XML 18 R8.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Operating activities:    
Net earnings $ 459.9 $ 410.8
Adjustments to reconcile net earnings to net cash provided (used) by operating activities:    
Depreciation 36.7 37.9
Amortization of other intangibles 14.4 12.3
Provision for credit losses 15.4 17.9
Provision for losses on non-finance receivables 6.7 8.1
Stock-based compensation expense 17.5 23.8
Deferred income tax provision (benefit) (7.1) 4.0
Loss (gain) on sales of assets (2.9) 1.4
Changes in operating assets and liabilities, net of effects of acquisitions:    
Trade and other accounts receivable (73.7) (4.0)
Contract receivables 10.4 4.5
Inventories (123.4) (16.1)
Prepaid expenses and other assets (23.4) (14.3)
Accounts payable 42.1 59.5
Accruals and other liabilities (37.9) 11.7
Net cash provided by operating activities 334.7 557.5
Investing activities:    
Additions to finance receivables (469.6) (454.5)
Collections of finance receivables 426.2 447.9
Capital expenditures (41.5) (37.6)
Acquisitions of businesses, net of cash acquired 0.5 (195.8)
Disposals of property and equipment 4.2 1.4
Other (0.2) 1.7
Net cash used by investing activities (80.4) (236.9)
Financing activities:    
Net increase in other short-term borrowings 2.8 2.9
Cash dividends paid (151.4) (133.4)
Purchases of treasury stock (82.6) (289.3)
Proceeds from stock purchase and option plans 29.2 154.8
Other (16.5) (13.9)
Net cash used by financing activities (218.5) (278.9)
Effect of exchange rate changes on cash and cash equivalents (2.9) 0.8
Increase in cash and cash equivalents 32.9 42.5
Cash and cash equivalents at beginning of year 780.0 923.4
Cash and cash equivalents at end of period 812.9 965.9
Supplemental cash flow disclosures:    
Cash paid for interest (22.4) (27.9)
Net cash paid for income taxes $ (129.2) $ (126.6)