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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 30, 2024
Dec. 30, 2023
Apr. 01, 2023
OPERATING ACTIVITIES      
Net earnings (loss) $ 19.5   $ (187.8)
Adjustments to reconcile net earnings (loss) to cash used in operating activities:      
Depreciation and amortization of property, plant and equipment 99.1   112.9
Amortization of intangibles 41.1   48.3
Loss on sales of businesses 0.0   7.6
Asset impairment charge 25.5   0.0
Stock-based compensation expense 41.3   34.7
Changes in working capital (359.8)   (181.2)
Changes in other assets and liabilities (297.7)   (120.8)
Cash used in operating activities (431.0)   (286.3)
INVESTING ACTIVITIES      
Capital and software expenditures (65.7)   (68.2)
Proceeds from sales of assets 3.5   2.9
Other (1.0)   4.1
Cash used in investing activities (63.2)   (61.2)
FINANCING ACTIVITIES      
Proceeds from debt issuances, net of fees 0.0   747.2
Net short-term commercial paper borrowings (repayments) 674.9   (285.9)
Proceeds from issuances of common stock 3.8   3.1
Purchases of common stock for treasury (6.3)   (4.8)
Craftsman contingent consideration payments 0.0   (9.1)
Cash dividends on common stock (121.8)   (119.8)
Other (2.0)   (6.5)
Cash provided by financing activities 548.6   324.2
Effect of exchange rate changes on cash, cash equivalents and restricted cash (27.6)   9.1
Change in cash, cash equivalents and restricted cash 26.8   (14.2)
Cash, cash equivalents and restricted cash, beginning of period 454.6   404.9
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 481.4 $ 454.6 390.7
Supplemental Cash Flow Elements [Abstract]      
Cash and cash equivalents 476.6 449.4  
Restricted cash included in Other current assets 1.5 4.6  
Cash and cash equivalents included in Current assets held for sale 3.3 0.6  
Cash, cash equivalents and restricted cash $ 481.4 $ 454.6 $ 390.7