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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 earnings $ 841.4 $ 646.4 $ 711.2
Adjustments to reconcile net earnings to net cash provided (used) by operating activities:      
Depreciation 75.6 73.3 70.1
Amortization of other intangibles 29.2 23.4 22.3
Provision for losses on finance receivables 32.1 54.6 49.9
Provision for credit losses 16.3 22.7 18.3
Stock-based compensation expense 41.4 19.5 23.8
Deferred income tax provision (benefit) 8.4 (8.2) 34.2
Loss on sales of assets 1.7 1.4 0.9
Settlement of treasury lock 0.0 1.4 0.0
Changes in operating assets and liabilities, net of effects of acquisitions:      
Trade and other accounts receivable (61.4) 47.9 (15.7)
Contract receivables (3.1) (29.9) (20.9)
Inventories (75.4) 34.2 (97.0)
Prepaid and other assets (10.7) 8.5 (22.2)
Accounts payable 56.8 17.8 (2.6)
Accruals and other liabilities 14.3 95.6 (97.7)
Net cash provided by operating activities 966.6 1,008.6 674.6
Investing activities:      
Additions to finance receivables (878.1) (835.0) (841.9)
Collections of finance receivables 854.2 750.3 754.3
Capital expenditures (70.1) (65.6) (99.4)
Acquisitions of businesses, net of cash acquired (199.7) (41.5) (38.6)
Disposals of property and equipment 2.1 1.8 1.7
Other 1.2 2.2 1.8
Net cash used by investing activities (290.4) (187.8) (222.1)
Financing activities:      
Proceeds from issuance of long-term debt 0.0 489.9 0.0
Repayments of long-term debt (250.0) 0.0 0.0
Net increase (decrease) in other short-term borrowings 3.3 (187.2) 17.6
Cash dividends paid (275.8) (243.3) (216.6)
Purchases of treasury stock (431.3) (174.3) (238.4)
Proceeds from stock purchase and option plans 162.4 55.8 51.4
Other (27.4) (25.2) (23.4)
Net cash used by financing activities (818.8) (84.3) (409.4)
Effect of exchange rate changes on cash and cash equivalents (0.8) 2.4 0.5
Increase (decrease) in cash and cash equivalents (143.4) 738.9 43.6
Cash and cash equivalents at beginning of year 923.4 184.5 140.9
Cash and cash equivalents at end of year 780.0 923.4 184.5
Supplemental cash flow disclosures:      
Cash paid for interest (55.9) (49.8) (46.3)
Net cash paid for income taxes $ (249.0) $ (188.4) $ (191.2)