| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Income tax settlements | |||||||||||
- | - | - | - | - | - | - | -49,000 | -73,400 | -36,200 | 8,800 | - |
Increase (Decrease) in Accounts Payable | |||||||||||
-169,100 | 211,000 | 240,400 | 159,700 | -9,700 | 71,700 | 105,000 | 109,100 | 214,200 | 77,300 | -57,300 | -32,900 |
Less: net earnings (loss) from discontinued operations | |||||||||||
- | - | - | - | - | - | - | - | - | - | -1,300 | - |
Add: net loss attributable to non-controlling interests | |||||||||||
- | - | - | - | - | - | - | - | - | - | 2,000 | 1,700 |
Net Earnings Attributable to Common Shareowners | |||||||||||
- | - | - | - | 883,700 | 760,900 | 490,300 | 883,800 | 674,600 | 198,200 | 224,300 | 306,900 |
OPERATING ACTIVITIES | |||||||||||
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | |||||||||||
958,000 | 605,800 | 1,226,900 | 967,600 | - | - | - | - | - | - | 227,600 | 308,600 |
Adjustments to reconcile net earnings to cash used in operating activities: | |||||||||||
Depreciation, Depletion and Amortization, Nonproduction | |||||||||||
372,800 | 331,200 | 296,900 | 263,600 | 256,900 | 263,400 | 238,000 | 237,900 | 228,500 | 203,400 | 95,500 | 183,000 |
Amortization of intangibles | |||||||||||
187,400 | 175,300 | 163,800 | 144,400 | 157,100 | 186,400 | 203,300 | 207,400 | 181,600 | 145,300 | 104,600 | - |
Gain (Loss) on Disposition of Business | |||||||||||
17,000 | -800 | 264,100 | 0 | 0 | - | - | 384,700 | -16,200 | 0 | - | - |
Gain (Loss) on Extinguishment of Debt | |||||||||||
-17,900 | 0 | 0 | - | - | - | -20,600 | -45,500 | 0 | 0 | - | - |
Asset impairments | |||||||||||
- | - | - | - | - | 63,100 | 40,900 | 10,800 | 600 | 24,100 | 6,800 | 17,100 |
Share-based Payment Arrangement, Noncash Expense | |||||||||||
88,800 | 76,500 | 78,700 | 81,200 | 67,900 | 57,100 | 66,400 | 89,700 | 68,900 | 85,100 | 20,700 | 13,900 |
Provision for Doubtful Accounts, Including Divestiture | |||||||||||
33,000 | 28,000 | 16,300 | 23,200 | 29,500 | 22,100 | 13,700 | 11,300 | 15,900 | 10,600 | 13,600 | 17,600 |
Inventory step-up amortization | |||||||||||
7,400 | 9,600 | 43,200 | 0 | 0 | - | - | 6,300 | 800 | 173,500 | - | - |
Changes in operating assets and liabilities: | |||||||||||
Income (Loss) from Equity Method Investments | |||||||||||
-11,200 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Deferred Income Tax Expense (Benefit) | |||||||||||
-17,900 | 191,100 | -103,000 | -25,700 | -1,300 | 42,400 | -135,700 | -50,400 | -8,700 | - | - | - |
Debt-fair value amortization | |||||||||||
- | - | - | - | - | - | - | -18,300 | -34,100 | -37,900 | - | - |
Other Noncash Income (Expense) | |||||||||||
13,800 | -10,100 | -24,400 | -40,000 | -28,600 | -12,300 | 0 | 28,500 | 12,200 | -3,800 | 7,800 | 36,900 |
Business acquisitions | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 575,000 |
Increase (Decrease) in Accounts Receivable | |||||||||||
-137,800 | 48,800 | 905,600 | 410,300 | 41,300 | -81,600 | -11,300 | 55,200 | -10,100 | -22,500 | -130,500 | -129,100 |
Increase (Decrease) in Inventories | |||||||||||
-137,700 | 401,600 | 303,000 | 23,900 | 54,700 | 175,900 | 101,900 | -11,400 | 90,200 | -35,300 | -152,800 | -26,500 |
Increase (Decrease) in Deferred Revenue | |||||||||||
8,500 | 1,500 | 1,600 | -12,000 | 7,700 | 12,800 | -1,100 | -17,600 | -6,000 | 1,500 | - | - |
Income taxes | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -17,300 |
Increase (Decrease) in Other Current Assets | |||||||||||
183,600 | 4,400 | 5,900 | 54,000 | -19,800 | -25,800 | -13,500 | 151,700 | -28,400 | -18,700 | 24,800 | 12,700 |
Increase (Decrease) in Other Noncurrent Assets | |||||||||||
37,300 | -28,900 | -84,900 | 67,100 | 11,500 | -39,200 | -29,100 | 145,500 | -43,900 | -15,000 | 31,100 | - |
Increase (Decrease) in Accrued Liabilities | |||||||||||
123,600 | 70,100 | 123,300 | 6,900 | -59,000 | 59,700 | -156,000 | 24,200 | 2,200 | 51,400 | -62,000 | 12,700 |
Increase (Decrease) in Other Noncurrent Liabilities | |||||||||||
-92,100 | 20,500 | 16,200 | 40,700 | -13,000 | -58,500 | 152,600 | 351,900 | -110,800 | 39,200 | 18,300 | 34,200 |
Other | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -32,400 |
Cash used in operating activities | |||||||||||
1,505,700 | 1,260,900 | 668,500 | 1,185,500 | 1,182,300 | 1,295,900 | 868,000 | 966,200 | 998,900 | 739,300 | 536,800 | 516,600 |
INVESTING ACTIVITIES | |||||||||||
Accrued expenses | |||||||||||
- | - | - | - | 12,600 | 13,200 | 11,800 | 15,200 | 21,100 | 14,600 | 24,400 | 16,600 |
Increase (Decrease) in Obligation, Pension and Other Postretirement Benefits | |||||||||||
-47,600 | -44,700 | -66,500 | -56,800 | -65,800 | -155,000 | -110,200 | -107,000 | -130,500 | -276,900 | -17,400 | -22,900 |
Capital and software expenditures | |||||||||||
424,700 | 492,100 | 442,400 | 347,000 | 311,400 | 291,000 | 340,300 | 372,900 | 302,100 | 185,500 | 93,400 | 94,600 |
Cash acquired from Black & Decker | |||||||||||
- | - | - | - | - | - | - | - | - | 949,400 | - | - |
Payments for (Proceeds from) Derivative Instrument, Investing Activities | |||||||||||
-8,000 | -25,700 | 23,300 | -104,700 | -137,700 | 61,400 | -3,600 | -5,800 | 3,100 | -30,100 | - | 19,100 |
Proceeds from Sale of Property, Plant, and Equipment | |||||||||||
100,100 | 45,200 | 50,200 | 10,600 | 29,100 | 15,400 | 4,000 | 9,600 | 29,400 | 11,000 | 2,500 | 4,300 |
Capitalized software | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 46,200 |
Payments to Acquire Businesses, Net of Cash Acquired | |||||||||||
685,400 | 524,600 | 2,583,500 | 59,300 | 17,600 | 3,200 | 933,900 | 707,300 | 1,179,600 | 550,300 | 24,300 | - |
Proceeds from Divestiture of Businesses, Net of Cash Divested | |||||||||||
76,600 | -3,000 | 756,900 | 24,000 | 0 | -3,900 | 93,500 | 1,260,600 | 27,100 | 0 | - | 204,600 |
Purchase of investments | |||||||||||
260,600 | 21,700 | 17,900 | - | - | - | - | - | - | - | - | - |
Supplemental Deferred Purchase Price | |||||||||||
0 | 0 | 704,700 | 345,100 | - | - | - | - | - | - | - | - |
Other | |||||||||||
22,600 | 18,600 | 11,500 | 17,000 | 42,800 | 38,100 | 25,300 | -13,100 | -36,000 | 14,900 | - | -23,200 |
Cash used in investing activities | |||||||||||
-1,208,600 | -989,100 | -1,566,800 | 61,100 | -205,000 | -382,200 | -1,198,400 | 182,700 | -1,464,300 | 269,600 | -115,200 | -464,600 |
FINANCING ACTIVITIES | |||||||||||
Payment on long-term debt | |||||||||||
1,150,000 | 977,500 | 2,800 | 0 | - | 46,600 | 302,200 | 1,422,300 | 403,200 | 515,800 | 64,500 | 44,900 |
Proceeds from debt issuances, net of fees | |||||||||||
- | - | - | - | - | - | 726,700 | 1,523,500 | 421,000 | 1,009,800 | - | 249,700 |
Stock purchase contract fees | |||||||||||
40,300 | 40,300 | 20,000 | 13,800 | 17,000 | 16,400 | 3,200 | 3,200 | 3,200 | 7,700 | 15,200 | 11,100 |
Proceeds from Issuance of Unsecured Debt | |||||||||||
496,200 | 990,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Net short-term borrowings | |||||||||||
-18,100 | 433,200 | -76,700 | 1,900 | 1,200 | -391,000 | 388,700 | -19,000 | 199,400 | 263,600 | 119,900 | -73,500 |
Premium paid on debt extinguishment | |||||||||||
- | - | - | - | - | - | 42,800 | 91,000 | 0 | 0 | - | - |
Payments to Noncontrolling Interests | |||||||||||
- | - | - | - | 33,500 | 0 | 0 | - | - | - | - | - |
Termination of interest rate swaps | |||||||||||
- | - | - | - | 0 | 33,400 | 0 | -58,200 | 0 | 0 | - | 16,200 |
Termination of interest rate swaps | |||||||||||
- | - | - | - | - | - | - | -102,600 | 0 | -48,400 | - | - |
Proceeds from issuances of common stock | |||||||||||
146,000 | 38,500 | 90,800 | 418,500 | 163,500 | 71,300 | 154,600 | 126,400 | 119,600 | 396,100 | 61,200 | 19,200 |
Purchases of common stock for treasury | |||||||||||
27,500 | 527,100 | 28,700 | 374,100 | 649,800 | 28,200 | 39,200 | 1,073,900 | 11,100 | 4,900 | 2,600 | 103,300 |
Cash dividends on common stock | |||||||||||
402,000 | 384,900 | 362,900 | 330,900 | 319,900 | 321,300 | 312,700 | 304,000 | 275,900 | 201,600 | 103,600 | 99,000 |
Proceeds from Issuance of Preferred Stock and Preference Stock | |||||||||||
735,000 | 0 | 726,000 | 0 | 632,500 | 0 | 0 | - | - | - | - | - |
Payments for Repurchase of Preferred Stock and Preference Stock | |||||||||||
- | - | - | - | 632,500 | 0 | 0 | - | - | - | - | - |
Cash Settlement on Forward Stock Purchase Contract | |||||||||||
- | - | - | 147,400 | 0 | 0 | 18,800 | 0 | 0 | - | - | - |
Payment on forward share purchase contract | |||||||||||
- | - | - | - | - | - | 350,000 | 0 | 0 | - | - | - |
Debt issuance costs | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1,500 |
Payments for Repurchase of Other Equity | |||||||||||
19,200 | 57,300 | 25,100 | 0 | 0 | - | 83,200 | 29,500 | 19,600 | 50,300 | 9,200 | - |
Other | |||||||||||
-12,600 | -36,200 | -5,400 | 12,700 | -20,100 | -600 | 0 | 0 | - | - | 4,800 | - |
Pre-tax loss (gain) on sale of businesses | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 126,500 |
Cash provided by financing activities | |||||||||||
-292,500 | -561,600 | 295,200 | -433,100 | -875,600 | -766,200 | 155,500 | -1,337,400 | -371,800 | 313,600 | -249,000 | -48,200 |
Effect of Exchange Rate on Cash and Cash Equivalents | |||||||||||
-1,400 | -53,900 | 81,000 | -101,700 | -132,900 | -147,100 | -44,900 | -2,400 | 1,300 | 22,200 | 13,900 | -32,600 |
Change in cash, cash equivalents and restricted cash | |||||||||||
3,200 | -343,700 | -522,100 | 711,800 | - | - | - | - | - | - | - | - |
Change in cash and cash equivalents | |||||||||||
- | - | - | - | -31,200 | 400 | -219,800 | -190,900 | -835,900 | 1,344,700 | 186,500 | -28,800 |