XML 32 R8.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jan. 03, 2025
Dec. 29, 2023
Dec. 30, 2022
Cash flow from operating activities:      
Net income $ 1,504.4 $ 311.3 $ 449.7
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 232.0 250.6 171.8
Deferred income taxes 27.0 (104.6) (40.0)
Stock-based compensation 158.6 145.4 120.4
Divestitures gain, net (1,687.9) (9.2) (99.0)
Other, net 93.9 11.6 41.7
(Increase) decrease in assets:      
Accounts receivable, net (135.1) (36.4) (55.4)
Inventories 11.0 67.6 (113.5)
Other current and non-current assets (116.3) (67.2) (46.3)
Increase (decrease) in liabilities:      
Accounts payable 5.7 (12.4) (24.8)
Accrued compensation and benefits 56.5 20.8 (54.2)
Deferred revenue 168.5 26.0 108.6
Income taxes payable 265.6 (4.0) (38.3)
Other current and non-current liabilities (52.5) (2.4) (29.5)
Net cash provided by operating activities 531.4 597.1 391.2
Cash flow from investing activities:      
Proceeds from divestitures 1,923.4 17.0 215.4
Acquisitions of businesses, net of cash acquired (22.0) (2,088.9) (373.5)
Purchases of property and equipment (33.6) (42.0) (43.2)
Other, net (6.7) 45.8 (25.0)
Net cash provided by (used in) investing activities 1,861.1 (2,068.1) (226.3)
Cash flow from financing activities:      
Issuance of common stock, net of tax withholdings (6.5) 6.7 (13.6)
Repurchases of common stock (175.0) (100.0) (394.7)
Proceeds from debt and revolving credit lines 521.2 3,847.1 814.8
Payments on debt and revolving credit lines (2,199.4) (2,292.9) (590.2)
Other, net (4.5) (29.4) (15.3)
Net cash (used in) provided by financing activities (1,864.2) 1,431.5 (199.0)
Effect of exchange rate changes on cash and cash equivalents (19.4) 7.4 (20.6)
Net increase (decrease) in cash and cash equivalents 508.9 (32.1) (54.7)
Cash and cash equivalents - beginning of period 238.9 [1] 271.0 [1] 325.7
Cash and cash equivalents - end of period [1] 747.8 238.9 271.0
Supplemental cash flow disclosure:      
Cash paid for interest 140.4 133.7 73.1
Cash tax paid, net, excluding tax for the Ag divestiture 106.1 168.0 197.3
Cash tax paid for the Ag divestiture $ 122.0 $ 0.0 $ 0.0
[1] Includes $9.0 million and $9.1 million of cash and cash equivalents classified as held for sale as of January 3, 2025 and December 29, 2023.