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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Jul. 02, 2022
Jul. 03, 2021
OPERATING ACTIVITIES        
Net earnings from continuing operations $ 78.7 $ 432.5 $ 234.3 $ 892.1
Net earnings from discontinued operations 9.0 26.0 28.8 53.2
Adjustments to reconcile net earnings to cash (used in) provided by operating activities:        
Depreciation and amortization of property, plant and equipment 91.9 91.9 183.9 185.4
Amortization of intangibles 51.5 50.5 103.2 101.0
(Gain) loss on sales of businesses (0.2) 2.6 (0.2) 3.6
Asset impairment charge 168.4 0.0 168.4 0.0
Share of net earnings of equity method investment 0.0 (4.4) 0.0 (6.2)
Changes in working capital (568.0) (196.4) (1,904.1) (916.8)
Changes in other assets and liabilities (275.2) 41.7 (499.3) (25.7)
Cash (used in) provided by operating activities (443.9) 444.4 (1,685.0) 286.6
INVESTING ACTIVITIES        
Capital and software expenditures (145.7) (105.1) (285.5) (193.4)
Proceeds from sales of assets 6.2 4.1 15.2 5.4
Business acquisitions, net of cash acquired (9.1) (1.3) (45.6) (1.5)
Purchases of investments (9.2) (4.0) (9.3) (11.0)
Net investment hedge settlements 4.2 0.0 8.9 (52.6)
Other (0.7) (2.5) (1.4) (3.6)
Cash used in investing activities (154.3) (108.8) (317.7) (256.7)
FINANCING ACTIVITIES        
Proceeds from debt issuances, net of fees (2.2)      
Proceeds from debt issuances, net of fees   0.0 992.6 0.0
Stock purchase contract fees (9.8) (9.8) (19.6) (19.6)
Net short-term borrowings 746.6 1.8 3,591.4 1.1
Proceeds from issuances of common stock 5.9 36.3 19.6 100.4
Purchases of common stock for treasury (1.1) (2.4) (2,314.1) (17.3)
Redemption of preferred stock for treasury 0.0 (750.0) 0.0 (750.0)
Craftsman contingent consideration     (21.1)  
Termination of interest rate swaps 0.0 0.0 22.7 0.0
Cash dividends on common stock (114.0) (111.6) (230.3) (221.7)
Cash dividends on preferred stock 0.0 (9.5) 0.0 (18.9)
Other (5.9) (1.2) (7.6) (8.4)
Cash provided by (used in) financing activities 608.2 (853.3) 2,033.6 (948.3)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (22.4) 8.5 (17.6) (30.4)
Change in cash, cash equivalents and restricted cash (12.4) (509.2) 13.3 (948.8)
Cash, cash equivalents and restricted cash, beginning of period 320.5 958.7 294.8 1,398.3
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 308.1 449.5 308.1 449.5
Supplemental Cash Flow Elements [Abstract]        
Cash and cash equivalents 282.3   282.3  
Restricted cash included in Other current assets 6.1   6.1  
Cash and cash equivalents included in Current assets held for sale 19.7   19.7  
Cash, cash equivalents and restricted cash 308.1 449.5 308.1 449.5
Craftsman        
FINANCING ACTIVITIES        
Craftsman contingent consideration $ (11.3) $ (6.9) $ (21.1) $ (13.9)