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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 01, 2022
Oct. 02, 2021
OPERATING ACTIVITIES        
Net earnings from continuing operations $ 36.6 $ 379.5 $ 270.9 $ 1,271.6
Net earnings from discontinued operations 808.0 34.6 836.8 87.8
Adjustments to reconcile net earnings to cash (used in) provided by operating activities:        
Depreciation and amortization of property, plant and equipment 88.4 93.9 272.3 279.3
Amortization of intangibles 49.6 50.3 152.8 151.3
Gain on sale of discontinued operations (1,220.0) 0.0 (1,220.0) 0.0
Loss on sales of businesses 8.6 0.0 8.4 3.6
Asset impairment charge 0.0 0.0 168.4 0.0
Share of net earnings of equity method investment 0.0 (9.8) 0.0 (16.0)
Changes in working capital (393.3) (456.7) (2,297.4) (1,373.5)
Changes in other assets and liabilities 196.5 (87.2) (302.8) (112.9)
Cash (used in) provided by operating activities (425.6) 4.6 (2,110.6) 291.2
INVESTING ACTIVITIES        
Capital and software expenditures (114.4) (129.1) (399.9) (322.5)
Proceeds from sales of assets 24.7 1.7 39.9 7.1
Proceeds from sales of businesses, net of cash sold 4,146.9 0.0 4,147.1 (1.9)
Business acquisitions, net of cash acquired (26.5) (9.3) (72.1) (10.8)
Purchases of investments (2.9) (3.5) (12.2) (14.5)
Acquisition of assets (14.4) (0.5) (15.2) (1.4)
Net investment hedge settlements 1.7 (1.3) 10.6 (53.9)
Other (0.2) (1.0) (1.0) (1.8)
Cash provided by (used in) investing activities 4,014.9 (143.0) 3,697.2 (399.7)
FINANCING ACTIVITIES        
Proceeds from debt issuances, net of fees 0.0 0.0 992.6 0.0
Stock purchase contract fees (9.9) (9.9) (29.5) (29.5)
Net short-term (repayments) borrowings (3,263.4) 149.6 328.0 150.7
Proceeds from issuances of common stock 3.4 7.7 23.0 108.1
Purchases of common stock for treasury (4.6) (2.8) (2,318.7) (20.1)
Redemption and conversion of preferred stock 0.0 0.0 0.0 (750.0)
Craftsman contingent consideration     (32.5)  
Termination of interest rate swaps 0.0 0.0 22.7 0.0
Cash dividends on common stock (115.5) (126.0) (345.8) (347.7)
Cash dividends on preferred stock 0.0 0.0 0.0 (18.9)
Other (3.2) (3.2) (10.8) (11.6)
Cash (used in) provided by financing activities (3,404.6) 7.8 (1,371.0) (940.5)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (78.2) (15.5) (95.8) (45.9)
Change in cash, cash equivalents and restricted cash 106.5 (146.1) 119.8 (1,094.9)
Cash, cash equivalents and restricted cash, beginning of period 308.1 449.5 294.8 1,398.3
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 414.6 303.4 414.6 303.4
Supplemental Cash Flow Elements [Abstract]        
Cash and cash equivalents 408.7   408.7  
Restricted cash included in Other current assets 5.9   5.9  
Cash and cash equivalents included in Current assets held for sale 0.0   0.0  
Cash, cash equivalents and restricted cash 414.6 303.4 414.6 303.4
Craftsman        
FINANCING ACTIVITIES        
Craftsman contingent consideration $ (11.4) $ (7.6) $ (32.5) $ (21.5)