CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 29, 2024	Dec. 30, 2023
Current assets:
Cash and cash equivalents	$ 163,142	$ 203,041
Receivables, net	703,255	657,960
Inventories	633,232	658,428
Contract assets	191,846	175,721
Prepaid expenses and other current assets	92,560	92,479
Total current assets	1,784,035	1,787,629
Property, plant, and equipment, at cost	1,524,355	1,513,239
Less accumulated depreciation	(920,029)	(895,845)
Property, plant, and equipment, net	604,326	617,394
Goodwill	630,232	632,964
Other intangible assets, net	142,527	150,687
Defined pension benefit asset	33,853	15,404
Other non-current assets	262,229	273,370
Total assets	3,457,202	3,477,448
Current liabilities:
Current installments of long-term debt	569	719
Notes payable to banks	1,876	3,205
Accounts payable	353,729	358,311
Accrued employee compensation and benefits	108,009	130,861
Contract liabilities	68,811	70,978
Other accrued expenses	139,515	146,903
Income taxes payable	20,427	0
Dividends payable	12,098	12,125
Total current liabilities	705,034	723,102
Deferred income taxes	18,675	21,205
Long-term debt, excluding current installments	1,017,543	1,107,885
Operating lease liabilities	154,247	162,743
Deferred compensation	32,550	32,623
Other non-current liabilities	11,423	12,818
Total liabilities	1,939,472	2,060,376
Redeemable noncontrolling interests	46,249	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	5,135	0
Retained earnings	2,806,933	2,643,606
Accumulated other comprehensive loss	(313,829)	(273,236)
Treasury stock	(1,054,658)	(1,043,990)
Total shareholders' equity	1,471,481	1,354,280
Total liabilities, redeemable noncontrolling interests, and shareholders' equity	$ 3,457,202	$ 3,477,448

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).