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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 29, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net earnings $ 600.6 $ 528.0
Noncash items:    
Amortization 277.2 287.4
Depreciation 63.9 61.6
Stock-based compensation expense 85.2 67.9
Russia exit and wind down costs 0.0 9.2
Change in trade accounts receivable, net 25.0 (21.4)
Change in inventories (21.7) (73.2)
Change in trade accounts payable (45.7) 46.6
Change in prepaid expenses and other assets (32.9) (55.4)
Change in accrued expenses and other liabilities (44.8) (11.7)
Net cash provided by operating activities 906.8 839.0
Cash flows from investing activities:    
Payments for additions to property, plant and equipment (73.7) (59.7)
Cash paid for acquisitions, net of cash received (57.7) (15.2)
Proceeds from sale of property 7.2 0.0
Proceeds from sale of business 0.0 6.6
Net cash used in investing activities (124.2) (68.3)
Cash flows from financing activities:    
Net proceeds from (repayments of) commercial paper borrowings (252.6) 381.3
Proceeds from borrowings (maturities greater than 90 days), net of issuance costs 0.0 396.9
Repayment of borrowings (maturities greater than 90 days) (250.0) 0.0
Payment of 0.875% convertible senior notes due 2022 0.0 (1,156.5)
Repurchase of common shares (207.9) (376.1)
Payment of dividends (73.9) (74.8)
All other financing activities 18.1 (9.2)
Net cash used in financing activities (766.3) (838.4)
Effect of exchange rate changes on cash and equivalents (11.4) (46.3)
Net change in cash and equivalents 4.9 (114.0)
Beginning balance of cash and equivalents 709.2 819.3
Ending balance of cash and equivalents $ 714.1 $ 705.3