CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions |
9 Months Ended |
Oct. 02, 2016 |
Sep. 27, 2015 |
| Operating Activities: |
|
|
|
| Consolidated net income |
$ 99.6
|
|
$ 93.9
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
| Depreciation, depletion and amortization |
66.6
|
|
77.3
|
| Impairment of assets |
18.5
|
|
21.1
|
| Other non-cash items |
8.2
|
|
8.2
|
| Net changes in operating assets and liabilities |
(28.7)
|
|
(5.8)
|
| Net cash provided by operating activities |
164.2
|
|
194.7
|
| Investing Activities: |
|
|
|
| Purchases of property, plant and equipment |
(48.9)
|
|
(70.5)
|
| Proceeds from sale of assets |
2.9
|
|
4.9
|
| Proceeds from sale of short-term investments |
4.9
|
|
0.6
|
| Purchases of short-term investments |
(6.6)
|
|
(4.7)
|
| Net cash used in investing activities |
(47.7)
|
|
(69.7)
|
| Financing Activities: |
|
|
|
| Proceeds from issuance of long-term debt |
1.2
|
|
10.2
|
| Repayment of long-term debt |
(141.2)
|
|
(140.4)
|
| Net issuance (repayment) of short-term debt |
(0.1)
|
|
1.0
|
| Purchase of common shares for treasury |
(2.6)
|
|
0.0
|
| Proceeds from issuance of stock under option plan |
4.1
|
|
1.3
|
| Excess tax benefits related to stock incentive programs |
0.0
|
|
0.3
|
| Dividends paid to non-controlling interest |
(1.5)
|
|
(0.9)
|
| Cash dividends paid |
(5.3)
|
|
(5.2)
|
| Net cash used in financing activities |
(145.4)
|
|
(133.7)
|
| Effect of exchange rate changes on cash and cash equivalents |
(0.8)
|
|
(16.0)
|
| Net decrease in cash and cash equivalents |
(29.7)
|
|
(24.7)
|
| Cash and cash equivalents at beginning of period |
229.4
|
[1] |
249.6
|
| Cash and cash equivalents at end of period |
199.7
|
[2] |
224.9
|
| Supplemental disclosure of cash flow information: |
|
|
|
| Interest paid |
45.6
|
|
45.9
|
| Income taxes paid |
$ 24.1
|
|
$ 29.9
|
|
|