (13.5) (24.5)
Other 0.0 4.1
Net cash used in investing activities (13.5) (170.3)
Financing activities:    
Proceeds from borrowings 2,331.2 1,138.8
Repayments of borrowings (2,285.2) (1,049.7)
Proceeds from stock options exercised 1.0 1.1
Other, net (1.0) 0.0
Net cash provided by financing activities 46.0 90.2
Decrease in cash and cash equivalents (30.7) (10.8)
Effect of exchange rate changes on cash balances 1.7 5.2
Cash and cash equivalents at beginning of period 81.0 116.0
Cash and cash equivalents at end of period $ 52.0 $ 110.4