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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 28, 2024
Dec. 30, 2023
Operating Activities      
Net income $ 688.0 $ 704.9 $ 503.0
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 206.4 197.1 187.4
Amortization 121.8 115.1 111.0
Provision for credit losses and sales returns 51.2 47.4 49.9
Stock-based compensation 27.9 28.7 22.3
Deferred taxes and other non-cash taxes (19.9) (18.5) (24.4)
Other non-cash expense and loss (income and gain), net 48.8 67.2 37.1
Changes in assets and liabilities and other adjustments:      
Trade accounts receivable 44.0 (107.3) (16.7)
Inventories 53.2 (90.7) 111.7
Accounts payable (144.4) 106.7 (87.6)
Taxes on income (5.1) 40.2 (18.7)
Other assets 3.8 (48.0) 37.7
Other liabilities (194.3) (104.0) (86.7)
Net cash provided by operating activities 881.4 938.8 826.0
Investing Activities      
Purchases of property, plant and equipment (169.0) (208.8) (265.3)
Purchases of software and other deferred charges (31.4) (31.0) (19.8)
Proceeds from company-owned life insurance policies 0.0 0.0 48.1
Purchases of Argentine Blue Chip Swap securities 0.0 (34.2) 0.0
Proceeds from sales of Argentine Blue Chip Swap securities 0.0 24.0 0.0
Proceeds from sales of property, plant and equipment 22.6 0.6 1.0
Proceeds from insurance and sales (purchases) of investments, net 3.5 10.1 1.9
Proceeds from settlement of net investment hedges 6.2 0.0 0.0
Payment for settlement of net investment hedges (26.1) 0.0 0.0
Payments for acquisitions, net of cash acquired, and venture investments (401.8) (3.8) (224.9)
Net cash used in investing activities (596.0) (243.1) (459.0)
Financing Activities      
Net increase (decrease) in borrowings with maturities of three months or less 422.5 (269.0) (36.6)
Additional long-term borrowings 576.5 539.2 394.9
Repayments of long-term debt and finance leases (559.4) (308.1) (255.9)
Dividends paid (288.4) (277.5) (256.7)
Share repurchases (572.3) (247.5) (137.5)
Net (tax withholding) proceeds related to stock-based compensation (12.8) (8.4) (23.8)
Proceeds from settlement of fair value hedges 32.8 0.0 0.0
Payments for settlement of fair value hedges (13.5) 0.0 0.0
Other (0.3) (4.8) (1.6)
Net cash used in financing activities (414.9) (576.1) (317.2)
Effect of foreign currency translation on cash balances 3.2 (5.5) (2.0)
Increase (decrease) in cash and cash equivalents (126.3) 114.1 47.8
Cash and cash equivalents, beginning of year 329.1 215.0 167.2
Cash and cash equivalents, end of year $ 202.8 $ 329.1 $ 215.0