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Condensed Consolidated Statements Of Cash Flows (unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 28, 2024
Jun. 30, 2023
Cash flow from operating activities:    
Net income $ 1,373.6 $ 173.4
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 125.8 116.7
Deferred income taxes 50.4 (61.8)
Stock-based compensation 73.8 73.9
Divestitures gain, net (1,717.6) (5.1)
Other, net 8.7 (9.4)
(Increase) decrease in assets:    
Accounts receivable, net 114.8 20.2
Inventories 14.1 24.2
Other current and non-current assets (5.9) (19.3)
Increase (decrease) in liabilities:    
Accounts payable 12.9 (1.7)
Accrued compensation and benefits (18.5) 4.5
Deferred revenue 55.5 (13.3)
Income taxes payable 265.7 10.3
Other current and non-current liabilities (31.9) 38.5
Net cash provided by operating activities 321.4 351.1
Cash flow from investing activities:    
Proceeds from divestitures 1,927.0 9.2
Acquisitions of businesses, net of cash acquired (21.8) (2,080.5)
Purchases of property and equipment (21.1) (19.0)
Other, net (13.0) 40.1
Net cash provided by (used in) investing activities 1,871.1 (2,050.2)
Cash flow from financing activities:    
Issuance of common stock, net of tax withholdings (22.2) (9.6)
Repurchases of common stock (175.0) 0.0
Proceeds from debt and revolving credit lines 521.2 3,010.8
Payments on debt and revolving credit lines (1,799.3) (1,332.7)
Other, net (4.6) (6.5)
Net cash (used in) provided by financing activities (1,479.9) 1,662.0
Effect of exchange rate changes on cash and cash equivalents (7.4) 3.4
Net increase (decrease) in cash and cash equivalents 705.2 (33.7)
Cash and cash equivalents - beginning of period [1] 238.9 271.0
Cash and cash equivalents - end of period 944.1 237.3
Supplemental cash flow disclosure:    
Cash tax paid, net, excluding tax for the Ag divestiture 49.5 43.8
Cash tax paid for the Ag divestiture $ 50.0 $ 0.0
[1]
(1) Includes $9.1 million of cash and cash equivalents classified as held for sale as of December 29, 2023.