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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 29, 2024
Dec. 30, 2023
Current assets:    
Cash and cash equivalents $ 208.8 $ 215.0
Trade accounts receivable, less allowances of $36.7 and $34.4 at June 29, 2024 and December 30, 2023, respectively 1,528.6 1,414.9
Inventories 979.9 920.7
Other current assets 250.5 245.4
Total current assets 2,967.8 2,796.0
Property, plant and equipment, net 1,590.0 1,625.8
Goodwill 1,989.8 2,013.6
Other intangibles resulting from business acquisitions, net 800.9 849.1
Deferred tax assets 113.0 115.7
Other assets 836.7 809.6
Total assets 8,298.2 8,209.8 CloseClose
Current liabilities:     Close
Short-term borrowings and current portion of long-term debt and finance leases 1,172.3 622.2 Close
Accounts payable 1,313.4 1,277.1 Close
Accrued payroll and employee benefits 235.4 213.4 Close
Other current liabilities 579.1 586.8 Close
Total current liabilities 3,300.2 2,699.5
Long-term debt and finance leases 2,046.5 2,622.1 Close
Long-term retirement benefits and other liabilities 415.9 500.3 Close
Deferred tax liabilities and income taxes payable 248.5 260.0 Close
Commitments and contingencies (see Note 10) Close
Shareholders’ equity:    
Total Liabilities 6011.1 6081.9 0 0 0 Close
Common stock, $1 par value per share, authorized – 400,000,000 shares at June 29, 2024 and December 30, 2023; issued – 124,126,624 shares at June 29, 2024 and December 30, 2023; outstanding – 80,570,966 shares and 80,495,585 shares at June 29, 2024 and December 30, 2023, respectively 124.1 124.1 Close
Capital in excess of par value 833.1 854.5
Retained earnings 4,922.2 4,691.8
Treasury stock at cost, 43,555,658 shares and 43,631,039 shares at June 29, 2024 and December 30, 2023, respectively (3,154.6) (3,134.4)
Accumulated other comprehensive loss (437.7) (408.1)
Total shareholders’ equity 2,287.1 2,127.9 CloseClose
Total liabilities and shareholders' equity $ 8,298.2 $ 8,209.8