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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Apr. 01, 2023
Apr. 02, 2022
OPERATING ACTIVITIES    
Net (loss) earnings from continuing operations $ (187.8) $ 155.6
Net earnings from discontinued operations 0.0 19.8
Adjustments to reconcile net (loss) earnings to cash used in operating activities:    
Depreciation and amortization of property, plant and equipment 112.9 92.0
Amortization of intangibles 48.3 51.7
Loss on sales of businesses 7.6 0.0
Stock-based compensation expense 34.7 30.3
Changes in working capital (181.2) (1,336.1)
Changes in other assets and liabilities (120.8) (254.4)
Cash used in operating activities (286.3) (1,241.1)
INVESTING ACTIVITIES    
Capital and software expenditures (68.2) (139.8)
Proceeds from sales of assets 2.9 9.0
Business acquisitions, net of cash acquired 0.0 (36.5)
Net investment hedge settlements 0.0 4.7
Other 4.1 (0.8)
Cash used in investing activities (61.2) (163.4)
FINANCING ACTIVITIES    
Proceeds from debt issuances, net of fees 747.2 994.8
Stock purchase contract fees 0.0 (9.8)
Credit facility borrowings 0.0 2,250.0
Net short-term (repayments) borrowings (285.9)  
Net short-term (repayments) borrowings   594.8
Proceeds from issuances of common stock 3.1 13.7
Purchases of common stock for treasury (4.8) (2,313.0)
Craftsman contingent consideration (9.1)  
Termination of interest rate swaps 0.0 22.7
Cash dividends on common stock (119.8) (116.3)
Other (6.5) (1.7)
Cash provided by financing activities 324.2 1,425.4
Effect of exchange rate changes on cash, cash equivalents and restricted cash 9.1 4.8
Change in cash, cash equivalents and restricted cash (14.2) 25.7
Cash, cash equivalents and restricted cash, beginning of period 404.9 294.8
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 390.7 320.5
Supplemental Cash Flow Elements [Abstract]    
Cash and cash equivalents 387.6  
Restricted cash included in Other current assets 3.1  
Cash, cash equivalents and restricted cash 390.7 320.5
Craftsman    
FINANCING ACTIVITIES    
Craftsman contingent consideration $ (9.1) $ (9.8)