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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Cash flows from (used in) operating activities:    
Net income $ 49.8 $ 18.4
Less: Loss from discontinued operations, net of tax (1.3) (1.6)
Income from continuing operations 51.1 20.0
Adjustments to reconcile income from continuing operations to net cash from operating activities:    
Special charges, net 1.7 1.4
Gain on change in fair value of equity security (5.3) (7.9)
Deferred and other income taxes 11.0 4.4
Depreciation and amortization 18.5 16.6
Pension and other employee benefits 3.6 5.1
Long-term incentive compensation 6.8 6.8
Other, net 2.4 0.6
Changes in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable and other assets 48.8 71.0
Inventories (28.1) (18.0)
Accounts payable, accrued expenses and other (78.9) (69.8)
Cash spending on restructuring actions (1.8) (2.2)
Net cash from continuing operations 29.8 28.0
Net cash used in discontinued operations (3.5) (1.5)
Net cash from operating activities 26.3 26.5
Cash flows from (used in) investing activities:    
Proceeds from company-owned life insurance policies, net 1.1 2.4
Business acquisition, net of cash acquired 0.0 (77.2)
Net proceeds from sales of assets 0.0 5.5
Capital expenditures (9.4) (6.2)
Net cash used in continuing operations (8.3) (75.5)
Net cash from discontinued operations 0.0 0.0
Net cash used in investing activities (8.3) (75.5)
Cash flows from (used in) financing activities:    
Borrowings under senior credit facilities 178.7 101.6
Repayments under senior credit facilities (88.7) (86.8)
Borrowings under trade receivables financing arrangement 65.0 45.0
Repayments under trade receivables financing arrangement (30.0) (44.0)
Net borrowings (repayments) under other financing arrangements (1.4) 2.7
Payment of contingent consideration (1.5) 0.0
Minimum withholdings paid on behalf of employees for net share settlements, net of proceeds from the exercise of employee stock options (2.3) (4.8)
Net cash from continuing operations 119.8 13.7
Net cash from discontinued operations 0.0 0.0
Net cash from financing activities 119.8 13.7
Change in cash and equivalents due to changes in foreign currency exchange rates (2.3) 1.1
Net change in cash and equivalents 135.5 (34.2)
Consolidated cash and equivalents, beginning of period 54.7 68.8
Consolidated cash and equivalents, end of period $ 190.2 $ 34.6