Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Jan. 03, 2026	Dec. 28, 2024	Dec. 30, 2023
Operating Activities:
Net earnings (loss)	$ 401.9	$ 294.3	$ (310.5)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Depreciation and amortization of property, plant and equipment	365.6	426.3	432.4
Amortization of intangibles	146.8	163.2	192.7
Loss on sales of businesses	0.3	0.0	10.8
(Gain) loss on sale of discontinued operations	0.0	(10.4)	14.3
Asset impairment charges	189.5	72.4	274.8
Stock-based compensation expense	94.1	105.4	83.8
Provision for credit losses	18.4	22.2	8.7
Deferred tax benefit	(64.4)	(227.2)	(424.3)
Other non-cash items	67.3	186.3	154.5
Changes in operating assets and liabilities:
Accounts receivable	190.0	58.2	(117.0)
Inventories	258.5	93.0	906.6
Accounts payable	(284.6)	173.3	(23.0)
Deferred revenue	(4.5)	(3.0)	2.4
Other current assets	44.8	7.1	115.6
Other long-term assets	45.6	(49.7)	(175.7)
Accrued expenses	(204.1)	(230.5)	(25.6)
Defined benefit liabilities	(34.0)	(40.9)	(42.2)
Other long-term liabilities	(260.0)	66.9	113.0
Net cash provided by operating activities	971.2	1,106.9	1,191.3
Investing Activities:
Capital and software expenditures	(283.3)	(353.9)	(338.7)
Sales of assets	16.9	14.8	15.1
Sales of businesses, net of cash sold	5.0	735.6	(5.7)
Other	(0.1)	(2.3)	1.6
Net cash (used in) provided by investing activities	(261.5)	394.2	(327.7)
Financing Activities:
Payments on long-term debt	(850.5)	0.0	0.0
Proceeds from debt issuances, net of fees	0.0	0.0	745.3
Net short-term commercial paper borrowings (repayments)	572.9	(1,056.9)	(1,044.7)
Purchases of common stock for treasury	(20.1)	(17.7)	(16.1)
Proceeds from issuances of common stock	8.9	24.8	19.0
Craftsman contingent consideration payments	0.0	0.0	(18.0)
Cash dividends on common stock	(500.6)	(491.2)	(482.6)
Other	(5.0)	(15.7)	(18.9)
Net cash used in financing activities	(794.4)	(1,556.7)	(816.0)
Effect of exchange rate changes on cash and cash equivalents	79.3	(106.2)	2.1
Change in cash, cash equivalents and restricted cash	(5.4)	(161.8)	49.7
Cash, cash equivalents and restricted cash, beginning of year	292.8	454.6	404.9
Cash, cash equivalents and restricted cash, end of year	287.4	292.8	454.6
Supplemental Cash Flow Information [Abstract]
Cash and cash equivalents	280.1	290.5
Restricted cash included in Other current assets	7.3	2.3
Cash, cash equivalents and restricted cash	$ 287.4	$ 292.8	$ 454.6

STANLEY BLACK & DECKER, INC. 10-K