XML 39 R6.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 27, 2015
Sep. 28, 2014
Operating Activities:    
Consolidated net income $ 93.9 $ 73.5
Income from discontinued operations 0.0 2.0
Income from continuing operations 93.9 71.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 77.3 59.8
Impairment of assets 21.1 0.0
Other non-cash items 8.2 12.5
Net changes in operating assets and liabilities (5.8) 50.5
Net cash provided by continuing operations 194.7 194.3
Net cash used in discontinued operations 0.0 (3.5)
Net cash provided by operating activities 194.7 190.8
Investing Activities:    
Purchases of property, plant and equipment (70.5) (62.4)
Acquisition of business, net of cash acquired 0.0 (1,802.3)
Proceeds from sale of assets 4.9 8.7
Proceeds from sale of short-term investments 0.6 0.0
Purchases of short-term investments (4.7) (1.8)
Net cash used in investing activities (69.7) (1,857.8)
Financing Activities:    
Proceeds from issuance of long-term debt 10.2 1,545.3
Debt issuance and settlement costs 0.0 (38.2)
Repayment of long-term debt (140.4) (113.2)
Net issuance (repayment) of short-term debt 1.0 (0.8)
Proceeds from issuance of stock under option plan 1.3 2.8
Excess tax benefits related to stock incentive programs 0.3 0.5
Purchase of non-controlling interest share 0.0 (2.1)
Dividends paid to non-controlling interest (0.9) (3.3)
Cash dividends paid (5.2) (5.2)
Net cash provided by (used in) financing activities (133.7) 1,385.8
Effect of exchange rate changes on cash and cash equivalents (16.0) (6.4)
Net decrease in cash and cash equivalents (24.7) (287.6)
Cash and cash equivalents at beginning of period 249.6 [1] 490.3
Cash and cash equivalents at end of period 224.9 [2] 202.7
Supplemental disclosure of cash flow information:    
Interest paid 45.9 18.6
Income taxes paid $ 29.9 $ 17.0
[1] Condensed from audited financial statements
[2] Unaudited