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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Cash flows from operating activities:    
Net earnings including noncontrolling interests $ 105.0 $ 80.3
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Restructuring 4.3 6.2
Depreciation and amortization 154.2 169.9
Deferred income taxes (11.7) (28.7)
(Gain) loss on disposal of property, plant and equipment (0.5) 1.2
Stock-based compensation expense 6.8 5.0
Changes in operating assets and liabilities, net of effects of acquisitions:    
Receivables, net (140.5) (67.7)
Inventories (3.8) 113.8
Accounts payable and accrued expenses 84.8 (33.1)
Other assets and prepaid expenses (3.6) 4.3
Other liabilities (11.3) 6.1
Net cash provided by operating activities 183.7 257.3
Cash flows from investing activities:    
Additions to property, plant and equipment (86.8) (128.5)
Acquisitions, net of cash acquired 0.0 (519.4)
Purchases of short-term investments 0.0 (625.0)
Redemption of short-term investments 0.0 633.0
Net cash used in investing activities (86.8) (639.9)
Cash flows from financing activities:    
Payments on Senior Credit Facilities (88.3) 0.0
Proceeds from Senior Credit Facilities 21.8 357.4
Payments on commercial paper (1,807.4) (6,876.3)
Proceeds from commercial paper 2,722.2 6,989.3
Payments on Term Loan Facility (912.3) 0.0
Net payments of other financing activities (10.4) (18.3)
Change in outstanding checks in excess of cash (1.7) (1.1)
Net cash (used in) provided by financing activities (76.1) 451.0
Effect of exchange rate changes on cash and cash equivalents (4.9) (5.1)
Net change in cash and cash equivalents 15.9 63.3
Cash and cash equivalents, beginning of period 642.6 509.6
Cash and cash equivalents, end of period $ 658.5 $ 572.9