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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Operating activities:    
Net earnings $ 410.8 $ 247.9
Adjustments to reconcile net earnings to net cash provided (used) by operating activities:    
Depreciation 37.9 36.2
Amortization of other intangibles 12.3 11.4
Provision for losses on finance receivables 17.9 31.4
Provision for losses on non-finance receivables 8.1 11.7
Stock-based compensation expense 23.8 6.9
Deferred income tax provision (benefit) 4.0 (1.9)
Loss on sales of assets 1.4 0.2
Settlement of treasury lock 0.0 1.4
Changes in operating assets and liabilities, net of effects of acquisitions:    
Trade and other accounts receivable (4.0) 112.5
Contract receivables 4.5 (11.8)
Inventories (16.1) (32.0)
Prepaid and other assets (14.3) (18.1)
Accounts payable 59.5 (8.1)
Accruals and other liabilities 11.7 79.3
Net cash provided by operating activities 557.5 467.0
Investing activities:    
Additions to finance receivables (454.5) (414.6)
Collections of finance receivables 447.9 357.5
Capital expenditures (37.6) (29.0)
Acquisitions of businesses, net of cash acquired (195.8) (6.1)
Proceeds on sale of property and equipment 1.4 0.9
Other 1.7 (4.1)
Net cash used by investing activities (236.9) (95.4)
Financing activities:    
Proceeds from issuance of long-term debt 0.0 489.9
Net increase (decrease) in other short-term borrowings 2.9 (190.0)
Cash dividends paid (133.4) (117.7)
Purchases of treasury stock (289.3) (50.5)
Proceeds from stock purchase and option plans 154.8 13.8
Other (13.9) (13.1)
Net cash provided (used) by financing activities (278.9) 132.4
Effect of exchange rate changes on cash and cash equivalents 0.8 (2.3)
Increase in cash and cash equivalents 42.5 501.7
Cash and cash equivalents at beginning of year 923.4 184.5
Cash and cash equivalents at end of period 965.9 686.2
Supplemental cash flow disclosures:    
Cash paid for interest (27.9) (21.6)
Net cash paid for income taxes $ (126.6) $ (27.4)