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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 203,041 $ 185,406
Receivables, less allowance of $32,897 and $20,890, respectively 657,960 604,181
Inventories 658,428 728,762
Contract assets 175,721 174,539
Prepaid expenses and other current assets 91,754 87,697
Refundable income taxes 725  
Total current assets 1,787,629 1,780,585
Property, plant, and equipment, at cost 1,513,239 1,433,151
Less accumulated depreciation (895,845) (837,573)
Property, plant, and equipment, net 617,394 595,578
Goodwill 632,964 739,861
Other intangible assets, net 150,687 176,615
Defined pension benefit asset 15,404 24,216
Other non-current assets 273,370 240,141
Total assets 3,477,448 3,556,996
Current liabilities:    
Current installments of long-term debt 719 1,194
Notes payable to banks 3,205 5,846
Accounts payable 358,311 360,312
Accrued employee compensation and benefits 130,861 124,355
Contract liabilities 70,978 172,915
Other accrued expenses 146,903 123,965
Income taxes payable   3,664
Dividends payable 12,125 11,742
Total current liabilities 723,102 803,993
Deferred income taxes 21,205 41,091
Long-term debt, excluding current installments 1,107,885 870,935
Operating lease liabilities 162,743 155,469
Deferred compensation 32,623 30,316
Other non-current liabilities 12,818 13,480
Total liabilities 2,060,376 1,915,284
Redeemable noncontrolling interests 62,792 60,865
Shareholders' equity:    
Common stock of $1 par value, authorized 75,000,000 shares; 27,900,000 issued 27,900 27,900
Retained earnings 2,643,606 2,593,039
Accumulated other comprehensive loss (273,236) (274,909)
Treasury stock, at cost, common shares of 7,691,192 and 6,549,833, respectively (1,043,990) (765,183)
Total shareholders' equity 1,354,280 1,580,847
Total liabilities, redeemable noncontrolling interests, and shareholders' equity $ 3,477,448 $ 3,556,996