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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 30, 2024
Dec. 30, 2023
Current assets:    
Cash and cash equivalents $ 169,195 $ 203,041
Receivables, net 659,036 657,960
Inventories 668,743 658,428
Contract assets 191,483 175,721
Prepaid expenses and other current assets 91,114 92,479
Total current assets 1,779,571 1,787,629
Property, plant, and equipment, at cost 1,517,281 1,513,239
Less accumulated depreciation (908,878) (895,845)
Property, plant, and equipment, net 608,403 617,394
Goodwill 629,888 632,964
Other intangible assets, net 145,839 150,687
Defined pension benefit asset 33,433 15,404
Other non-current assets 268,247 273,370
Total assets 3,465,381 3,477,448
Current liabilities:    
Current installments of long-term debt 620 719
Notes payable to banks 2,029 3,205
Accounts payable 327,414 358,311
Accrued employee compensation and benefits 89,100 130,861
Contract liabilities 84,041 70,978
Other accrued expenses 149,222 146,903
Income taxes payable 10,295 0
Dividends payable 12,113 12,125
Total current liabilities 674,834 723,102
Deferred income taxes 26,508 21,205
Long-term debt, excluding current installments 1,107,644 1,107,885
Operating lease liabilities 157,279 162,743
Deferred compensation 33,148 32,623
Other non-current liabilities 11,697 12,818
Total liabilities 2,011,110 2,060,376
Redeemable noncontrolling interests 44,980 62,792
Shareholders' equity:    
Common stock of $1 par value, authorized 75,000,000 shares; issued 27,900,000 27,900 27,900
Additional paid-in capital 5,668 0
Retained earnings 2,719,315 2,643,606
Accumulated other comprehensive loss (295,211) (273,236)
Treasury stock (1,048,381) (1,043,990)
Total shareholders' equity 1,409,291 1,354,280
Total liabilities, redeemable noncontrolling interests, and shareholders' equity $ 3,465,381 $ 3,477,448