XML 89 R5.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 28, 2020
Mar. 30, 2019
OPERATING ACTIVITIES    
Net earnings $ 133.1 $ 170.4
Adjustments to reconcile net earnings to cash used in operating activities:    
Depreciation and amortization of property, plant and equipment 92.8 94.0
Amortization of intangibles 48.3 43.8
Share of net losses (earnings) of equity method investment 0.2 (0.3)
Changes in working capital (512.7) (616.8)
Changes in other assets and liabilities (166.9) (122.4)
Cash used in operating activities (405.2) (431.3)
INVESTING ACTIVITIES    
Capital and software expenditures (82.9) (89.6)
Business acquisitions, net of cash acquired (1,302.4) (676.2)
Purchase of investments (6.5) (245.4)
Net investment hedge settlements 24.4 3.9
Other 3.7 0.0
Cash used in investing activities (1,363.7) (1,007.3)
FINANCING ACTIVITIES    
Payment on long-term debt 0.0 (400.0)
Proceeds from debt issuances, net of fees 1,486.4 496.9
Stock purchase contract fees (20.1) (10.1)
Net short-term borrowings 1,351.9 1,419.9
Proceeds from issuances of common stock 44.6 10.2
Purchases of common stock for treasury (9.0) (8.1)
Craftsman deferred purchase price (250.0) 0.0
Termination of interest rate swaps (20.5) (1.0)
Cash dividends on common stock (105.6) (97.6)
Other (2.5) (2.0)
Cash provided by financing activities 2,475.2 1,408.2
Effect of exchange rate changes on cash, cash equivalents and restricted cash (22.6) 4.8
Change in cash, cash equivalents and restricted cash 683.7 (25.6)
Cash, cash equivalents and restricted cash, beginning of period 314.6 311.4
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD $ 998.3 $ 285.8