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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Jul. 01, 2023
Jul. 02, 2022
OPERATING ACTIVITIES        
Net earnings (loss) from continuing operations $ 177.5 $ 78.7 $ (10.3) $ 234.3
Net (loss) earnings from discontinued operations (0.5) 9.0 (0.5) 28.8
Adjustments to reconcile net earnings (loss) to cash provided by (used in) operating activities:        
Depreciation and amortization of property, plant and equipment 116.1 91.9 229.0 183.9
Amortization of intangibles 48.3 51.5 96.6 103.2
(Gain) loss on sales of businesses 0.0 (0.2) 7.6 (0.2)
Loss on sale of discontinued operations 0.8 0.0 0.8 0.0
Asset impairment charge 0.0 168.4 0.0 168.4
Stock-based compensation expense 12.1 26.3 46.8 56.6
Changes in working capital 278.9 (568.0) 97.7 (1,904.1)
Changes in other assets and liabilities (368.8) (301.5) (489.6) (555.9)
Cash provided by (used in) operating activities 264.4 (443.9) (21.9) (1,685.0)
INVESTING ACTIVITIES        
Capital and software expenditures (68.3) (145.7) (136.5) (285.5)
Proceeds from sales of assets 6.6 6.2 9.5 15.2
Proceeds from sales of businesses, net of cash sold (6.3) 0.2 (5.7) 0.2
Business acquisitions, net of cash acquired 0.0 (9.1) 0.0 (45.6)
Purchases of investments (1.2) (9.2) (1.6) (9.3)
Net investment hedge settlements 0.0 4.2 0.0 8.9
Other 0.0 (0.9) 3.9 (1.6)
Cash used in investing activities (69.2) (154.3) (130.4) (317.7)
FINANCING ACTIVITIES        
Proceeds from debt issuances, net of fees (1.3) (2.2)    
Proceeds from debt issuances, net of fees     745.9 992.6
Stock purchase contract fees 0.0 (9.8) 0.0 (19.6)
Credit facility borrowings 0.0 0.0 0.0 2,250.0
Net short-term commercial paper (repayments) borrowings (42.0) 746.6 (327.9) 1,341.4
Proceeds from issuances of common stock 4.0 5.9 7.1 19.6
Purchases of common stock for treasury (0.8) (1.1) (5.6) (2,314.1)
Craftsman contingent consideration (8.9) (11.3) (18.0) (21.1)
Termination of interest rate swaps 0.0 0.0 0.0 22.7
Cash dividends on common stock (119.7) (114.0) (239.5) (230.3)
Other (7.1) (5.9) (13.6) (7.6)
Cash (used in) provided by financing activities (175.8) 608.2 148.4 2,033.6
Effect of exchange rate changes on cash, cash equivalents and restricted cash (14.2) (22.4) (5.1) (17.6)
Change in cash, cash equivalents and restricted cash 5.2 (12.4) (9.0) 13.3
Cash, cash equivalents and restricted cash, beginning of period 390.7 320.5 404.9 294.8
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 395.9 308.1 395.9 308.1
Supplemental Cash Flow Elements [Abstract]        
Cash and cash equivalents 391.4   391.4  
Restricted cash included in Other current assets 4.5   4.5  
Cash, cash equivalents and restricted cash $ 395.9 $ 308.1 $ 395.9 $ 308.1