Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
 9 Months Ended
Sep. 27, 2014
Sep. 28, 2013
Cash flows from operating activities    
Net earnings $ 250.0 $ 188.0
Less: net earnings from discontinued operations, net of tax 52.8 9.9
Net earnings from continuing operations 197.2 178.1
Depreciation and amortization 58.4 52.7
Pension funding, net of expense (61.5) (11.9)
Gain on sale of property, plant and equipment, net 0 (6.0)
Other long-lived asset impairment charges 0.2 3.4
Deferred income taxes 66.8 (5.1)
Excess tax benefit from share-based compensation (6.4) (14.9)
Loss on early extinguishment of debt 0 32.7
Changes in certain current assets and current liabilities, excluding acquisitions (150.6) (116.8)
Income taxes 12.7 11.3
Other, net 5.9 17.0
Net cash provided by operating activities of continuing operations 122.7 140.5
Net cash provided by (used for) operating activities of discontinued operations 1.2 (16.3)
Net cash provided by operating activities 123.9 124.2
Cash flows from investing activities    
Capital expenditures (79.6) (79.3)
Purchases of marketable securities 0 (21.6)
Sales or maturities of marketable securities 11.9 143.1
Transfers to restricted cash (12.1) 0
Investments (1.0) (0.3)
Acquisition of businesses, net of cash acquired (41.8) 0
Proceeds from the sale of property, plant and equipment 5.6 7.4
Net cash (used for) provided by investing activities of continuing operations (117.0) 49.3
Net cash provided by (used for) investing activities of discontinued operations 260.3 (3.2)
Net cash provided by investing activities 143.3 46.1
Cash flows from financing activities    
Net payments of short-term debt 0 (1.7)
Net proceeds from issuances of long-term debt 0 146.6
Payments of long-term debt including current maturities (1.4) (258.5)
Net premium paid on early extinguishment of debt 0 (24.6)
Cash dividends paid (30.2) 0
Excess tax benefit from share-based compensation 6.4 14.9
Proceeds from stock compensation activity, net of withholdings (0.3) (5.2)
Other, net (2.2) 0
Net cash used for financing activities of continuing operations (27.7) (128.5)
Net cash used for financing activities of discontinued operations 0 0
Net cash used for financing activities (27.7) (128.5)
Net increase in cash and cash equivalents 239.5 41.8
Cash and cash equivalents at beginning of period 356.5 284.3
Cash and cash equivalents at end of period $ 596.0 $ 326.1