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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 27, 2025
Sep. 28, 2024
OPERATING ACTIVITIES        
Net earnings $ 51.4 $ 91.1 $ 243.7 $ 99.4
Adjustments to reconcile net earnings to cash provided by operating activities:        
Depreciation and amortization of property, plant and equipment 92.9 113.9 276.7 327.3
Amortization of intangibles 37.3 40.8 112.0 122.6
Loss on sale of business 0.0 0.0 0.3 0.0
Gain on sale of discontinued operations 0.0 0.0 0.0 (10.4)
Asset impairment charges 169.1 46.9 169.1 72.4
Stock-based compensation expense 18.4 21.1 82.8 85.8
Changes in working capital (38.7) (60.8) (380.1) (22.8)
Changes in other assets and liabilities (109.2) 32.8 (489.0) (246.5)
Cash provided by operating activities 221.2 285.8 15.5 427.8
INVESTING ACTIVITIES        
Capital and software expenditures (65.9) (86.5) (210.5) (239.4)
Proceeds from sales of businesses, net of cash sold 0.0 0.0 5.0 735.6
Other 0.8 1.1 15.5 4.6
Cash (used in) provided by investing activities (65.1) (85.4) (190.0) 500.8
FINANCING ACTIVITIES        
Payment on long-term debt (350.1) 0.0 (850.4) 0.0
Net short-term commercial paper borrowings (repayments) 287.9 (121.5) 1,325.9 (692.3)
Proceeds from issuances of common stock 2.4 13.9 7.3 21.4
Purchases of common stock for treasury (2.2) (2.3) (14.7) (10.0)
Cash dividends on common stock (125.8) (123.6) (374.3) (367.2)
Other (0.3) (0.8) (2.9) (5.7)
Cash (used in) provided by financing activities (188.1) (234.3) 90.9 (1,053.8)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (5.8) 14.1 68.3 (28.5)
Change in cash, cash equivalents and restricted cash (37.8) (19.8) (15.3) (153.7)
Cash, cash equivalents and restricted cash, beginning of period 315.3 320.7 292.8 454.6
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 277.5 300.9 277.5 300.9
Supplemental Cash Flow Elements [Abstract]        
Cash and cash equivalents 268.3   268.3  
Restricted cash included in Other current assets 9.2   9.2  
Cash, cash equivalents and restricted cash $ 277.5 $ 300.9 $ 277.5 $ 300.9