XML 18 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Condensed Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 29, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net earnings $ 1,635.5 $ 1,806.7
Less: earnings from discontinued operations, net of income taxes (22.3) (400.3)
Net earnings from continuing operations 1,613.2 1,406.4
Noncash items:    
Depreciation 427.3 395.9
Amortization 492.9 426.6
Stock-based compensation expense 104.8 96.3
Restructuring and impairment charges 49.3 0.0
Pretax loss on early extinguishment of borrowings 0.0 (178.8)
Pretax gain on sale of investments 0.0 (223.4)
Change in trade accounts receivable, net 74.6 (94.8)
Change in inventories (98.2) (138.5)
Change in trade accounts payable (48.5) (38.1)
Change in prepaid expenses and other assets 242.3 171.9
Change in accrued expenses and other liabilities (214.6) 257.4
Total operating cash provided by continuing operations 2,643.1 2,438.5
Total operating cash provided by discontinued operations 0.0 434.3
Net cash provided by operating activities 2,643.1 2,872.8
Cash flows from investing activities:    
Cash paid for acquisitions (112.0) (99.6)
Payments for additions to property, plant and equipment (445.8) (422.1)
Proceeds from sales of property, plant and equipment 32.3 7.2
Proceeds from sale of investments 0.0 264.8
All other investing activities (2.4) 0.0
Total investing cash used in continuing operations (527.9) (249.7)
Total investing cash used in discontinued operations 0.0 (69.8)
Net cash used in investing activities (527.9) (319.5)
Cash flows from financing activities:    
Proceeds from the issuance of common stock 49.0 156.6
Payment of dividends (281.0) (313.3)
Payment for purchase of noncontrolling interests (64.4) 0.0
Make-whole premiums to redeem borrowings prior to maturity 0.0 188.1
Net repayments of borrowings (maturities of 90 days or less) (3,319.1) (2,334.2)
Proceeds from borrowings (maturities longer than 90 days) 1,684.0 3,240.9
Repayments of borrowings (maturities longer than 90 days) (562.4) (2,354.2)
All other financing activities (50.7) (26.7)
Total financing cash used in continuing operations (2,544.6) (1,819.0)
Cash distributions to Fortive, net 0.0 (485.3)
Net cash used in financing activities (2,544.6) (2,304.3)
Effect of exchange rate changes on cash and equivalents 114.3 (68.4)
Net change in cash and equivalents (315.1) 180.6
Beginning balance of cash and equivalents 963.7 790.8
Ending balance of cash and equivalents 648.6 971.4
Supplemental disclosures:    
Cash interest payments 117.4 199.4
Cash income tax payments 378.3 330.8
Distribution of noncash net assets to Fortive Corporation $ 0.0 $ (1,983.6)