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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Apr. 01, 2022
Apr. 02, 2021
Cash flows from operating activities:    
Net earnings from continuing operations $ 165.1 $ 111.7
Noncash items:    
Amortization 96.3 77.5
Depreciation 21.5 19.5
Stock-based compensation expense 19.9 16.6
Loss on extinguishment of debt 0.0 104.2
Gain on investment in Vontier Corporation 0.0 (57.0)
Change in trade accounts receivable, net (1.4) (26.9)
Change in inventories (43.2) (3.8)
Change in trade accounts payable 19.2 (13.0)
Change in prepaid expenses and other assets (31.4) 3.8
Change in accrued expenses and other liabilities (31.2) (80.6)
Total operating cash provided by continuing operations 214.8 152.0
Total operating cash used in discontinued operations 0.0 (7.2)
Net cash provided by operating activities 214.8 144.8
Cash flows from investing activities:    
Cash paid for acquisitions, net of cash received 0.9 (0.2)
Payments for additions to property, plant and equipment (18.8) (8.4)
Net cash used in investing activities (17.9) (8.6)
Cash flows from financing activities:    
Repayments of convertible debt (1,156.5) 0.0
Net proceeds from commercial paper borrowings 930.7 0.0
Repayment of borrowings (maturities greater than 90 days) 0.0 (611.1)
Payment of common stock cash dividend to shareholders (25.1) (23.7)
Payment of mandatory convertible preferred stock cash dividend to shareholders 0.0 (17.3)
Repurchase of common shares (63.8) 0.0
All other financing activities (17.9) (2.8)
Net cash used in financing activities (332.6) (654.9)
Effect of exchange rate changes on cash and equivalents 0.7 (6.5)
Net change in cash and equivalents (135.0) (525.2)
Beginning balance of cash and equivalents 819.3 1,824.8
Ending balance of cash and equivalents $ 684.3 $ 1,299.6