XML 13 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions
6 Months Ended
Jul. 02, 2011
Jul. 03, 2010
Cash flows from operating activities:    
Net income $ 59.8 $ 99.3
Less: Income (loss) from discontinued operations, net of tax 0.8 11.8
Income from continuing operations 59.0 87.5
Adjustments to reconcile income from continuing operations to net cash from operating activities:    
Special charges, net 12.0 11.2
Impairment of goodwill and other intangible assets 24.7  
Deferred and other income taxes (8.6) 11.7
Depreciation and amortization 58.7 55.9
Pension and other employee benefits 29.5 34.5
Stock-based compensation 26.7 20.1
Other, net 3.7 2.2
Changes in operating assets and liabilities, net of effects from acquisitions and divestitures:    
Accounts receivable and other assets (77.9) (138.8)
Inventories (81.4) 13.9
Accounts payable, accrued expenses, and other (18.1) (57.6)
Cash spending on restructuring actions (15.5) (17.2)
Net cash from continuing operations 12.8 23.4
Net cash used in discontinued operations (2.3) (2.9)
Net cash from operating activities 10.5 20.5
Cash flows used in investing activities:    
Proceeds from asset sales and other 0.2 2.1
Increase in restricted cash (3.4) (4.9)
Business acquisitions and other investments, net of cash acquired (52.4) (58.3)
Capital expenditures (46.9) (23.6)
Net cash used in continuing operations (102.5) (84.7)
Net cash from discontinued operations (includes net cash proceeds from dispositions of $7.4 for the six months ended July 3, 2010)   7.4
Net cash used in investing activities (102.5) (77.3)
Cash flows from (used in) financing activities:    
Borrowings under senior credit facilities 375.0 111.0
Repayments under senior credit facilities (340.0) (110.0)
Repayments of senior notes (49.5)  
Borrowings under trade receivables agreement 86.0 10.0
Repayments under trade receivables agreement (29.0) (11.0)
Net borrowings under other financing arrangements 5.8 0.1
Minimum withholdings paid on behalf of employees for net share settlements, net of proceeds from the exercise of employee stock options and other (0.9) (6.6)
Financing fees paid (11.2) (1.0)
Dividends paid (includes noncontrolling interest distributions of $2.9 and $0.3 for the six months ended July 2, 2011 and July 3, 2010, respectively) (28.1) (25.1)
Net cash from (used in) continuing operations 8.1 (32.6)
Net cash from (used in) financing activities 8.1 (32.6)
Change in cash and equivalents due to changes in foreign currency exchange rates 23.6 (25.4)
Net change in cash and equivalents (60.3) (114.8)
Consolidated cash and equivalents, beginning of period 455.4 522.9
Consolidated cash and equivalents, end of period $ 395.1 $ 408.1