CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions |
3 Months Ended |
Mar. 28, 2020 |
Mar. 30, 2019 |
| Cash flows from (used in) operating activities: |
|
|
| Net income (loss) |
$ (5.2)
|
$ 20.1
|
| Less: Income (loss) from discontinued operations, net of tax |
(5.1)
|
5.1
|
| Income (loss) from continuing operations |
(0.1)
|
15.0
|
| Adjustments to reconcile income (loss) from continuing operations to net cash from (used in) operating activities: |
|
|
| Restructuring and other related charges |
2.6
|
5.0
|
| Asset impairment charges |
1.9
|
0.0
|
| Deferred income taxes |
0.0
|
5.3
|
| Depreciation and amortization |
9.8
|
9.6
|
| Stock-based compensation |
3.2
|
2.9
|
| Pension and other employee benefits |
0.4
|
0.4
|
| Loss on asset sales and other, net |
0.5
|
0.1
|
| Gain on change in fair value of investment in equity security |
0.0
|
(6.2)
|
| Changes in operating assets and liabilities, net of effects from discontinued operations: |
|
|
| Accounts receivable and other assets |
17.3
|
14.9
|
| Contract assets and liabilities, net |
(1.7)
|
(3.9)
|
| Inventories |
(15.2)
|
(9.6)
|
| Accounts payable, accrued expenses and other |
(48.6)
|
(22.4)
|
| Cash spending on restructuring actions |
(2.3)
|
(0.4)
|
| Net cash from (used in) continuing operations |
(32.2)
|
10.7
|
| Net cash from (used in) discontinued operations |
(0.5)
|
11.1
|
| Net cash from (used in) operating activities |
(32.7)
|
21.8
|
| Cash flows used in investing activity - |
|
|
| Capital expenditures |
(4.7)
|
(5.3)
|
| Net cash used in continuing operations |
(4.7)
|
(5.3)
|
| Net cash used in discontinued operations |
(5.5)
|
(1.6)
|
| Net cash used in investing activity |
(10.2)
|
(6.9)
|
| Cash flows used in financing activities: |
|
|
| Borrowings under former senior credit facilities |
0.0
|
22.0
|
| Repayments of former senior credit facilities |
0.0
|
(27.0)
|
| Borrowings under former trade receivables financing arrangement |
0.0
|
42.0
|
| Repayments of former trade receivables financing arrangement |
0.0
|
(42.0)
|
| Repayments of purchase card program, net |
(7.7)
|
(0.9)
|
| Repayments of other financing arrangements |
(0.2)
|
(1.1)
|
| Minimum withholdings paid on behalf of employees for net share settlements, net |
(6.4)
|
(5.1)
|
| Dividends paid to noncontrolling interests in subsidiary |
(1.2)
|
0.0
|
| Net cash used in continuing operations |
(15.5)
|
(12.1)
|
| Net cash used in discontinued operations |
(0.3)
|
(0.1)
|
| Net cash used in financing activities |
(15.8)
|
(12.2)
|
| Change in cash, cash equivalents and restricted cash due to changes in foreign currency exchange rates |
(0.9)
|
(13.8)
|
| Net change in cash, cash equivalents and restricted cash |
(59.6)
|
(11.1)
|
| Consolidated cash, cash equivalents and restricted cash, beginning of period |
303.4
|
214.3
|
| Consolidated cash, cash equivalents and restricted cash, end of period |
$ 243.8
|
$ 203.2
|