XML 19 R8.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Operating activities:    
Net earnings $ 246.7 $ 269.6
Adjustments to reconcile net earnings to net cash provided (used) by operating activities:    
Depreciation 18.3 18.2
Amortization of other intangible assets 5.7 6.3
Provision for losses on finance receivables 18.2 18.2
Provision for losses on non-finance receivables 5.8 4.9
Stock-based compensation expense 4.5 9.8
Deferred income tax provision 3.7 1.6
Gain on sales of assets 0.0 (0.2)
Changes in operating assets and liabilities, net of effects of acquisitions:    
Trade and other accounts receivable (33.4) (47.9)
Contract receivables 2.9 (4.0)
Inventories (3.0) 22.1
Prepaid expenses and other assets (9.4) (3.5)
Accounts payable 18.5 23.3
Accrued and other liabilities 20.0 30.3
Net cash provided by operating activities 298.5 348.7
Investing activities:    
Additions to finance receivables (218.9) (248.0)
Collections of finance receivables 210.7 207.8
Capital expenditures (22.9) (21.8)
Disposals of property and equipment 0.1 1.1
Other (1.0) (2.3)
Net cash used by investing activities (32.0) (63.2)
Financing activities:    
Net increase (decrease) in other short-term borrowings 4.5 (0.4)
Cash dividends paid (112.2) (98.2)
Purchases of treasury stock (87.2) (70.2)
Proceeds from stock purchase plans and stock option exercises 18.3 28.3
Other (17.0) (23.7)
Net cash used by financing activities (193.6) (164.2)
Effect of exchange rate changes on cash and cash equivalents 1.5 (1.8)
Increase in cash and cash equivalents 74.4 119.5
Cash and cash equivalents at beginning of year 1,360.5 1,001.5
Cash and cash equivalents at end of period 1,434.9 1,121.0
Supplemental cash flow disclosures:    
Cash paid for interest (13.6) (13.7)
Net cash paid for income taxes $ (19.8) $ (14.7)