XML 52 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
 9 Months Ended
Sep. 27, 2014
Sep. 28, 2013
Operating activities:    
Net earnings $ 313.4 $ 262.8
Adjustments to reconcile net earnings to net cash provided (used) by operating activities:    
Depreciation 40.6 38.3
Amortization of other intangibles 18.4 19.4
Provision for losses on finance receivables 19.8 15.0
Provision for losses on non-finance receivables 10.7 7.9
Stock-based compensation expense 27.3 28.9
Excess tax benefits from stock-based compensation (10.3) (6.5)
Deferred income tax (benefit) provision (3.1) 2.8
Loss on sale of assets 0.2  
Changes in operating assets and liabilities, net of effects of acquisitions:    
Increase in trade and other accounts receivable (61.7) (27.8)
Increase in contract receivables (31.7) (31.4)
Increase in inventories (57.5) (35.5)
Increase in prepaid and other assets (32.2) (25.5)
Increase in accounts payable 16.6 16.7
Increase in accruals and other liabilities 50.2 5.0
Net cash provided by operating activities 300.7 270.1
Investing activities:    
Additions to finance receivables (549.2) (482.4)
Collections of finance receivables 425.1 373.7
Capital expenditures (63.3) (50.7)
Acquisitions of businesses (41.3) (38.2)
Disposal of property and equipment 0.6 0.7
Other 0.9 (9.0)
Net cash used by investing activities (227.2) (205.9)
Financing activities:    
Repayment of long-term debt (100.0)  
Proceeds from short-term borrowings 4.9 1.6
Repayments of short-term borrowings (1.6) (0.5)
Net increase in other short-term borrowings 43.2 12.1
Cash dividends paid (76.8) (66.5)
Purchases of treasury stock (67.5) (67.5)
Proceeds from stock purchase and option plans 30.8 27.9
Excess tax benefits from stock-based compensation 10.3 6.5
Other (9.0) (8.7)
Net cash used by financing activities (165.7) (95.1)
Effect of exchange rate changes on cash and cash equivalents (0.7) (1.1)
Decrease in cash and cash equivalents (92.9) (32.0)
Cash and cash equivalents at beginning of year 217.6 214.5
Cash and cash equivalents at end of period 124.7 182.5
Supplemental cash flow disclosures:    
Cash paid for interest (51.1) (53.8)
Net cash paid for income taxes $ (135.9) $ (117.4)