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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Operating Activities    
Net income $ 364.4 $ 141.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 113.7 105.3
Amortization 36.1 28.1
Provision for credit losses and sales returns 50.4 42.4
Stock-based compensation 12.1 25.5
Pension plan settlements and related charges   446.9
Deferred income taxes and other non-cash taxes 17.1 (176.4)
Other non-cash expense and loss (income and gain), net 35.3 17.5
Changes in assets and liabilities and other adjustments (187.3) (163.4)
Net cash provided by operating activities 441.8 467.0
Investing Activities    
Purchases of property, plant and equipment (91.7) (132.9)
Purchases of software and other deferred charges (13.8) (27.4)
Proceeds from sales of property, plant and equipment 0.2 7.7
Proceeds from insurance and sales (purchases) of investments, net 5.2 3.5
Payments for acquisition, net of cash acquired, and investments in businesses (262.8) (6.5)
Net cash used in investing activities (362.9) (155.6)
Financing Activities    
Net increase (decrease) in borrowings (maturities of three months or less) (57.1) 68.9
Additional borrowings under revolving credit facility 500.0  
Repayments of revolving credit facility (500.0)  
Additional long-term borrowings 493.7  
Repayments of long-term debt and finance leases (268.9) (17.7)
Dividends paid (145.2) (141.3)
Share repurchases (52.2) (204.3)
Net (tax withholding) proceeds related to stock-based compensation (20.0) (17.4)
Payments of contingent consideration   (1.6)
Net cash used in financing activities (49.7) (313.4)
Effect of foreign currency translation on cash balances 1.8 (5.8)
Increase (decrease) in cash and cash equivalents 31.0 (7.8)
Cash and cash equivalents, beginning of year 253.7 232.0
Cash and cash equivalents, end of period $ 284.7 $ 224.2