XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 28, 2024
Dec. 30, 2023
Current assets:    
Cash and cash equivalents $ 212.7 $ 215.0
Trade accounts receivable, less allowances of $37.1 and $34.4 at September 28, 2024 and December 30, 2023, respectively 1,574.7 1,414.9
Inventories 1,013.5 920.7
Other current assets 283.8 245.4
Total current assets 3,084.7 2,796.0
Property, plant and equipment, net 1,612.3 1,625.8
Goodwill 2,012.7 2,013.6
Other intangibles resulting from business acquisitions, net 783.2 849.1
Deferred tax assets 110.9 115.7
Other assets 848.1 809.6
Total assets 8,451.9 8,209.8
Current liabilities:    
Short-term borrowings and current portion of long-term debt and finance leases 1,116.8 622.2
Accounts payable 1,343.2 1,277.1
Accrued payroll and employee benefits 275.0 213.4
Other current liabilities 614.0 586.8
Total current liabilities 3,349.0 2,699.5
Long-term debt and finance leases 2,042.1 2,622.1
Long-term retirement benefits and other liabilities 416.2 500.3
Deferred tax liabilities and income taxes payable 250.7 260.0
Commitments and contingencies (see Note 10)
Shareholders’ equity:    
Common stock, $1 par value per share, authorized – 400,000,000 shares at September 28, 2024 and December 30, 2023; issued – 124,126,624 shares at September 28, 2024 and December 30, 2023; outstanding – 80,440,716 shares and 80,495,585 shares at September 28, 2024 and December 30, 2023, respectively 124.1 124.1
Capital in excess of par value 839.8 854.5
Retained earnings 5,042.7 4,691.8
Treasury stock at cost, 43,685,908 shares and 43,631,039 shares at September 28, 2024 and December 30, 2023, respectively (3,212.3) (3,134.4)
Accumulated other comprehensive loss (400.4) (408.1)
Total shareholders’ equity 2,393.9 2,127.9
Total liabilities and shareholders' equity $ 8,451.9 $ 8,209.8