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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Jan. 01, 2022
Operating Activities      
Net income $ 503.0 $ 757.1 $ 740.1
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 187.4 177.4 167.3
Amortization 111.0 113.3 76.8
Provision for credit losses and sales returns 49.9 50.1 35.7
Stock-based compensation 22.3 47.4 37.2
Deferred taxes and other non-cash taxes (24.4) 18.4 2.6
Other non-cash expense and loss (income and gain), net 37.1 23.5 11.7
Changes in assets and liabilities and other adjustments:      
Trade accounts receivable (16.7) (22.1) (113.2)
Inventories 111.7 (140.7) (182.7)
Accounts payable (87.6) 68.2 255.2
Taxes on income (18.7) 18.9 (7.3)
Other assets 37.7 15.3 4.1
Other liabilities (86.7) (165.8) 19.3
Net cash provided by operating activities 826.0 961.0 1,046.8 Close
Investing Activities      
Purchases of property, plant and equipment (265.3) (278.1) (255.0)
Purchases of software and other deferred charges (19.8) (20.4) (17.1)
Proceeds from company-owned life insurance policies 48.1 0.0 0.0
Proceeds from sales of property, plant and equipment 1.0 2.3 1.1
Proceeds from insurance and sales (purchases) of investments, net 1.9 1.9 3.1
Proceeds from sale of product line and venture investment 0.0 1.1 7.6
Payments for acquisitions, net of cash acquired, and venture investments (224.9) (39.5) (1,477.6)
Net cash used in investing activities (459.0) (332.7) (1,737.9) Close
Financing Activities      
Net increase (decrease) in borrowings with maturities of three months or less (36.6) 34.6 259.2
Additional long-term borrowings 394.9 0.0 791.7
Repayments of long-term debt and finance leases (255.9) (6.3) (13.4)
Dividends paid (256.7) (238.9) (220.6)
Share repurchases (137.5) (379.5) (180.9)
Net (tax withholding) proceeds related to stock-based compensation (23.8) (25.1) (25.4)
Other (1.6) 0.0 (6.3)
Net cash (used in) provided by financing activities (317.2) (615.2) 604.3 Close
Effect of foreign currency translation on cash balances (2.0) (8.6) (2.8) Close
Increase (decrease) in cash and cash equivalents 47.8 4.5 (89.6) Close
Cash and cash equivalents, beginning of year 167.2 162.7 252.3
Cash and cash equivalents, end of year $ 215.0 $ 167.2 $ 162.7