XML 16 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 01, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 707,838 $ 561,559
Restricted cash 1,194 1,880
Trade accounts and notes receivable, net of allowance for credit losses of $5,341 and $5,443 511,435 535,485
Inventories, net 830,939 812,815
Deferred tax charges and refundable income taxes 38,845 47,618
Assets held-for-sale 247,932 246,531
Other current assets 118,864 129,297
Total current assets 2,457,047 2,335,185
Property, plant and equipment, net of accumulated depreciation of $820,644 and $770,093 1,464,420 1,393,337
Other assets:    
Right-of-use assets 91,383 94,940
Goodwill 4,247,504 4,408,331
Intangible assets, net of accumulated amortization of $691,514 and $636,872 1,742,336 1,841,955
Deferred tax assets and other noncurrent tax assets 29,795 28,867
Other 34,602 36,242
Total assets 10,067,087 10,138,857
Current liabilities:    
Short-term debt, including current portion of long-term debt 159,045 151,965
Accounts payable 167,177 172,488
Accrued payroll and related benefits 94,166 142,340
Accrued interest payable 66,192 25,571
Liabilities held-for-sale 11,617 10,637
Other accrued liabilities 179,525 160,873
Income taxes payable 103,901 98,057
Total current liabilities 781,623 761,931
Long-term debt, excluding current maturities, net of unamortized discount and debt issuance costs of $131,245 and $140,107 5,634,710 5,632,928
Pension benefit obligations and other liabilities 55,449 54,090
Deferred tax liabilities and other noncurrent tax liabilities 349,763 391,192
Long-term lease liability 77,319 80,716
Equity:    
Preferred stock, par value $.01; 5,000,000 shares authorized; none issued and outstanding as of April 1, 2023 and December 31, 2022 0 0
Common stock, par value $.01; 400,000,000 shares authorized; issued and outstanding shares as of April 1, 2023: 149,869,777 and 149,667,377, respectively; issued and outstanding shares as of December 31, 2022: 149,339,486 and 149,137,086, respectively 1,499 1,493
Treasury stock, at cost: 202,400 shares held as of April 1, 2023 and December 31, 2022 (7,112) (7,112)
Additional paid-in capital 2,244,984 2,205,325
Retained earnings 928,133 1,031,391
Accumulated other comprehensive loss 719 (13,097)
Total equity 3,168,223 3,218,000
Total liabilities and equity $ 10,067,087 $ 10,138,857