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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Cash Flows from Operating Activities    
Net Earnings (Loss) $ 212.6 $ 359.5
Less: Net loss from Discontinued Operations, Net of Tax (7.9) (2.1)
Net Earnings from Continuing Operations, net of tax 220.5 361.6
Stock Compensation Expense 20.4 15.0
Depreciation and Amortization 212.0 201.4
Pension Expense, Net of (Funding) (0.9) (1.2)
Deferred Income Taxes 8.5 0.9
Changes in Certain Current Assets and Current Liabilities (323.7) (161.2)
Long-Term Extended Warranty Contracts and Other Deferred Revenue 11.4 14.0
Income Taxes (22.9) 21.2
Other, net 5.5 (19.2)
Asset Impairment Charges 6.7 6.4
Equity Method Investment, Other than Temporary Impairment 0.0 19.2
Net Cash used by Operating Activities of Continuing Operations 137.5 458.1
Net Cash Provided by (Used for) Operating Activities of Discontinued Operations (12.5) (7.8)
Net Cash used for Operating Activities 125.0 450.3
Cash Flows from Investing Activities    
Capital Expenditures (137.1) (233.1)
Proceeds from Sale and Maturity of Marketable Securities 82.1 3.8
Investments 5.5 (1.6)
Payments to Acquire Marketable Securities (80.9) 0.0
Payments to Acquire Businesses and Interest in Affiliates (31.8) (89.6)
Proceeds from the Sale of Property, Plant and Equipment 8.2 10.6
Net Cash Used for Investing Activities (154.0) (309.9)
Cash Flows from Financing Activities    
Repayments of Long-term Debt 451.9 81.8
Proceeds From Issuances of Short-Term Debt 200.8 2.3
Payments of Short-Term Debt (7.4) (5.4)
Net Proceeds from Issuances of Long-Term Debt 396.9 0.0
Payments of Long-Term Debt Including Current Maturities (451.9) (81.8)
Common Stock Repurchases (190.0) (220.0)
Cash Dividends Paid (84.6) (84.6)
Tax Withholding Associated with Shares Issued for Share-Based Compensation (9.3) (13.4)
Other, net (1.5) 0.0
Net Cash Provided by Financing Activities (147.0) (402.9)
Effect of Exchange Rate Changes (2.0) (4.0)
Net Increase (Decrease) in Cash and Cash Equivalents and Restricted Cash (178.0) (266.5)
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 300.9 342.0
Less: Restricted Cash 16.8 11.1
Cash and Cash Equivalents at End of Period $ 284.1 $ 330.9