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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Apr. 01, 2022
Cash flows from operating activities:    
Net earnings $ 173.6 $ 165.1
Noncash items:    
Amortization 92.4 96.3
Depreciation 20.4 21.5
Stock-based compensation expense 26.7 19.9
Change in trade accounts receivable, net 21.5 (1.4)
Change in inventories (33.6) (43.2)
Change in trade accounts payable (32.3) 19.2
Change in prepaid expenses and other assets (16.3) (31.4)
Change in accrued expenses and other liabilities (78.0) (31.2)
Net cash provided by operating activities 174.4 214.8
Cash flows from investing activities:    
Payments for additions to property, plant and equipment (24.8) (18.8)
Cash paid for acquisitions, net of cash received 0.0 0.9
Net cash used in investing activities (24.8) (17.9)
Cash flows from financing activities:    
Net proceeds from (repayments of) commercial paper borrowings (159.3) 930.7
Payment of 0.875% convertible senior notes due 2022 0.0 (1,156.5)
Repurchase of common shares 0.0 (63.8)
Payment of dividends (24.7) (25.1)
All other financing activities (3.1) (17.9)
Net cash used in financing activities (187.1) (332.6)
Effect of exchange rate changes on cash and equivalents 1.1 0.7
Net change in cash and equivalents (36.4) (135.0)
Beginning balance of cash and equivalents 709.2 819.3
Ending balance of cash and equivalents $ 672.8 $ 684.3