v3.25.2
Condensed Consolidated Statements Of Cash Flows (unaudited) - USD ($)
$ in Millions
6 Months Ended
Jul. 04, 2025
Jun. 28, 2024
Cash flow from operating activities:    
Net income $ 155.9 $ 1,373.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 98.8 125.8
Deferred income taxes (19.5) 50.4
Stock-based compensation 76.3 73.8
Divestitures gain, net (4.8) (1,717.6)
Other, net 41.4 8.7
(Increase) decrease in assets:    
Accounts receivable, net 202.7 114.8
Inventories 12.6 14.1
Other current and non-current assets (6.4) (5.9)
Increase (decrease) in liabilities:    
Accounts payable (12.5) 12.9
Accrued compensation and benefits (65.5) (18.5)
Deferred revenue (31.8) 55.5
Income taxes payable (308.5) 265.7
Other current and non-current liabilities (36.6) (31.9)
Net cash provided by operating activities 102.1 321.4
Cash flow from investing activities:    
Divestiture of businesses, net of cash divested (7.3) 1,927.0
Acquisitions of businesses, net of cash acquired (4.4) (21.8)
Purchases of property and equipment (12.5) (21.1)
Other, net (3.0) (13.0)
Net cash (used in) provided by investing activities (27.2) 1,871.1
Cash flow from financing activities:    
Issuance of common stock, net of tax withholdings (23.1) (22.2)
Repurchases of common stock (677.4) (175.0)
Proceeds from debt and revolving credit lines 348.3 521.2
Payments on debt and revolving credit lines (227.3) (1,799.3)
Other, net (3.1) (4.6)
Net cash used in financing activities (582.6) (1,479.9)
Effect of exchange rate changes on cash and cash equivalents 25.8 (7.4)
Net (decrease) increase in cash and cash equivalents (481.9) 705.2
Cash and cash equivalents - beginning of period [1] 747.8 238.9
Cash and cash equivalents - end of period 265.9 944.1
Supplemental cash flow disclosure:    
Cash paid for income taxes, excluding tax for the Ag divestiture 87.9 49.5
Cash tax paid for the Ag divestiture $ 277.4 $ 50.0
[1]
(1) Includes $9.0 million and $9.1 million of cash and cash equivalents classified as held for sale as of January 3, 2025 and December 29, 2023.