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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Jan. 01, 2022
Operating activities:      
Net earnings $ 1,034.6 $ 933.9 $ 841.4
Adjustments to reconcile net earnings to net cash provided (used) by operating activities:      
Depreciation 72.2 71.5 75.6
Amortization of other intangible assets 27.1 28.7 29.2
Provision for losses on finance receivables 57.2 37.7 32.1
Provision for losses on non-finance receivables 19.2 16.8 16.3
Stock-based compensation expense 44.7 34.0 41.4
Deferred income tax provision (benefit) (18.7) (10.3) 8.4
(Gain) loss on sales of assets (1.0) (3.1) 1.7
Changes in operating assets and liabilities, net of effects of acquisitions:      
Trade and other accounts receivable (45.2) (120.0) (61.4)
Contract receivables (34.0) (11.8) (3.1)
Inventories 23.3 (272.1) (75.4)
Prepaid expenses and other current assets 35.1 (6.3) (10.7)
Accounts payable (48.1) 17.7 56.8
Accruals and other liabilities (12.2) (41.5) 14.3
Net cash provided by operating activities 1,154.2 675.2 966.6
Investing activities:      
Additions to finance receivables (1,029.0) (955.8) (878.1)
Collections of finance receivables 833.5 826.9 854.2
Capital expenditures (95.0) (84.2) (70.1)
Acquisitions of businesses, net of cash acquired (42.6) 0.5 (199.7)
Disposals of property and equipment 2.7 5.1 2.1
Other (1.4) 1.3 1.2
Net cash used by investing activities (331.8) (206.2) (290.4)
Financing activities:      
Repayments of long-term debt 0.0 0.0 (250.0)
Net increase (decrease) in other short-term borrowings (1.7) 1.6 3.3
Cash dividends paid (355.6) (313.1) (275.8)
Purchases of treasury stock (294.7) (198.1) (431.3)
Proceeds from stock purchase plan and stock option exercises 113.6 55.0 162.4
Other (34.5) (30.4) (27.4)
Net cash used by financing activities (572.9) (485.0) (818.8)
Effect of exchange rate changes on cash and cash equivalents (5.2) (6.8) (0.8)
Increase (decrease) in cash and cash equivalents 244.3 (22.8) (143.4)
Cash and cash equivalents at beginning of year 757.2 780.0 923.4
Cash and cash equivalents at end of year 1,001.5 757.2 780.0
Supplemental cash flow disclosures:      
Cash paid for interest (44.5) (44.7) (55.9)
Net cash paid for income taxes $ (300.9) $ (261.2) $ (249.0)