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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
May 05, 2024
Apr. 30, 2023
OPERATING ACTIVITIES    
Net income $ 151.4 $ 136.0
Adjustments to reconcile to net cash used by operating activities:    
Depreciation and amortization 72.1 72.3
Equity in net income of unconsolidated affiliates (13.2) (11.9)
Deferred taxes (5.5) (3.0)
Stock-based compensation expense 10.5 13.1
Other gain (10.0) 0.0
Changes in operating assets and liabilities:    
Trade receivables, net (19.5) 13.4
Other receivables (0.8) 4.2
Inventories, net 69.9 76.2
Accounts payable, accrued expenses and deferred revenue (328.2) (315.0)
Prepaid expenses (26.6) (44.3)
Other, net 33.2 (16.4)
Net cash used by operating activities (66.7) (75.4)
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (38.8) (57.9)
Purchases of investments held in rabbi trust (2.5) (1.9)
Proceeds from investments held in rabbi trust 0.1 0.2
Net cash used by investing activities (41.2) (59.6)
FINANCING ACTIVITIES    
Net payments on from short-term borrowings 0.0 (27.8)
Repayment of 2022 facilities (3.0) (3.0)
Net proceeds from settlement of awards under stock plans 7.0 0.1
Proceeds from 4 1/8% senior notes, net of related fees 553.1 0.0
Redemption of 3 5/8% senior notes (561.7) 0.0
Cash dividends (2.2) (2.4)
Acquisition of treasury shares (214.0) (4.6)
Payments of finance lease liabilities (1.1) (1.2)
Net cash used by financing activities (221.9) (38.9)
Effect of exchange rate on cash and cash equivalents (1.6) (3.0)
Decrease in cash and cash equivalents (331.4) (176.9)
Cash and cash equivalents at beginning of period 707.6 550.7
Cash and cash equivalents at end of period $ 376.2 $ 373.8