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Consolidated and Combined Condensed Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 29, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net earnings $ 707.6 $ 647.8
Noncash items:    
Depreciation 72.4 66.7
Amortization 41.3 67.2
Stock-based compensation expense 37.2 34.4
Gain from acquisition (15.3) 0.0
Impairment charge on intangible assets 0.0 3.5
Change in accounts receivable, net (30.8) 9.9
Change in inventories 8.2 (34.9)
Change in trade accounts payable (51.2) (37.4)
Change in prepaid expenses and other assets (17.9) (13.3)
Change in accrued expenses and other liabilities (38.5) 75.5
Net cash provided by operating activities 713.0 819.4
Cash flows from investing activities:    
Cash paid for acquisitions (802.1) (190.6)
Payments for additions to property, plant and equipment (87.7) (90.0)
All other investing activities 1.5 4.3
Net cash used in investing activities (888.3) (276.3)
Cash flows from financing activities:    
Net proceeds from borrowings (maturities of 90 days or less) 176.8 525.6
Proceeds from borrowings (maturities longer than 90 days) 125.9 2,983.0
Payments of dividends (72.8) (24.2)
Cash dividend paid to Former Parent 0.0 (3,000.0)
Net transfers To Former Parent 0.0 (301.4)
All other financing activities 10.9 (2.2)
Net cash provided by financing activities 240.8 180.8
Effect of exchange rate changes on cash and equivalents 42.2 0.9
Net change in cash and equivalents 107.7 724.8
Beginning balance of cash and equivalents 803.2 0.0
Ending balance of cash and equivalents $ 910.9 $ 724.8