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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Apr. 30, 2023
May 01, 2022
OPERATING ACTIVITIES    
Net income $ 136.0 $ 133.1
Adjustments to reconcile to net cash (used) provided by operating activities:    
Depreciation and amortization 72.3 76.8
Equity in net income of unconsolidated affiliates (11.9) (7.4)
Deferred taxes (3.0) (0.9)
Stock-based compensation expense 13.1 10.1
Changes in operating assets and liabilities:    
Trade receivables, net 13.4 (109.4)
Other receivables 4.2 (21.2)
Inventories, net 76.2 (78.1)
Accounts payable, accrued expenses and deferred revenue (315.0) (271.4)
Prepaid expenses (44.3) (36.7)
Other, net (16.4) 1.7
Net cash (used) provided by operating activities (75.4) (303.4)
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (57.9) (52.4)
Purchases of investments held in rabbi trust (1.9) (5.1)
Proceeds from investments held in rabbi trust 0.2 0.4
Net cash (used) provided by investing activities (59.6) (57.1)
FINANCING ACTIVITIES    
Net (payments on) proceeds from short-term borrowings (27.8) 6.4
Repayment of 2022 facilities (3.0) 0.0
Repayment of 2019 facilities 0.0 (6.9)
Net proceeds from settlement of awards under stock plans 0.1 0.1
Cash dividends (2.4) (2.6)
Acquisition of treasury shares (4.6) (108.0)
Payments of finance lease liabilities (1.2) (1.0)
Net cash used by financing activities (38.9) (112.0)
Effect of exchange rate on cash and cash equivalents (3.0) (21.3)
Decrease in cash and cash equivalents (176.9) (493.8)
Cash and cash equivalents at beginning of period 550.7 1,242.5
Cash and cash equivalents at end of period $ 373.8 $ 748.7