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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Oct. 02, 2021
Sep. 26, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 219.3 $ 142.3
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities (Net of Acquisitions and Divestitures):    
Depreciation and Amortization 92.8 98.8
Asset Impairments 5.1 4.3
Noncash Lease Expense 18.3 18.3
(Gain) /Loss on Sale or Disposition of Assets, Net (1.1) 2.7
Share-Based Compensation Expense 11.5 8.2
Financing Fees Amortization 12.5 1.1
Early Debt Extinguishment Charge 12.7 0.0
Gain on Divestiture of Businesses 0.0 (0.1)
Change in Operating Assets and Liabilities (113.0) 34.3
Net Cash Provided by Operating Activities 258.1 309.9
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to Property, Plant and Equipment (37.5) (29.7)
Proceeds Received from Sales of Property, Plant and Equipment 4.1 7.6
Business Acquisitions, Net of Cash Acquired (4.1) 0.0
Proceeds from Divestiture of Businesses 0.0 0.3
Net Cash Used in Investing Activities (37.5) (21.8)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings Under Revolving Credit Facility 433.7 898.1
Repayments Under Revolving Credit Facility (405.9) (915.8)
Proceeds from Short-Term Borrowings 10.2 2.3
Repayments of Short-Term Borrowings (10.1) (2.3)
Proceeds from Long-Term Borrowings 0.0 0.1
Repayments of Long-Term Borrowings (450.3) (50.2)
Dividends Paid to Shareholders (37.8) (36.5)
Shares Surrendered for Taxes (6.5) (3.3)
Proceeds from the Exercise of Stock Options 0.1 0.2
Early Debt Extinguishment Payments (12.7) 0.0
Repurchase of Common Stock 0.0 (25.0)
Distributions to Noncontrolling Interests (4.5) (2.8)
Financing Fees Paid (17.0) 0.0
Net Cash Used in Financing Activities (500.8) (135.2)
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS (2.5) 3.2
Net Increase in Cash and Cash Equivalents (282.7) 156.1
Cash and Cash Equivalents at Beginning of Period 611.3 331.4
Cash and Cash Equivalents at End of Period 328.6 487.5
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest 29.8 36.2
Income taxes $ 70.2 $ 20.4