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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Cash Flows from Operating Activities    
Net Earnings (Loss) $ 68.0 $ 112.3
Less: Net loss from Discontinued Operations, Net of Tax (0.4) (0.1)
Net Earnings from Continuing Operations, net of tax 68.4 112.4
Stock Compensation Expense 6.1 5.9
Depreciation and Amortization 69.4 64.7
Pension Expense, Net of (Funding) (0.3) (0.6)
Deferred Income Taxes 1.9 2.2
Changes in Certain Current Assets and Current Liabilities (301.2) (269.7)
Long-Term Extended Warranty Contracts and Other Deferred Revenue 2.1 2.5
Income Taxes 0.2 78.4
Other, net 4.8 (11.5)
Asset Impairment Charges 0.5 1.2
Net Cash used by Operating Activities of Continuing Operations (148.1) (14.5)
Net Cash Provided by (Used for) Operating Activities of Discontinued Operations (5.3) (1.3)
Net Cash used for Operating Activities (153.4) (15.8)
Cash Flows from Investing Activities    
Capital Expenditures (54.0) (93.5)
Proceeds from Sale and Maturity of Marketable Securities 0.0 3.8
Investments (3.0) (7.6)
Payments to Acquire Businesses and Interest in Affiliates (0.7) 0.0
Proceeds from the Sale of Property, Plant and Equipment 2.3 2.7
Net Cash Used for Investing Activities (55.4) (94.6)
Cash Flows from Financing Activities    
Repayments of Long-term Debt 0.6 0.6
Proceeds From Issuances of Short-Term Debt 1.1 1.4
Payments of Short-Term Debt (0.9) (0.2)
Net Proceeds from Issuances of Long-Term Debt 396.9 0.0
Payments of Long-Term Debt Including Current Maturities (0.6) (0.6)
Common Stock Repurchases (63.6) (60.0)
Cash Dividends Paid (28.6) (28.5)
Tax Withholding Associated with Shares Issued for Share-Based Compensation (9.2) (13.0)
Other, net (1.0) 0.0
Net Cash Provided by Financing Activities 294.1 (100.9)
Effect of Exchange Rate Changes (4.7) 1.7
Net Increase (Decrease) in Cash and Cash Equivalents and Restricted Cash 80.6 (209.6)
Cash and Cash Equivalents and Restricted Cash at Beginning of Period 478.9 608.5
Cash and Cash Equivalents and Restricted Cash at End of Period 559.5 398.9
Less: Restricted Cash 11.1 11.1
Cash and Cash Equivalents at End of Period $ 548.4 $ 387.8