XML 19 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 28, 2018
Sep. 29, 2017
Cash flows from operating activities:    
Net earnings $ 801.5 $ 707.6
Noncash items:    
Depreciation 103.3 72.4
Amortization 81.5 41.3
Stock-based compensation expense 40.5 37.2
Gain from acquisition 0.0 (15.3)
Change in accounts receivable, net (85.1) (30.8)
Change in inventories (78.9) 8.2
Change in trade accounts payable 30.2 (51.2)
Change in prepaid expenses and other assets (28.8) (17.9)
Change in accrued expenses and other liabilities 35.4 (38.5)
Net cash provided by operating activities 899.6 713.0
Cash flows from investing activities:    
Cash paid for acquisitions (2,825.2) (802.1)
Payments for additions to property, plant and equipment (93.7) (87.7)
All other investing activities 4.1 1.5
Net cash used in investing activities (2,914.8) (888.3)
Cash flows from financing activities:    
Net (repayments of) proceeds from borrowings (maturities of 90 days or less) (64.3) 176.8
Proceeds from borrowings (maturities longer than 90 days) 1,750.0 125.9
Repayment of borrowings (greater than 90 days) (725.0) 0.0
Proceeds from issuance of mandatory convertible preferred stock net of $43 million of issuance costs 1,337.4 0.0
Payment of common stock cash dividend to shareholders (73.2) (72.8)
Payment of mandatory convertible preferred stock cash dividend to shareholders (17.6) 0.0
All other financing activities 27.2 10.9
Net cash provided by financing activities 2,234.5 240.8
Effect of exchange rate changes on cash and equivalents (36.3) 42.2
Net change in cash and equivalents 183.0 107.7
Beginning balance of cash and equivalents 962.1 803.2
Ending balance of cash and equivalents $ 1,145.1 $ 910.9