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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 30, 2024
Dec. 30, 2023
Current assets:    
Cash and cash equivalents $ 185.7 $ 215.0
Trade accounts receivable, less allowances of $34.6 and $34.4 at March 30, 2024 and December 30, 2023, respectively 1,478.0 1,414.9
Inventories 972.5 920.7
Other current assets 250.6 245.4
Total current assets 2,886.8 2,796.0
Property, plant and equipment, net 1,598.2 1,625.8
Goodwill 1,993.7 2,013.6
Other intangibles resulting from business acquisitions, net 823.8 849.1
Deferred tax assets 115.5 115.7
Other assets 837.2 809.6
Total assets 8,255.2 8,209.8 CloseClose
Current liabilities:     Close
Short-term borrowings and current portion of long-term debt and finance leases 1,170.5 622.2 Close
Accounts payable 1,301.5 1,277.1 Close
Accrued payroll and employee benefits 203.4 213.4 Close
Other current liabilities 632.8 586.8 Close
Total current liabilities 3,308.2 2,699.5
Long-term debt and finance leases 2,069.9 2,622.1 Close
Long-term retirement benefits and other liabilities 418.5 500.3 Close
Deferred tax liabilities and income taxes payable 254.6 260.0 Close
Commitments and contingencies (see Note 10) Close
Shareholders’ equity:    
Total Liabilities 6051.2 6081.9 0 0 0 Close
Common stock, $1 par value per share, authorized – 400,000,000 shares at March 30, 2024 and December 30, 2023; issued – 124,126,624 shares at March 30, 2024 and December 30, 2023; outstanding – 80,597,091 shares and 80,495,585 shares at March 30, 2024 and December 30, 2023, respectively 124.1 124.1 Close
Capital in excess of par value 834.0 854.5
Retained earnings 4,809.1 4,691.8
Treasury stock at cost, 43,529,533 shares and 43,631,039 shares at March 30, 2024 and December 30, 2023, respectively (3,141.2) (3,134.4)
Accumulated other comprehensive loss (422.0) (408.1)
Total shareholders’ equity 2,204.0 2,127.9 CloseClose
Total liabilities and shareholders' equity $ 8,255.2 $ 8,209.8