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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 27, 2019
Sep. 28, 2018
Cash flows from operating activities:    
Net earnings from continuing operations $ 546.6 $ 678.2
Noncash items:    
Depreciation 97.7 91.2
Amortization 211.4 81.3
Stock-based compensation expense 45.5 37.4
Gain from combination of business (41.2) 0.0
Change in trade accounts receivable, net (133.5) (71.8)
Change in inventories 69.4 (73.4)
Change in trade accounts payable (7.9) 27.6
Change in prepaid expenses and other assets (115.1) (29.2)
Change in accrued expenses and other liabilities 127.5 37.6
Total operating cash provided by continuing operations 800.4 778.9
Total operating cash provided by (used in) discontinued operations (4.4) 120.7
Net cash provided by operating activities 796.0 899.6
Cash flows from investing activities:    
Cash paid for acquisitions, net of cash received (3,387.7) (2,825.2)
Payments for additions to property, plant and equipment (79.6) (76.8)
All other investing activities 0.0 4.0
Total investing cash used in continuing operations (3,467.3) (2,898.0)
Total investing cash used in discontinued operations 0.0 (16.8)
Net cash used in investing activities (3,467.3) (2,914.8)
Cash flows from financing activities:    
Net proceeds from (repayments of) commercial paper borrowings 695.5 (64.3)
Proceeds from borrowings (maturities longer than 90 days), net of issuance costs of $24.3 million for the nine months ended September 27, 2019 2,413.2 1,750.0
Proceeds from issuance of mandatory convertible preferred stock net of $43.0 million of issuance costs 0.0 1,337.4
Repayment of borrowings (maturities greater than 90 days) (455.3) (725.0)
Payment of common stock cash dividend to shareholders (70.3) (73.2)
Payment of mandatory convertible preferred stock cash dividend to shareholders (34.5) (17.6)
All other financing activities 16.4 27.2
Total financing cash provided by continuing operations 2,565.0 2,234.5
Net cash provided by financing activities 2,565.0 2,234.5
Effect of exchange rate changes on cash and equivalents (11.6) (36.3)
Net change in cash and equivalents (117.9) 183.0
Beginning balance of cash and equivalents 1,178.4 962.1
Ending balance of cash and equivalents $ 1,060.5 $ 1,145.1