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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Operating activities:    
Net earnings $ 247.9 $ 367.0
Adjustments to reconcile net earnings to net cash provided (used) by operating activities:    
Depreciation 36.2 34.8
Amortization of other intangibles 11.4 10.8
Provision for losses on finance receivables 31.4 24.4
Provision for losses on non-finance receivables 11.7 8.7
Stock-based compensation expense 6.9 14.1
Deferred income tax provision (benefit) (1.9) 12.4
Loss on sales of assets 0.2 0.6
Settlement of treasury lock 1.4 0.0
Changes in operating assets and liabilities, net of effects of acquisitions:    
Trade and other accounts receivable 112.5 3.9
Contract receivables (11.8) 3.0
Inventories (32.0) (52.8)
Prepaid and other assets (18.1) (27.0)
Accounts payable (8.1) 16.6
Accruals and other liabilities 79.3 (69.7)
Net cash provided by operating activities 467.0 346.8
Investing activities:    
Additions to finance receivables (414.6) (431.1)
Collections of finance receivables 357.5 383.5
Capital expenditures (29.0) (48.2)
Acquisitions of businesses, net of cash acquired (6.1) (9.3)
Disposals of property and equipment 0.9 0.4
Other (4.1) 0.8
Net cash used by investing activities (95.4) (103.9)
Financing activities:    
Proceeds from issuance of long-term debt 489.9 0.0
Net decrease in other short-term borrowings (190.0) (18.2)
Cash dividends paid (117.7) (105.3)
Purchases of treasury stock (50.5) (107.5)
Proceeds from stock purchase and option plans 13.8 24.6
Other (13.1) (14.3)
Net cash provided (used) by financing activities 132.4 (220.7)
Effect of exchange rate changes on cash and cash equivalents (2.3) 0.9
Increase in cash and cash equivalents 501.7 23.1
Cash and cash equivalents at beginning of year 184.5 140.9
Cash and cash equivalents at end of period 686.2 164.0
Supplemental cash flow disclosures:    
Cash paid for interest (21.6) (23.4)
Net cash paid for income taxes $ (27.4) $ (92.2)