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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Oct. 01, 2017
OPERATING ACTIVITIES    
Net income $ 95.7 $ 75.4
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 21.5 21.9
Amortization of intangibles 15.2 16.8
Loss on disposal and impairment of intangibles, property, plant and equipment and other (0.1) 1.0
Stock-based compensation 10.0 10.2
Deferred income tax (4.0) 1.8
Changes in operating assets and liabilities, net of effects from business acquisitions and divestures:    
Accounts receivable (17.4) (21.9)
Inventories (35.4) (10.1)
Prepaid expenses and other assets (4.9) 11.1
Accounts payable, accrued expenses and other liabilities (14.0) (32.8)
Net cash provided by operating activities 66.6 73.4
INVESTING ACTIVITIES    
Additions to property, plant and equipment (24.1) (17.1)
Proceeds from the sale of property, plant and equipment 0.1 0.4
Net proceeds from the sale of asset, and other 0.2 3.1
Business acquisitions, net of cash acquired (2.2) 0.1
Net cash used in investing activities (26.0) (13.5)
FINANCING ACTIVITIES    
Proceeds from long-term borrowings 50.0 20.0
Payments of long-term debt (168.9) (151.8)
Payment of capital leases and other (6.4) (4.6)
Proceeds from share transactions under employee stock plans 2.1 1.0
Payments to repurchase common stock (15.5) (13.6)
Dividends (21.1) (19.4)
Net cash used in financing activities (159.8) (168.4)
Effect of exchange rate changes on cash and cash equivalents (4.2) 16.7
DECREASE IN CASH AND CASH EQUIVALENTS (123.4) (91.8)
Cash and cash equivalents at beginning of year 280.2 338.4
CASH AND CASH EQUIVALENTS AT END OF PERIOD 156.8 246.6
Acquisition of businesses:    
Fair value of assets acquired 4.1  
Cash paid, net of cash acquired 1.7  
Liabilities assumed 2.4  
Issuance of stock under management stock purchase plan 1.5 1.0
CASH PAID FOR:    
Interest 13.6 12.8
Income taxes $ 49.5 $ 29.5