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Condensed Consolidated Statements Of Cash Flows (unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 27, 2024
Sep. 29, 2023
Cash flow from operating activities:    
Net income $ 1,414.2 $ 248.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 179.2 185.2
Deferred income taxes 31.2 (104.0)
Stock-based compensation 110.3 112.5
Divestitures gain, net (1,695.0) (10.6)
Other, net 42.5 (5.9)
(Increase) decrease in assets:    
Accounts receivable, net 103.9 24.0
Inventories 17.0 46.3
Other current and non-current assets (51.6) (35.5)
Increase (decrease) in liabilities:    
Accounts payable 18.0 5.0
Accrued compensation and benefits 7.6 12.3
Deferred revenue 12.0 (39.7)
Income taxes payable 250.7 62.5
Other current and non-current liabilities (23.7) (2.2)
Net cash provided by operating activities 416.3 498.2
Cash flow from investing activities:    
Proceeds from divestitures 1,923.2 15.1
Acquisitions of businesses, net of cash acquired (22.0) (2,088.9)
Purchases of property and equipment (27.5) (32.2)
Other, net (13.7) 41.6
Net cash provided by (used in) investing activities 1,860.0 (2,064.4)
Cash flow from financing activities:    
Issuance of common stock, net of tax withholdings (6.0) 8.0
Repurchases of common stock (175.0) 0.0
Proceeds from debt and revolving credit lines 521.2 3,398.8
Payments on debt and revolving credit lines (1,799.3) (1,856.8)
Other, net (4.6) (29.3)
Net cash (used in) provided by financing activities (1,463.7) 1,520.7
Effect of exchange rate changes on cash and cash equivalents 2.5 (2.6)
Net increase (decrease) in cash and cash equivalents 815.1 (48.1)
Cash and cash equivalents - beginning of period [1] 238.9 271.0
Cash and cash equivalents - end of period [1] 1,054.0 222.9
Supplemental cash flow disclosure:    
Cash tax paid, net, excluding tax for the Ag divestiture 81.6 72.5
Cash tax paid for the Ag divestiture $ 87.1 $ 0.0
[1]
(1) Includes $17.1 million, $9.1 million, and $6.1 million of cash and cash equivalents classified as held for sale as of September 27, 2024, December 29, 2023, and September 29, 2023.