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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Oct. 02, 2022
Oct. 03, 2021
Operating Activities    
Net income including noncontrolling interest $ 562.1 $ 283.5
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities:    
Depreciation and amortization 250.4 237.8
Stock-based compensation 22.1 25.0
Bridge financing and debt extinguishment (income) expense (10.6) 30.5
Changes in operating assets and liabilities excluding the effect of business acquired:    
Accounts receivable and unbilled receivables (40.2) (103.0)
Inventories (135.1) 3.7
Accounts payable 58.9 59.8
Deferred and income taxes receivable/payable, net (32.8) 16.9
Prepaid expenses and other assets 4.2 19.9
Accrued expenses and other liabilities (403.0) (65.4)
Other operating, net (26.9) 20.3
Net cash provided by operating activities 249.1 529.0
Investing Activities    
Purchases of property, plant and equipment (58.5) (67.6)
Purchase of businesses, net of cash acquired (11.9) (3,723.3)
Proceeds from disposal of fixed assets 5.2 0.0
Other investing, net 1.3 0.5
Net cash used in investing activities (63.9) (3,790.4)
Financing Activities    
Repayments debt 0.0 (796.6)
Net proceeds from credit facility 0.0 3,975.8
Payments on other debt (174.7) 0.0
Proceeds from exercise of stock options 18.4 21.4
Liquidations of cross currency swap 43.1 0.0
Payments for bridge financing and debt extinguishment 0.0 (30.5)
Other financing, net (2.0) (22.8)
Net cash (used in) provided by financing activities (115.2) 3,147.3
Effect of exchange rate changes on cash (65.4) (7.2)
Change in cash and cash equivalents 4.6 (121.3)
Cash and cash equivalents—beginning of period 474.7 673.1
Cash and cash equivalents—end of period $ 479.3 $ 551.8