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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Operating activities:    
Net earnings $ 432.6 $ 536.2
Adjustments to reconcile net earnings to net cash provided (used) by operating activities:    
Depreciation 54.3 52.2
Amortization of other intangibles 17.2 16.3
Provision for losses on finance receivables 41.2 35.8
Provision for losses on non-finance receivables 16.3 14.4
Stock-based compensation expense 12.5 18.7
Deferred income tax provision (benefit) (8.5) 10.7
Loss on sales of assets 0.7 0.8
Settlement of treasury lock 1.4 0.0
Changes in operating assets and liabilities, net of effects of acquisitions:    
Trade and other accounts receivable 58.5 (8.4)
Contract receivables (26.8) (12.9)
Inventories (3.6) (97.3)
Prepaid and other assets (0.3) (17.0)
Accounts payable 10.3 9.2
Accruals and other liabilities 85.2 (80.8)
Net cash provided by operating activities 691.0 477.9
Investing activities:    
Additions to finance receivables (611.5) (628.1)
Collections of finance receivables 542.7 565.1
Capital expenditures (39.1) (77.8)
Acquisitions of businesses, net of cash acquired (6.1) (38.9)
Disposals of property and equipment 1.4 0.3
Other (1.6) (1.3)
Net cash used by investing activities (114.2) (180.7)
Financing activities:    
Proceeds from issuance of long-term debt 489.9 0.0
Net increase (decrease) in other short-term borrowings (187.7) 46.9
Cash dividends paid (176.5) (157.6)
Purchases of treasury stock (95.6) (167.2)
Proceeds from stock purchase and option plans 16.5 26.2
Other (19.3) (18.5)
Net cash provided (used) by financing activities 27.3 (270.2)
Effect of exchange rate changes on cash and cash equivalents (1.1) (0.4)
Increase in cash and cash equivalents 603.0 26.6
Cash and cash equivalents at beginning of year 184.5 140.9
Cash and cash equivalents at end of period 787.5 167.5
Supplemental cash flow disclosures:    
Cash paid for interest (41.2) (44.8)
Net cash paid for income taxes $ (131.9) $ (140.5)