v3.25.3
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 26, 2025
Sep. 27, 2024
Cash flows from operating activities:    
Net earnings $ 393.5 $ 624.1
Less: net earnings (loss) from discontinued operations (52.3) (334.8)
Net earnings from continuing operations 341.2 289.3
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Amortization 274.3 277.1
Depreciation 52.0 45.7
Stock-based compensation 96.9 67.1
Loss from equity investments 0.0 39.4
Change in certain assets and liabilities:    
Change in trade accounts receivable, net 56.2 52.1
Change in inventories (40.2) (9.2)
Change in trade accounts payable (4.1) 5.0
Change in prepaid expenses and other assets (28.0) (27.1)
Change in accrued expenses and other liabilities (56.8) (38.6)
Total operating cash provided by continuing operations 691.5 700.8
Total operating cash provided by discontinued operations 25.8 323.8
Net cash provided by operating activities 717.3 1,024.6
Cash flows from investing activities:    
Purchases of property, plant and equipment (74.7) (63.5)
Proceeds from sale of property 0.4 0.8
Cash paid for acquisitions, net of cash received 0.0 (3.7)
All other investing activities 10.8 (1.6)
Total investing cash used in continuing operations (63.5) (68.0)
Total investing cash used in discontinued operations (15.7) (1,731.8)
Net cash used in investing activities (79.2) (1,799.8)
Cash flows from financing activities:    
Net proceeds from (repayments of) commercial paper borrowings 105.8 (571.2)
Repurchase of common shares (1,345.1) (423.0)
Payment of dividends (73.4) (83.9)
Proceeds from borrowings (maturities greater than 90 days), net of issuance costs 0.0 1,733.5
Repayment of borrowings (maturities greater than 90 days) (715.7) (1,000.0)
Proceeds from Ralliant Dividend 1,150.0 0.0
All other financing activities 15.6 47.9
Total financing cash used in continuing operations (862.8) (296.7)
Total financing cash used in discontinued operations (160.3) 0.0
Net cash used in financing activities (1,023.1) (296.7)
Effect of exchange rate changes on cash and equivalents 2.5 (5.6)
Net change in cash and equivalents (382.5) (1,077.5)
Beginning balance of cash and equivalents 813.3 1,888.8
Ending balance of cash and equivalents $ 430.8 $ 811.3

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