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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Oct. 01, 2021
Cash flows from operating activities:    
Net income $ 169.6 $ 254.7
Noncash items:    
Depreciation 23.9 29.4
Amortization 78.2 62.6
Allowance for credit losses 3.8 4.2
Stock-based compensation expense 23.1 21.6
Gain on sale of property, plant and equipment (1.1) (2.2)
Gain on sale of KaVo treatment unit and instrument business (8.9) 0.0
Restructuring charges 5.5 0.3
Impairment charges 5.8 9.4
Fair value of acquisition-related inventory 7.7 0.0
Amortization of right-of-use assets 17.7 21.3
Amortization of debt discount and issuance costs 3.0 17.6
Change in trade accounts receivable (76.5) (15.1)
Change in inventories (35.9) (67.1)
Change in trade accounts payable 11.3 (39.9)
Change in prepaid expenses and other assets (21.7) (23.4)
Change in accrued expenses and other liabilities (109.7) (18.7)
Change in operating lease liabilities (23.4) (29.1)
Net cash provided by operating activities 72.4 225.6
Cash flows from investing activities:    
Acquisition, net of cash acquired (696.2) 0.0
Payments for additions to property, plant and equipment (58.8) (46.0)
Proceeds from sales of property, plant and equipment 1.6 11.6
Proceeds from sale of KaVo treatment unit and instrument business, net 59.8 0.0
Proceeds from the settlement of derivative financial instruments 55.9 8.5
All other investing activities, net (18.5) 0.0
Net cash used in investing activities (656.2) (25.9)
Cash flows from financing activities:    
Proceeds from revolving line of credit 124.0 0.0
Repayment of revolving line of credit (54.0) 0.0
Proceeds from borrowing 0.3 0.0
Repayment of borrowing (0.5) (475.7)
Payment of debt issuance and other deferred financing costs 0.0 (2.3)
Proceeds from stock option exercises 19.9 16.0
Tax withholding payment related to net settlement of equity awards (8.9) (6.1)
All other financing activities 0.0 0.7
Net cash provided by (used in) financing activities 80.8 (467.4)
Effect of exchange rate changes on cash and cash equivalents (2.1) 17.6
Net change in cash and cash equivalents (505.1) (250.1)
Beginning balance of cash and cash equivalents 1,073.6 888.9
Ending balance of cash and cash equivalents 568.5 638.8
Supplemental data:    
Cash paid for interest 21.1 26.1
Cash paid for taxes 80.2 65.6
ROU assets obtained in exchange for operating lease obligations $ 29.6 $ 24.9