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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 27, 2021
Jun. 28, 2020
Statement of Cash Flows [Abstract]    
Net earnings (loss) $ 95.6 $ (100.8)
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation of plant and equipment 67.6 56.6
Amortization of intangibles 62.6 71.5
Asset impairments 0.0 40.9
Loss on assets held for sale 101.8 0.0
Program cost amortization 208.2 182.8
Deferred income taxes 43.6 (11.1)
Stock-based compensation 37.1 26.1
Other non-cash items 0.2 0.0
Change in operating assets and liabilities net of acquired balances:    
Decrease in accounts receivable 533.9 722.0
Increase in inventories (109.5) (125.4)
Decrease (increase) in prepaid expenses and other current assets 38.8 (40.2)
Program spend, net (308.3) (220.4)
Decrease in accounts payable and accrued liabilities (169.3) (344.4)
Change in net deemed repatriation tax (18.4) 0.0
Other (6.8) 0.6
Net cash provided by operating activities 577.1 258.2
Cash flows from investing activities:    
Additions to property, plant and equipment (63.1) (64.0)
Acquisitions, net of cash acquired 0.0 (4,403.9)
Other (3.2) 13.1
Net cash utilized by investing activities (66.3) (4,454.8)
Cash flows from financing activities:    
Proceeds from borrowings with maturity greater than three months 114.7 1,023.5
Repayments of borrowings with maturity greater than three months (635.0) (98.2)
Net repayments of other short-term borrowings (6.3) (4.5)
Stock-based compensation transactions 9.4 1.8
Dividends paid (187.5) (186.2)
Payments related to tax withholding for share-based compensation (9.5) (5.7)
Redemption of equity instruments 0.0 (47.4)
Other (4.2) (4.8)
Net cash (utilized) provided by financing activities (718.4) 678.5
Effect of exchange rate changes on cash 4.3 (24.4)
Net decrease in cash, cash equivalents and restricted cash (203.3) (3,542.5)
Net change due to cash classified as held for sale (18.2) 0.0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total (221.5) (3,542.5)
Cash, cash equivalents and restricted cash at beginning of year 1,449.7 4,580.4
Cash, cash equivalents and restricted cash at end of period 1,228.2 1,037.9
Cash paid during the period for:    
Interest 90.2 81.5
Income taxes $ 70.8 $ 30.4