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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 28, 2024
Dec. 30, 2023
Sep. 30, 2023
Sep. 28, 2024
Sep. 30, 2023
OPERATING ACTIVITIES          
Net earnings (loss) $ 91.1   $ 4.7 $ 99.4 $ (6.1)
Adjustments to reconcile net earnings (loss) to cash provided by operating activities:          
Depreciation and amortization of property, plant and equipment 113.9   103.0 327.3 332.0
Amortization of intangibles 40.8   48.1 122.6 144.7
Loss on sales of businesses 0.0   0.0 0.0 7.6
(Gain) loss on sale of discontinued operations 0.0   0.0 (10.4) 0.8
Asset impairment charges 46.9   124.0 72.4 124.0
Stock-based compensation expense 21.1   18.7 85.8 65.5
Changes in working capital (60.8)   155.6 (22.8) 253.3
Changes in other assets and liabilities 32.8   (10.2) (246.5) (499.8)
Cash provided by operating activities 285.8   443.9 427.8 422.0
INVESTING ACTIVITIES          
Capital and software expenditures (86.5)   (79.9) (239.4) (216.4)
Proceeds from sales of businesses, net of cash sold 0.0   0.0 735.6 (5.7)
Other 1.1   3.5 4.6 15.3
Cash (used in) provided by investing activities (85.4)   (76.4) 500.8 (206.8)
FINANCING ACTIVITIES          
Proceeds from debt issuances, net of fees 0.0   (0.6) 0.0 745.3
Net short-term commercial paper repayments (121.5)   (266.4) (692.3) (594.3)
Craftsman contingent consideration payments 0.0   0.0 0.0 (18.0)
Cash dividends on common stock (123.6)   (121.3) (367.2) (360.8)
Other 10.8   0.6 5.7 (11.5)
Cash used in financing activities (234.3)   (387.7) (1,053.8) (239.3)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 14.1   (23.6) (28.5) (28.7)
Change in cash, cash equivalents and restricted cash (19.8)   (43.8) (153.7) (52.8)
Cash, cash equivalents and restricted cash, beginning of period 320.7 $ 352.1 395.9 454.6 404.9
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 300.9 454.6 352.1 300.9 352.1
Supplemental Cash Flow Elements [Abstract]          
Cash and cash equivalents 298.7 449.4   298.7  
Restricted cash included in Other current assets 2.2 4.6   2.2  
Cash and cash equivalents included in Current assets held for sale 0.0 0.6   0.0  
Cash, cash equivalents and restricted cash $ 300.9 $ 454.6 $ 352.1 $ 300.9 $ 352.1