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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 29, 2024
Dec. 31, 2023
Jul. 01, 2023
Current Assets      
Cash and Cash Equivalents, at Cost, Which Approximates Fair Value $ 494.5 $ 467.8 $ 477.5
Restricted cash 16.2 11.1 11.0
Short-Term Investments in Marketable Securities 82.5 0.8 0.8
Total Cash and Short-Term Investments in Marketable Securities 593.2 479.7 489.3
Accounts and Notes Receivable, less Allowances of $12.0, $8.5 and $8.1 530.0 493.2 614.5
Inventories      
Finished Goods 1,008.0 932.0 839.8
Work-In-Process 170.8 181.6 208.9
Raw Materials 345.4 363.2 435.5
Net Inventories 1,524.2 1,476.8 1,484.2
Prepaid Expenses and Other 80.7 60.0 84.8
Current Assets 2,728.1 2,509.7 2,672.8
Property      
Land 44.0 44.1 42.8
Buildings and Improvements 626.6 619.7 596.4
Equipment 1,576.3 1,551.5 1,527.3
Total Land, Buildings and Improvements and Equipment 2,246.9 2,215.3 2,166.5
Accumulated Depreciation (1,176.9) (1,135.5) (1,094.6)
Net Land, Buildings and Improvements and Equipment 1,070.0 1,079.8 1,071.9
Unamortized Product Tooling Costs 230.3 236.0 242.2
Net Property 1,300.3 1,315.8 1,314.1
Other Assets      
Goodwill 1,024.1 1,030.7 974.6
Other Intangibles, Net 948.1 978.0 979.4
Operating Lease Assets 153.8 152.2 121.1
Deferred Income Tax Asset 186.5 186.8 149.8
Equity Investments 37.5 38.7 60.0
Other Long-Term Assets 17.3 18.6 18.3
Other Assets 2,367.3 2,405.0 2,303.2
Total Assets 6,395.7 6,230.5 6,290.1
Current Liabilities      
Short-Term Debt and Current Maturities of Long-Term Debt 454.7 454.7 88.3
Accounts Payable 447.9 558.0 549.4
Accrued Expenses 705.5 739.4 756.3
Current Liabilities 1,608.1 1,752.1 1,394.0
Long-Term Liabilities      
Debt 2,372.4 1,975.7 2,422.0
Operating Lease Liabilities 135.8 133.9 105.4
Postretirement Benefits 48.8 52.5 47.2
Other 204.8 216.5 207.5
Long-Term Liabilities 2,774.0 2,391.0 2,794.7
Shareholders' equity      
Common Stock; Authorized: 200,000,000 Shares, $0.75 Par Value; Issued: 102,538,000 Shares; Outstanding: 79,114,000, 79,569,000 and 87,063,000 Shares 76.9 76.9 76.9
Additional Paid-In Capital 389.2 392.0 383.8
Retained Earnings 3,708.1 3,596.9 3,478.7
Treasury Stock, at Cost: 23,424,000, 22,969,000 and 15,475,000 Shares (2,118.0) (1,952.7) (1,809.2)
Accumulated Other Comprehensive Loss (42.6) (25.7) (28.8)
Shareholders' Equity 2,013.6 2,087.4 2,101.4
Total Liabilities and Shareholders' Equity $ 6,395.7 $ 6,230.5 $ 6,290.1
Common Stock, Shares Authorized (in Shares) 200,000,000 200,000,000 200,000,000
Common Stock, Par Value (in Dollars per Share) $ 0.75 $ 0.75 $ 0.75
Common Stock, Shares Issued (in Shares) 102,538,000 102,538,000 102,538,000
Accounts and Notes Receivable, Allowances $ 10.0 $ 10.8 $ 10.5
Common Stock, Shares Outstanding (in Shares) 66,352,000 68,227,000 70,005,000
Treasury Stock, Shares (in Shares) 36,186,000 34,311,000 32,533,000
Deferred Income Taxes and Other Tax Liabilities, Noncurrent $ 12.2 $ 12.4 $ 12.6