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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jan. 01, 2022
Jan. 02, 2021
Dec. 28, 2019
Operating Activities      
Net income $ 740.1 $ 555.9 $ 303.6
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 167.3 154.2 140.3
Amortization 76.8 51.1 38.7
Provision for credit losses and sales returns 35.7 64.0 58.7
Stock-based compensation 37.2 24.0 34.5
Pension plan settlements and related charges 1.6 0.5 444.1
Deferred taxes and other non-cash taxes 2.6 9.3 (216.9)
Other non-cash expense and loss (income and gain), net 10.1 44.9 28.3
Changes in assets and liabilities and other adjustments:      
Trade accounts receivable (113.2) 14.7 (42.2)
Inventories (182.7) (6.0) (18.1)
Accounts payable 255.2 (68.2) 46.4
Taxes on income (7.3) (35.2) 5.4
Other assets 4.1 18.2 38.4
Other liabilities 19.3 (76.1) (114.7)
Net cash provided by operating activities 1,046.8 751.3 746.5
Investing Activities      
Purchases of property, plant and equipment (255.0) (201.4) (219.4)
Purchases of software and other deferred charges (17.1) (17.2) (37.8)
Proceeds from sales of property, plant and equipment 1.1 9.2 7.8
Proceeds from insurance and sales (purchases) of investments, net 3.1 5.6 4.9
Proceeds from sale of product line 7.6 0.0 0.0
Payments for acquisitions, net of cash acquired, and investments in businesses (1,477.6) (350.4) (6.5)
Net cash used in investing activities (1,737.9) (554.2) (251.0)
Financing Activities      
Net increase (decrease) in borrowings with maturities of three months or less 259.2 (110.4) (5.3)
Additional borrowings under revolving credit facility   500.0  
Repayments of borrowings under revolving credit facility   (500.0)  
Additional long-term borrowings 791.7 493.7  
Repayments of long-term debt and finance leases (13.4) (270.2) (18.6)
Dividends paid (220.6) (196.8) (189.7)
Share repurchases (180.9) (104.3) (237.7)
Net (tax withholding) proceeds related to stock-based compensation (25.4) (19.7) (17.4)
Other (6.3)   (1.6)
Net cash provided by (used in) financing activities 604.3 (207.7) (470.3)
Effect of foreign currency translation on cash balances (2.8) 9.2 (3.5)
Increase (decrease) in cash and cash equivalents (89.6) (1.4) 21.7
Cash and cash equivalents, beginning of year 252.3 253.7 232.0
Cash and cash equivalents, end of year $ 162.7 $ 252.3 $ 253.7