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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
OPERATING ACTIVITIES    
Net earnings from continuing operations $ 155.6 $ 459.6
Net earnings from discontinued operations 19.8 27.2
Adjustments to reconcile net earnings to cash used in operating activities:    
Depreciation and amortization of property, plant and equipment 92.0 93.5
Amortization of intangibles 51.7 50.5
Loss on sale of business 0.0 1.0
Share of net earnings of equity method investment 0.0 (1.8)
Changes in working capital (1,336.1) (720.4)
Changes in other assets and liabilities (224.1) (67.4)
Cash used in operating activities (1,241.1) (157.8)
INVESTING ACTIVITIES    
Capital and software expenditures (139.8) (88.3)
Proceeds from sales of assets 9.0 1.3
Business acquisitions, net of cash acquired (36.5) (0.2)
Purchases of investments (0.1) (7.0)
Net investment hedge settlements 4.7 (52.6)
Other (0.7) (1.1)
Cash used in investing activities (163.4) (147.9)
FINANCING ACTIVITIES    
Proceeds from debt issuances, net of fees 994.8 0.0
Stock purchase contract fees (9.8) (9.8)
Net short-term borrowings (repayments) 2,844.8 (0.7)
Proceeds from issuances of common stock 13.7 64.1
Purchases of common stock for treasury (2,313.0) (14.9)
Contingent consideration (9.8)  
Termination of interest rate swaps 22.7 0.0
Cash dividends on common stock (116.3) (110.1)
Cash dividends on preferred stock 0.0 (9.4)
Other (1.7) (7.2)
Cash provided by (used in) financing activities 1,425.4 (95.0)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 4.8 (38.9)
Change in cash, cash equivalents and restricted cash 25.7 (439.6)
Cash, cash equivalents and restricted cash, beginning of period 294.8 1,398.3
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 320.5 958.7
Craftsman    
FINANCING ACTIVITIES    
Contingent consideration $ (9.8) $ (7.0)