Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.5.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Oct. 01, 2016
Oct. 03, 2015
Cash flows from operating activities    
Net earnings $ 258.3 $ 250.7
Less: earnings from discontinued operations, net of tax 1.7 14.3
Net earnings from continuing operations 256.6 236.4
Depreciation and amortization 77.0 66.3
Pension funding, net of expense (61.7) (63.9)
Deferred income taxes 74.6 75.9
Excess tax benefits from share-based compensation (11.1) (6.6)
Equity in earnings of unconsolidated affiliates, net of dividends (3.2) (3.2)
Changes in certain current assets and current liabilities (66.5) (82.2)
Income taxes 7.1 15.3
Other, net 9.3 2.7
Net cash provided by operating activities of continuing operations 282.1 240.7
Net cash used for operating activities of discontinued operations (3.3) (13.4)
Net cash provided by operating activities 278.8 227.3
Cash flows from investing activities    
Capital expenditures (131.9) (98.5)
Purchases of marketable securities 0.0 (47.6)
Sales or maturities of marketable securities 10.7 98.3
Investments (9.8) (2.3)
Acquisition of businesses, net of cash acquired (269.5) (18.7)
Proceeds from the sale of property, plant and equipment 1.7 2.1
Other, net (1.3) 0.0
Net cash used for investing activities of continuing operations (377.9) (62.1)
Net cash provided by investing activities of discontinued operations 0.0 44.5
Net cash used for investing activities (377.9) (17.6)
Cash flows from financing activities    
Proceeds from Issuance of Long-term Debt 0.8 0.1
Payments of long-term debt including current maturities (0.3) (0.4)
Common stock repurchases (90.3) (100.0)
Cash dividends paid (40.7) (34.6)
Excess tax benefits from share-based compensation 11.1 6.6
Proceeds from share-based compensation activity 12.5 4.3
Tax withholding associated with shares issued for share-based compensation (18.4) (8.5)
Other, net (1.3) 0.0
Net cash used for financing activities of continuing operations (126.6) (132.5)
Net cash used for financing activities of discontinued operations 0.0 5.3
Net cash used for financing activities (126.6) (127.2)
Effect of exchange rate on cash and cash equivalents 5.6 (13.3)
Net increase (decrease) in cash and cash equivalents (220.1) 69.2
Cash and cash equivalents at beginning of period 657.3 552.7
Cash and cash equivalents at end of period $ 437.2 $ 621.9