v3.26.1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jul. 03, 2026
Jun. 27, 2025
Cash flows from operating activities:    
Net earnings $ 121.7 $ 179.8
Non-cash items:    
Depreciation expense 25.5 25.7
Amortization of acquisition-related intangible assets 32.7 38.8
Stock-based compensation expense 16.4 16.1
Loss on sale of business 86.2 0.0
Change in deferred income taxes 3.9 (9.7)
Other non-cash items 1.9 11.6
Change in accounts receivable and long-term financing receivables, net (52.2) 17.5
Change in other operating assets and liabilities (73.3) (69.4)
Net cash provided by operating activities 162.8 210.4
Cash flows from investing activities:    
Proceeds from sale of business, net of cash provided 77.2 0.0
Cash paid for acquisitions 0.0 (10.3)
Payments for additions to property, plant and equipment (43.1) (34.4)
Proceeds from sale of property, plant and equipment 0.0 0.1
Cash paid for equity investments (1.5) (0.1)
Proceeds from sale of equity investments 1.0 0.0
Net cash provided by (used in) investing activities 33.6 (44.7)
Cash flows from financing activities:    
Proceeds from issuance of short-term debt 300.0 0.0
Proceeds from issuance of long-term debt 70.0 83.3
Repayment of long-term debt (570.0) (133.3)
Net proceeds from (repayments of) short-term borrowings 3.0 (1.4)
Payments for debt issuance costs (0.4) (2.3)
Payments of common stock cash dividend (7.1) (7.4)
Purchases of treasury stock (200.0) (105.1)
Proceeds from stock option exercises 2.4 3.1
Other financing activities (16.8) (11.5)
Net cash used in financing activities (418.9) (174.6)
Effect of exchange rate changes on cash and cash equivalents (3.9) 16.7
Net change in cash and cash equivalents (226.4) 7.8
Beginning balance of cash and cash equivalents 492.2 356.4
Ending balance of cash and cash equivalents $ 265.8 $ 364.2