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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jul. 01, 2022
Cash flows from operating activities:    
Net earnings $ 382.6 $ 338.1
Noncash items:    
Amortization 184.2 192.1
Depreciation 42.1 41.9
Stock-based compensation expense 55.7 45.0
Russia exit and wind down costs 0.0 9.2
Change in trade accounts receivable, net 26.0 (37.7)
Change in inventories (27.4) (50.7)
Change in trade accounts payable (36.4) 40.1
Change in prepaid expenses and other assets (13.1) (39.2)
Change in accrued expenses and other liabilities (118.3) (29.6)
Net cash provided by operating activities 495.4 509.2
Cash flows from investing activities:    
Payments for additions to property, plant and equipment (45.8) (37.1)
Proceeds from sale of property 4.9 0.0
Cash paid for acquisitions, net of cash received 0.0 (1.6)
Net cash used in investing activities (40.9) (38.7)
Cash flows from financing activities:    
Net proceeds from (repayments of) commercial paper borrowings (268.6) 481.3
Proceeds from borrowings (maturities greater than 90 days), net of issuance costs 0.0 397.0
Payment of 0.875% convertible senior notes due 2022 0.0 (1,156.5)
Repurchase of common shares (129.1) (242.9)
Payment of dividends (49.3) (50.0)
All other financing activities 5.6 (11.8)
Net cash used in financing activities (441.4) (582.9)
Effect of exchange rate changes on cash and equivalents (9.5) (24.0)
Net change in cash and equivalents 3.6 (136.4)
Beginning balance of cash and equivalents 709.2 819.3
Ending balance of cash and equivalents $ 712.8 $ 682.9