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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Oct. 01, 2022
Sep. 30, 2023
Oct. 01, 2022
OPERATING ACTIVITIES        
Net earnings (loss) from continuing operations $ 4.7 $ 36.6 $ (5.6) $ 270.9
Net earnings (loss) from discontinued operations 0.0 808.0 (0.5) 836.8
Adjustments to reconcile net earnings (loss) to cash provided by (used in) operating activities:        
Depreciation and amortization of property, plant and equipment 103.0 88.4 332.0 272.3
Amortization of intangibles 48.1 49.6 144.7 152.8
Loss on sales of businesses 0.0 8.6 7.6 8.4
(Gain) loss on sale of discontinued operations 0.0 (1,220.0) 0.8 (1,220.0)
Asset impairment charges 124.0 0.0 124.0 168.4
Stock-based compensation expense 18.7 14.2 65.5 70.8
Changes in working capital 155.6 (393.3) 253.3 (2,297.4)
Changes in other assets and liabilities (10.2) 182.3 (499.8) (373.6)
Cash provided by (used in) operating activities 443.9 (425.6) 422.0 (2,110.6)
INVESTING ACTIVITIES        
Capital and software expenditures (79.9) (114.4) (216.4) (399.9)
Proceeds from sales of assets 3.6 24.7 13.1 39.9
Proceeds from sales of businesses, net of cash sold 0.0 4,146.9 (5.7) 4,147.1
Business acquisitions, net of cash acquired 0.0 (26.5) 0.0 (72.1)
Purchases of investments (0.1) (2.9) (1.7) (12.2)
Acquisition of assets 0.0 (14.4) 0.0 (15.2)
Net investment hedge settlements 0.0 1.7 0.0 10.6
Other 0.0 (0.2) 3.9 (1.0)
Cash (used in) provided by investing activities (76.4) 4,014.9 (206.8) 3,697.2
FINANCING ACTIVITIES        
Proceeds from debt issuances, net of fees (0.6) 0.0    
Proceeds from debt issuances, net of fees     745.3 992.6
Stock purchase contract fees 0.0 (9.9) 0.0 (29.5)
Credit facility borrowings 0.0 0.0 0.0 2,500.0
Credit facility repayments 0.0 (2,500.0) 0.0 (2,500.0)
Net short-term commercial paper (repayments) borrowings (266.4) (763.4) (594.3) 328.0
Proceeds from issuances of common stock 4.4 3.4 11.5 23.0
Purchases of common stock for treasury (1.2) (4.6) (6.8) (2,318.7)
Craftsman contingent consideration 0.0 (11.4) (18.0) (32.5)
Termination of interest rate swaps 0.0 0.0 0.0 22.7
Cash dividends on common stock (121.3) (115.5) (360.8) (345.8)
Other (2.6) (3.2) (16.2) (10.8)
Cash used in financing activities (387.7) (3,404.6) (239.3) (1,371.0)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (23.6) (78.2) (28.7) (95.8)
Change in cash, cash equivalents and restricted cash (43.8) 106.5 (52.8) 119.8
Cash, cash equivalents and restricted cash, beginning of period 395.9 308.1 404.9 294.8
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 352.1 414.6 352.1 414.6
Supplemental Cash Flow Elements [Abstract]        
Cash and cash equivalents 347.8   347.8  
Restricted cash included in Other current assets 4.3   4.3  
Cash, cash equivalents and restricted cash $ 352.1 $ 414.6 $ 352.1 $ 414.6