XML 24 R8.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Jan. 02, 2016
Jan. 03, 2015
Dec. 28, 2013
Operating activities:      
Net earnings $ 490.6 $ 432.1 $ 359.7
Adjustments to reconcile net earnings to net cash provided (used) by operating activities:      
Depreciation 57.8 54.8 51.2
Amortization of other intangibles 24.7 24.7 25.5
Provision for losses on finance receivables 31.6 27.4 20.4
Provision for losses on non-finance receivables 13.6 14.3 10.4
Stock-based compensation expense 39.8 38.1 38.5
Excess tax benefits from stock-based compensation (18.3) (13.9) (9.8)
Deferred income tax provision (benefit) (5.1) 3.2 9.5
Loss (gain) on sales of assets (2.1) 0.4  
Changes in operating assets and liabilities, net of effects of acquisitions:      
Increase in trade and other accounts receivable (44.7) (57.4) (42.0)
Increase in contract receivables (34.6) (37.5) (33.7)
Increase in inventories (43.3) (61.1) (32.0)
Increase in prepaid and other assets (28.2) (50.9) (10.3)
Increase (decrease) in accounts payable 4.7 (7.0) 8.4
Increase (decrease) in accruals and other liabilities 10.0 30.7 (3.2)
Net cash provided by operating activities 496.5 397.9 392.6
Investing activities:      
Additions to finance receivables (844.2) (746.2) (651.3)
Collections of finance receivables 624.8 591.4 508.8
Capital expenditures (80.4) (80.6) (70.6)
Acquisitions of businesses (11.8) (41.3) (38.2)
Disposals of property and equipment 3.5 0.8 8.4
Other 1.7 2.7 (7.5)
Net cash used by investing activities (306.4) (273.2) (250.4)
Financing activities:      
Repayment of long-term debt   (100.0)  
Proceeds from notes payable 7.1 4.9 3.3
Repayments of notes payable (6.3) (1.6) (2.4)
Net increase (decrease) in other short-term borrowings (34.8) 41.7 8.1
Cash dividends paid (127.9) (107.6) (92.0)
Purchases of treasury stock (110.4) (79.3) (82.6)
Proceeds from stock purchase and option plans 41.6 33.0 29.2
Excess tax benefits from stock-based compensation 18.3 13.9 9.8
Other (13.6) (11.9) (11.2)
Net cash used by financing activities (226.0) (206.9) (137.8)
Effect of exchange rate changes on cash and cash equivalents (4.2) (2.5) (1.3)
Increase (decrease) in cash and cash equivalents (40.1) (84.7) 3.1
Cash and cash equivalents at beginning of year 132.9 217.6 214.5
Cash and cash equivalents at end of year 92.8 132.9 217.6
Supplemental cash flow disclosures:      
Cash paid for interest (50.8) (52.8) (55.5)
Net cash paid for income taxes $ (191.9) $ (191.2) $ (162.9)