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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Oct. 03, 2021
Sep. 27, 2020
Operating Activities:    
Consolidated net income $ 126.4 $ 83.8
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 71.0 70.2
Non-cash pension settlement charge 3.0 5.4
Reduction of right of use asset 9.2 9.3
Asset impairment charges 0.7 7.1
Other non-cash items 10.2 1.1
Pension plan funding (7.6) (6.9)
Net changes in operating assets and liabilities (49.8) (21.6)
Net cash provided by operating activities 163.1 148.4
Investing Activities:    
Purchases of property, plant and equipment, net (63.0) (45.8)
Cash paid for acquisitions, net of cash acquired (186.9) (9.2)
Proceeds from sale of assets 0.4 0.0
Proceeds from sale of short-term investments 7.8 3.6
Purchases of short-term investments (5.2) (6.0)
Other investing activities 2.2 0.0
Net cash used in investing activities (244.7) (57.4)
Financing Activities:    
Long-term debt issuance 0.0 400.0
Deferred financing costs 0.0 (6.4)
Repayment of long-term debt (1.0) (209.8)
Proceeds from issuance of short-term debt 100.5 0.0
Repayment of short-term debt 0.0 (101.2)
Purchase of common stock for treasury (62.9) (25.6)
Proceeds from issuance of stock under option plan 10.6 0.7
Excess tax benefits related to stock incentive programs (2.8) (2.0)
Dividends paid to non-controlling interests (1.6) (0.5)
Capital contribution from non-controlling interests 0.0 1.7
Cash dividends paid (5.1) (5.1)
Net cash used in financing activities 37.7 51.8
Effect of exchange rate changes on cash and cash equivalents (13.9) (5.4)
Net increase (decrease) in cash and cash equivalents (57.8) 137.4
Cash and cash equivalents at beginning of period 367.7 [1] 241.6
Cash and cash equivalents at end of period 309.9 [2] 379.0
Supplemental disclosure of cash flow information:    
Interest paid 32.4 24.0
Income taxes paid 34.0 25.4
Non-cash financing activities:    
Treasury stock purchases settled after period end $ 0.6 $ 0.4
[1] Condensed from audited financial statements
[2] Unaudited