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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Jan. 02, 2021
Operating activities:      
Net earnings $ 933.9 $ 841.4 $ 646.4
Adjustments to reconcile net earnings to net cash provided (used) by operating activities:      
Depreciation 71.5 75.6 73.3
Amortization of other intangibles 28.7 29.2 23.4
Provision for losses on finance receivables 37.7 32.1 54.6
Provision for losses on non-finance receivables 16.8 16.3 22.7
Stock-based compensation expense 34.0 41.4 19.5
Deferred income tax provision (benefit) (10.3) 8.4 (8.2)
(Gain) loss on sales of assets (3.1) 1.7 1.4
Settlement of treasury lock 0.0 0.0 1.4
Changes in operating assets and liabilities, net of effects of acquisitions:      
Trade and other accounts receivable (120.0) (61.4) 47.9
Contract receivables (11.8) (3.1) (29.9)
Inventories (272.1) (75.4) 34.2
Prepaid expenses and other assets (6.3) (10.7) 8.5
Accounts payable 17.7 56.8 17.8
Accruals and other liabilities (41.5) 14.3 95.6
Net cash provided by operating activities 675.2 966.6 1,008.6
Investing activities:      
Additions to finance receivables (955.8) (878.1) (835.0)
Collections of finance receivables 826.9 854.2 750.3
Capital expenditures (84.2) (70.1) (65.6)
Acquisitions of businesses, net of cash acquired 0.5 (199.7) (41.5)
Disposals of property and equipment 5.1 2.1 1.8
Other 1.3 1.2 2.2
Net cash used by investing activities (206.2) (290.4) (187.8)
Financing activities:      
Proceeds from issuance of long-term debt 0.0 0.0 489.9
Repayments of long-term debt 0.0 (250.0) 0.0
Net increase (decrease) in other short-term borrowings 1.6 3.3 (187.2)
Cash dividends paid (313.1) (275.8) (243.3)
Purchases of treasury stock (198.1) (431.3) (174.3)
Proceeds from stock purchase and option plans 55.0 162.4 55.8
Other (30.4) (27.4) (25.2)
Net cash used by financing activities (485.0) (818.8) (84.3)
Effect of exchange rate changes on cash and cash equivalents (6.8) (0.8) 2.4
Increase (decrease) in cash and cash equivalents (22.8) (143.4) 738.9
Cash and cash equivalents at beginning of year 780.0 923.4 184.5
Cash and cash equivalents at end of year 757.2 780.0 923.4
Supplemental cash flow disclosures:      
Cash paid for interest (44.7) (55.9) (49.8)
Net cash paid for income taxes $ (261.2) $ (249.0) $ (188.4)