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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Jan. 02, 2021
Operating Activities      
Net income $ 757.1 $ 740.1 $ 555.9
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 177.4 167.3 154.2
Amortization 113.3 76.8 51.1
Provision for credit losses and sales returns 50.1 35.7 64.0
Stock-based compensation 47.4 37.2 24.0
Pension plan settlements and related charges 0.0 1.6 0.5
Deferred taxes and other non-cash taxes 18.4 2.6 9.3
Other non-cash expense and loss (income and gain), net 23.5 10.1 44.9
Changes in assets and liabilities and other adjustments:      
Trade accounts receivable (22.1) (113.2) 14.7
Inventories (140.7) (182.7) (6.0)
Accounts payable 68.2 255.2 (68.2)
Taxes on income 18.9 (7.3) (35.2)
Other assets 15.3 4.1 18.2
Other liabilities (165.8) 19.3 (76.1)
Net cash provided by operating activities 961.0 1,046.8 751.3
Investing Activities      
Purchases of property, plant and equipment (278.1) (255.0) (201.4)
Purchases of software and other deferred charges (20.4) (17.1) (17.2)
Proceeds from sales of property, plant and equipment 2.3 1.1 9.2
Proceeds from insurance and sales (purchases) of investments, net 1.9 3.1 5.6
Proceeds from sale of product line and venture investment 1.1 7.6 0.0
Payments for acquisitions, net of cash acquired, and venture investments (39.5) (1,477.6) (350.4)
Net cash used in investing activities (332.7) (1,737.9) (554.2)
Financing Activities      
Net increase (decrease) in borrowings with maturities of three months or less 34.6 259.2 (110.4)
Additional borrowings under revolving credit facility 0.0 0.0 500.0
Repayments of borrowings under revolving credit facility 0.0 0.0 (500.0)
Additional long-term borrowings 0.0 791.7 493.7
Repayments of long-term debt and finance leases (6.3) (13.4) (270.2)
Dividends paid (238.9) (220.6) (196.8)
Share repurchases (379.5) (180.9) (104.3)
Net (tax withholding) proceeds related to stock-based compensation (25.1) (25.4) (19.7)
Other 0.0 (6.3) 0.0
Net cash (used in) provided by financing activities (615.2) 604.3 (207.7)
Effect of foreign currency translation on cash balances (8.6) (2.8) 9.2
Increase (decrease) in cash and cash equivalents 4.5 (89.6) (1.4)
Cash and cash equivalents, beginning of year 162.7 252.3 253.7
Cash and cash equivalents, end of year $ 167.2 $ 162.7 $ 252.3