Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Apr. 01, 2017
Cash Flows from Operating Activities    
Net Earnings $ 72.9 $ 64.9
Less: Loss from Discontinued Operations, Net of Tax (7.6) (9.3) [1]
Net Earnings from Continuing Operations 80.5 74.2
Depreciation and Amortization 27.8 23.6
Stock Compensation Expense 1.9 4.0
Pension Expense, Net of (Funding) 0.9 (33.6)
Deferred Income Taxes 20.5 13.3
Changes in Certain Current Assets and Current Liabilities (210.2) (146.6)
Long-Term Extended Warranty Contracts and Other Deferred Revenue 2.6 0.7
Income Taxes 34.5 2.6
Other, net (1.6) (4.5)
Net Cash Used for Operating Activities of Continuing Operations (43.1) (66.3)
Net Cash Used for Operating Activities of Discontinued Operations (24.0) (20.3)
Net Cash Used for Operating Activities (67.1) (86.6)
Cash Flows from Investing Activities    
Capital Expenditures (34.5) (56.6)
Sales or Maturities of Marketable Securities 0.0 35.0
Investments (4.8) (3.6)
Proceeds from the Sale of Property, Plant and Equipment 0.1 7.6
Other, net (0.2) (0.5)
Net Cash Used for Investing Activities of Continuing Operations (39.4) (18.1)
Net Cash Used for Investing Activities of Discontinued Operations (2.6) (4.2)
Net Cash Used for Investing Activities (42.0) (22.3)
Cash Flows from Financing Activities    
Payments of Long-Term Debt Including Current Maturities (0.1) (0.1)
Common Stock Repurchases (35.0) (20.0)
Cash Dividends Paid (16.6) (14.8)
Proceeds from Share-Based Compensation Activity 1.0 3.2
Tax Withholding Associated with Shares Issued for Share-Based Compensation (9.3) (11.4)
Net Cash Used for Financing Activities of Continuing Operations (60.0) (43.1)
Net Cash Used for Financing Activities of Discontinued Operations 0.0 (0.1)
Net Cash Used for Financing Activities (60.0) (43.2)
Effect of Exchange Rate Changes 4.3 3.0
Net Decrease in Cash and Cash Equivalents and Restricted Cash (164.8) (149.1)
Cash and Cash Equivalents and Restricted Cash at Beginning of Period 458.2 433.6
Cash and Cash Equivalents and Restricted Cash at End of Period 293.4 284.5
Less: Restricted Cash 9.4 11.2
Cash and Cash Equivalents at End of Period $ 284.0 $ 273.3
[1] (A) Loss from discontinued operations, net of tax includes restructuring, exit, integration and impairment charges, net of tax of $6.2 million for the three months ended April 1, 2017.