v3.25.2
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 27, 2025
Jun. 28, 2024
Cash flows from operating activities:    
Net earnings $ 338.5 $ 402.5
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Amortization 225.0 227.1
Depreciation 47.7 46.2
Stock-based compensation 54.9 53.1
Gain on sale of property 0.0 (63.1)
Loss from divestiture 0.0 25.6
Change in trade accounts receivable, net 75.5 24.6
Change in inventories (57.7) (12.0)
Change in trade accounts payable 13.8 30.7
Change in prepaid expenses and other assets (40.3) (11.5)
Change in accrued expenses and other liabilities (104.5) (157.6)
Net cash provided by operating activities 552.9 565.6
Cash flows from investing activities:    
Purchases of property, plant and equipment (63.4) (55.6)
Proceeds from sale of property 1.7 10.8
Cash paid for acquisitions, net of cash received 0.0 (1,721.8)
Cash infusion into divestiture 0.0 (14.0)
All other investing activities 10.9 (1.6)
Net cash used in investing activities (50.8) (1,782.2)
Cash flows from financing activities:    
Net proceeds from (repayments of) commercial paper borrowings (253.2) (571.5)
Repurchase of common shares (344.5) (152.9)
Payment of dividends (54.2) (56.1)
Proceeds from borrowings (maturities greater than 90 days), net of issuance costs 1,146.8 1,733.5
Repayment of borrowings (maturities greater than 90 days) 0.0 (1,000.0)
All other financing activities 14.4 31.9
Net cash provided by (used in) financing activities 509.3 (15.1)
Effect of exchange rate changes on cash and equivalents 8.0 (13.0)
Net change in cash and equivalents 1,019.4 (1,244.7)
Beginning balance of cash and equivalents 813.3 1,888.8
Ending balance of cash and equivalents $ 1,832.7 $ 644.1

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