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Consolidated and Combined Condensed Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jul. 01, 2016
Cash flows from operating activities:    
Net earnings $ 439.8 $ 420.9
Noncash items:    
Depreciation 47.2 44.1
Amortization 26.6 44.7
Stock-based compensation expense 25.3 22.4
Change in accounts receivable, net (20.7) 29.9
Change in inventories (7.9) (36.3)
Change in trade accounts payable (28.8) (12.0)
Change in prepaid expenses and other assets (8.3) (5.3)
Change in accrued expenses and other liabilities (79.2) (20.6)
Net cash provided by operating activities 394.0 487.8
Cash flows from investing activities:    
Cash paid for acquisitions 0.0 (12.8)
Payments for additions to property, plant and equipment (55.6) (61.4)
All other investing activities (3.0) 4.4
Net cash used in investing activities (58.6) (69.8)
Cash flows from financing activities:    
Net repayments of borrowings (maturities of 90 days or less) (158.8) 0.0
Proceeds from borrowings (maturities longer than 90 days) 0.0 3,370.1
Cash dividend paid to Former Parent 0.0 (3,000.0)
Payments of dividends (48.6) 0.0
Net Transfers To Former Parent 0.0 (300.9)
All other financing activities 7.3 0.0
Net cash provided by (used in) financing activities (200.1) 69.2
Effect of exchange rate changes on cash and equivalents 29.9 0.0
Net change in cash and equivalents 165.2 487.2
Beginning balance of cash and equivalents 803.2 0.0
Ending balance of cash and equivalents $ 968.4 $ 487.2