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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Operating Activities      
Net income $ 704.9 $ 503.0 $ 757.1
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 197.1 187.4 177.4
Amortization 115.1 111.0 113.3
Provision for credit losses and sales returns 47.4 49.9 50.1
Stock-based compensation 28.7 22.3 47.4
Deferred taxes and other non-cash taxes (18.5) (24.4) 18.4
Other non-cash expense and loss (income and gain), net 67.2 37.1 23.5
Changes in assets and liabilities and other adjustments:      
Trade accounts receivable (107.3) (16.7) (22.1)
Inventories (90.7) 111.7 (140.7)
Accounts payable 106.7 (87.6) 68.2
Taxes on income 40.2 (18.7) 18.9
Other assets (48.0) 37.7 15.3
Other liabilities (104.0) (86.7) (165.8)
Net cash provided by operating activities 938.8 826.0 961.0
Investing Activities      
Purchases of property, plant and equipment (208.8) (265.3) (278.1)
Purchases of software and other deferred charges (31.0) (19.8) (20.4)
Proceeds from company-owned life insurance policies 0.0 48.1 0.0
Purchases of Argentine Blue Chip Swap securities (34.2) 0.0 0.0
Proceeds from sales of Argentine Blue Chip Swap securities 24.0 0.0 0.0
Proceeds from sales of property, plant and equipment 0.6 1.0 2.3
Proceeds from insurance and sales (purchases) of investments, net 10.1 1.9 1.9
Proceeds from sale of venture investment 0.0 0.0 1.1
Payments for acquisitions, net of cash acquired, and venture investments (3.8) (224.9) (39.5)
Net cash used in investing activities (243.1) (459.0) (332.7)
Financing Activities      
Net increase (decrease) in borrowings with maturities of three months or less (269.0) (36.6) 34.6
Additional long-term borrowings 539.2 394.9 0.0
Repayments of long-term debt and finance leases (308.1) (255.9) (6.3)
Dividends paid (277.5) (256.7) (238.9)
Share repurchases (247.5) (137.5) (379.5)
Net (tax withholding) proceeds related to stock-based compensation (8.4) (23.8) (25.1)
Other (4.8) (1.6) 0.0
Net cash used in financing activities (576.1) (317.2) (615.2)
Effect of foreign currency translation on cash balances (5.5) (2.0) (8.6)
Increase (decrease) in cash and cash equivalents 114.1 47.8 4.5
Cash and cash equivalents, beginning of year 215.0 167.2 162.7
Cash and cash equivalents, end of year $ 329.1 $ 215.0 $ 167.2