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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Apr. 02, 2022
Apr. 03, 2021
OPERATING ACTIVITIES    
Net income $ 226.4 $ 335.3
Adjustments to reconcile net income to net cash used in operating activities:    
Share-based compensation expense 23.2 25.8
Depreciation 32.4 31.3
Amortization 19.3 15.2
Equity in loss of unconsolidated affiliates 13.8 0.0
Other, net 0.2 (7.5)
Changes in assets and liabilities, net of acquired businesses:    
Accounts receivable (945.6) (908.1)
Inventories (436.4) (393.8)
Prepaid and other assets (37.6) (50.9)
Accounts payable (73.7) 176.0
Other current liabilities 37.4 90.0
Other non-current items (2.3) (13.3)
Other, net 0.3 0.1
Net cash used in operating activities (1,142.6) (699.9)
INVESTING ACTIVITIES    
Proceeds from sale of long-lived assets 8.5 0.0
Investments in property, plant and equipment (66.0) (53.7)
Investments in unconsolidated affiliates 0.0 (100.7)
Payment for acquisitions, net of cash acquired (202.8) (10.5)
Other investing, net 4.5 (8.9)
Net cash used in investing activities (255.8) (173.8)
FINANCING ACTIVITIES    
Borrowings under revolving and bank lines of credit and term loans 1,609.7 1,113.7
Repayments under revolving and bank lines of credit and term loans (96.2) (594.5)
Financing and issuance fees 0.0 (7.0)
Dividends paid (93.2) (70.9)
Purchase of Common Shares (256.4) (62.2)
Cash received from exercise of stock options 1.8 7.5
Acquisition of noncontrolling interests 0.0 (15.5)
Other financing, net 5.6 0.0
Net cash provided by financing activities 1,171.3 871.1
Effect of exchange rate changes on cash 0.1 0.4
Net decrease in cash and cash equivalents (227.0) (2.2)
Cash and cash equivalents at beginning of period 244.1 16.6
Cash and cash equivalents at end of period 17.1 14.4
4.000% Senior Notes    
FINANCING ACTIVITIES    
Proceeds from issuance of 4.000% Senior Notes $ 0.0 $ 500.0