| In millions |
Year Ended
1/1/10 |
|
Year Ended
1/2/09 |
|
Year Ended
12/28/07 |
| Operating Activities |
|
|
|
|
|
| Net earnings (loss) |
$ 113.6 |
|
$ (930.1) |
|
$ 65.0 |
| Adjustments to reconcile net earnings (loss) to |
|
| net cash provided by operating activities: |
|
| Depreciation and amortization |
75.3 |
|
84.5 |
|
90.7 |
| Loss on disposal of property, plant and equipment |
0.8 |
|
1.7 |
|
2.0 |
| Goodwill impairment |
— |
|
988.3 |
|
— |
| Equity-based compensation |
20.7 |
|
26.4 |
|
32.1 |
| Deferred income taxes |
(9.2) |
|
(34.6) |
|
(2.7) |
| Excess tax benefits from equity-based compensation |
(0.3) |
|
(0.1) |
|
(2.1) |
| Restructuring and other charges |
11.7 |
|
40.9 |
|
5.8 |
| Other-than-temporary impairment charges on investments |
0.4 |
|
10.7 |
|
5.7 |
| Net changes in assets and liabilities, net of effects from acquisition: |
|
| Accounts receivable |
8.8 |
|
16.2 |
|
68.4 |
| Inventories |
56.4 |
|
(15.0) |
|
3.7 |
| Miscellaneous receivables and other current assets |
9.4 |
|
(18.5) |
|
2.5 |
| Other assets |
0.1 |
|
13.4 |
|
14.9 |
| Accounts payable |
(21.4) |
|
1.3 |
|
(40.0) |
| Restructuring and other charges |
(21.1) |
|
(25.1) |
|
(10.7) |
| Deferred revenue |
(3.7) |
|
4.6 |
|
(25.4) |
| Other accrued liabilities |
2.8 |
|
(13.0) |
|
(32.2) |
| Income taxes |
(10.9) |
|
(11.5) |
|
(29.3) |
| Other long-term liabilities |
1.0 |
|
(9.3) |
|
(15.0) |
| Net Cash Provided by Operating Activities |
234.4 |
|
130.8 |
|
133.4 |
| Investing Activities |
|
| Capital expenditures |
(45.9) |
|
(50.1) |
|
(57.7) |
| Proceeds on disposals of property, plant and equipment |
1.0 |
|
0.3 |
|
0.1 |
| Payments for purchases of investments |
(1,112.2) |
|
(1,661.7) |
|
(1,240.4) |
| Proceeds from sales and maturities of investments |
941.5 |
|
1,896.9 |
|
1,380.9 |
| Payments for acquisition, net of cash acquired |
(164.7) |
|
— |
|
— |
| Net Cash (Used for) Provided by Investing Activities |
(380.3) |
|
185.4 |
|
82.9 |
| Financing Activities |
|
| Proceeds from issuance of common stock under stock plans |
1.7 |
|
0.8 |
|
31.4 |
| Repurchase of common stock |
(85.5) |
|
(155.7) |
|
(198.0) |
| Excess tax benefits from equity-based compensation |
0.3 |
|
0.1 |
|
2.1 |
| Net Cash Used for Financing Activities |
(83.5) |
|
(154.8) |
|
(164.5) |
| Effect of Exchange Rate Changes on Cash |
7.3 |
|
1.7 |
|
7.6 |
| Net (Decrease) Increase in Cash and Cash Equivalents |
(222.1) |
|
163.1 |
|
59.4 |
| Cash and Cash Equivalents at Beginning of Year |
376.1 |
|
213.0 |
|
153.6 |
| Cash and Cash Equivalents at End of Year |
$ 154.0 |
|
$ 376.1 |
|
$ 213.0 |
| Other Information |
|
| Interest paid |
$ 1.5 |
|
$ 2.0 |
|
$ 3.0 |
| Income taxes paid |
$ 12.7 |
|
$ 35.7 |
|
$ 35.0 |
| |
| The accompanying notes are an integral part of these statements. |
| |
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