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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Apr. 03, 2020
Mar. 29, 2019
Operating activities:    
Net income $ 35.7 $ 39.1
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 8.5 9.3
Amortization of intangible assets 8.6 8.8
Stock-based compensation 4.6 4.1
Deferred income taxes 0.5 0.1
Pension plan contributions (2.5) (2.1)
Pension plan expenses 1.3 1.4
Changes in current assets and liabilities, net (115.1) (175.8)
Other, net 7.5 0.9
Net cash used in operating activities (50.9) (114.2)
Investing activities:    
Capital expenditures, net (6.9) (5.9)
Net cash used in investing activities (6.9) (5.9)
Financing activities:    
Proceeds from borrowings 648.7 1,241.5
Repayments of borrowings (393.6) (1,127.4)
Proceeds from stock options exercised 0.0 1.0
Other, net (0.6) (0.2)
Net cash provided by financing activities 254.5 114.9
Increase (decrease) in cash and cash equivalents 196.7 (5.2)
Effect of exchange rate changes on cash balances 5.7 1.2
Cash and cash equivalents at beginning of period 79.6 81.0
Cash and cash equivalents at end of period $ 282.0 $ 77.0