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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jan. 02, 2021
Dec. 28, 2019
Dec. 29, 2018
Operating activities:      
Net earnings $ 646.4 $ 711.2 $ 696.2
Adjustments to reconcile net earnings to net cash provided (used) by operating activities:      
Depreciation 73.3 70.1 68.8
Amortization of other intangibles 23.4 22.3 25.3
Provision for losses on finance receivables 54.6 49.9 57.5
Provision for credit losses 22.7 18.3 12.8
Stock-based compensation expense 19.5 23.8 27.2
Deferred income tax provision (benefit) (8.2) 34.2 13.7
Loss on sales of assets 1.4 0.9 0.5
Settlement of treasury lock 1.4 0.0 0.0
Loss on early extinguishment of debt 0.0 0.0 7.8
Changes in operating assets and liabilities, net of effects of acquisitions:      
Trade and other accounts receivable 47.9 (15.7) (47.7)
Contract receivables (29.9) (20.9) (30.9)
Inventories 34.2 (97.0) (38.6)
Prepaid and other assets 8.5 (22.2) 10.4
Accounts payable 17.8 (2.6) 27.5
Accruals and other liabilities 95.6 (97.7) (66.0)
Net cash provided by operating activities 1,008.6 674.6 764.5
Investing activities:      
Additions to finance receivables (835.0) (841.9) (865.6)
Collections of finance receivables 750.3 754.3 747.7
Capital expenditures (65.6) (99.4) (90.9)
Acquisitions of businesses, net of cash acquired (41.5) (38.6) (3.0)
Disposals of property and equipment 1.8 1.7 0.7
Other 2.2 1.8 0.9
Net cash used by investing activities (187.8) (222.1) (210.2)
Financing activities:      
Proceeds from issuance of long-term debt 489.9 0.0 395.4
Repayments of long-term debt 0.0 0.0 (457.8)
Repayments of notes payable 0.0 0.0 (16.8)
Net increase (decrease) in other short-term borrowings (187.2) 17.6 21.7
Cash dividends paid (243.3) (216.6) (192.0)
Purchases of treasury stock (174.3) (238.4) (284.1)
Proceeds from stock purchase and option plans 55.8 51.4 55.5
Other (25.2) (23.4) (24.1)
Net cash used by financing activities (84.3) (409.4) (502.2)
Effect of exchange rate changes on cash and cash equivalents 2.4 0.5 (3.2)
Increase in cash and cash equivalents 738.9 43.6 48.9
Cash and cash equivalents at beginning of year 184.5 140.9 92.0
Cash and cash equivalents at end of year 923.4 184.5 140.9
Supplemental cash flow disclosures:      
Cash paid for interest (49.8) (46.3) (51.5)
Net cash paid for income taxes $ (188.4) $ (191.2) $ (188.0)