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Consolidated Statements of Cash Flows
$ in Millions
 12 Months Ended
Dec. 31, 2022
USD ($)
Jan. 01, 2022
USD ($)
Jan. 02, 2021
USD ($)
Operating Activities:      
Net earnings from continuing operations $ 170.3 $ 1,550.8 $ 1,154.8
Net earnings from discontinued operations 892.4 136.7 79.9
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:      
Depreciation and amortization of property, plant and equipment 369.7 374.0 376.5
Amortization of intangibles 202.5 203.1 201.6
Inventory step-up amortization 80.3 20.7 29.0
Loss on sales of businesses 8.4 0.6 13.5
Gain on equity method investment 0.0 (68.0) 0.0
Loss on debt extinguishment 0.0 0.0 46.9
Gain on sale of discontinued operations (1,197.4) 0.0 0.0
Asset impairment charge 168.4 0.0 0.0
Craftsman contingent consideration remeasurement from MTD acquisition 0.0 101.1 0.0
Stock-based compensation expense 90.7 118.3 109.1
Provision for credit losses 30.0 18.7 41.1
Share of net earnings of equity method investment 0.0 (19.0) (9.1)
Deferred tax benefit (271.7) (386.9) (241.7)
Other non-cash items 72.1 27.7 44.7
Changes in operating assets and liabilities:      
Accounts receivable 109.0 (280.6) (39.6)
Inventories (792.4) (1,970.4) (401.5)
Accounts payable (991.4) 758.3 310.4
Deferred revenue (29.9) 1.9 (0.3)
Other current assets 15.6 (166.8) (100.2)
Other long-term assets (351.3) (438.8) (14.0)
Accrued expenses (176.3) 444.0 381.7
Defined benefit liabilities (31.9) (40.0) (40.2)
Other long-term liabilities 173.4 277.7 79.5
Net cash (used in) provided by operating activities (1,459.5) 663.1 2,022.1
Investing Activities:      
Capital and software expenditures (530.4) (519.1) (348.1)
Sales of assets 41.7 8.4 19.9
Business acquisitions, net of cash acquired (71.9) (2,043.8) (1,324.4)
Sales of businesses, net of cash sold 4,147.1 5.3 59.1
Net investment hedge settlements 10.6 (55.1) 41.0
Other (24.5) (19.5) (24.6)
Net cash provided by (used in) investing activities 3,572.6 (2,623.8) (1,577.1)
Financing Activities:      
Payments on long-term debt 0.0 (1.5) (1,154.3)
Proceeds from debt issuances, net of fees 992.6 0.0 2,222.5
Net short-term commercial paper (repayments) borrowings (138.1) 2,224.6 (342.6)
Stock purchase contract fees (39.4) (39.4) (59.8)
Credit facility borrowings 2,500.0 0.0 0.0
Credit facility repayments (2,500.0) 0.0 0.0
Purchases of common stock for treasury (2,323.0) (34.3) (26.2)
Proceeds from issuance of remarketed preferred stock 750.0 0.0 750.0
Redemption and conversion of preferred stock (750.0) (750.0) 0.0
Premium paid on debt extinguishment 0.0 0.0 (48.7)
Proceeds from issuances of common stock 38.7 131.4 147.0
Termination of interest rate swaps 22.7 (75.3) (20.5)
Cash dividends on common stock (465.8) (474.8) (431.8)
Cash dividends on preferred stock (5.8) (18.9) (18.8)
Other (11.7) (13.8) (10.6)
Net cash (used in) provided by financing activities (1,971.1) 918.7 615.9
Effect of exchange rate changes on cash and cash equivalents (31.9) (61.5) 22.8
Change in cash, cash equivalents and restricted cash 110.1 (1,103.5) 1,083.7
Cash, cash equivalents and restricted cash, beginning of year 294.8 1,398.3 314.6
Cash, cash equivalents and restricted cash, end of year 404.9 294.8 1,398.3
Supplemental Cash Flow Information [Abstract]      
Cash and cash equivalents 395.6 142.1  
Restricted cash included in Other current assets 9.3 7.6  
Cash and cash equivalents included in Current assets held for sale 0.0 145.1  
Cash, cash equivalents and restricted cash 404.9 294.8 1,398.3
Craftsman      
Financing Activities:      
Contingent consideration (41.3) (29.3) (45.9)
Consolidated Aerospace Manufacturing (CAM)      
Financing Activities:      
Contingent consideration 0.0 0.0 (94.4)
Craftsman Deferred      
Financing Activities:      
Contingent consideration $ 0.0 $ 0.0 $ (250.0)