XML 18 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements Of Cash Flows (unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Oct. 01, 2021
Cash flow from operating activities:    
Net income $ 364.1 $ 377.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 30.1 30.9
Amortization expense 97.9 105.1
Deferred income taxes (41.3) (8.9)
Stock-based compensation 93.2 95.1
Divestitures gain, net (103.1) (43.6)
Other, net 22.7 5.7
(Increase) decrease in assets:    
Accounts receivable, net 13.2 33.7
Inventories (99.5) (28.4)
Other current and non-current assets (31.7) (42.5)
Increase (decrease) in liabilities:    
Accounts payable (3.8) 50.8
Accrued compensation and benefits (52.9) 25.1
Deferred revenue 14.3 (8.4)
Other current and non-current liabilities (18.1) 3.1
Net cash provided by operating activities 285.1 595.2
Cash flow from investing activities:    
Acquisitions of businesses, net of cash acquired (318.1) (1.2)
Purchases of property and equipment (36.6) (31.4)
Net proceeds from divestitures 214.3 67.3
Net proceeds from sale of property and equipment 0.1 20.7
Other, net (11.9) (4.4)
Net cash (used in) provided by investing activities (152.2) 51.0
Cash flow from financing activities:    
Issuance of common stock, net of tax withholdings (4.8) 1.1
Repurchases of common stock (394.7) (140.0)
Proceeds from debt and revolving credit lines 529.3 198.9
Payments on debt and revolving credit lines (235.9) (421.7)
Other, net (8.9) (1.5)
Net cash used in financing activities (115.0) (363.2)
Effect of exchange rate changes on cash and cash equivalents (34.9) (7.5)
Net (decrease) increase in cash and cash equivalents (17.0) 275.5
Cash and cash equivalents - beginning of period 325.7 237.7
Cash and cash equivalents - end of period $ 308.7 $ 513.2