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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 28, 2020
Dec. 28, 2019
Current assets    
Cash and cash equivalents $ 626.3 $ 635.3
Trade accounts receivable 717.2 694.7
Inventories 484.4 475.1
Taxes receivable 32.5 22.1
Prepaid expenses and other assets 137.5 131.4
Total current assets 1,997.9 1,958.6
Non-current assets    
Property, plant and equipment, net 683.0 727.9
Goodwill 1,957.7 2,060.5
Pension surplus 36.2 38.1
Intangible assets, net 1,809.9 1,876.0
Operating lease right-of-use assets 118.3 123.0
Taxes receivable 24.1 23.0
Deferred income taxes 542.4 587.1
Other non-current assets 15.3 17.1
Total assets 7,184.8 7,411.3
Current liabilities    
Debt, current portion 54.9 46.1
Trade accounts payable 383.0 374.7
Taxes payable 26.5 48.5
Accrued expenses and other current liabilities 203.3 188.8
Total current liabilities 667.7 658.1
Non-current liabilities    
Debt, less current portion 2,901.9 2,912.3
Post-retirement benefit obligations 146.8 151.2
Lease liabilities 111.8 116.2
Taxes payable 104.8 108.8
Deferred income taxes 322.7 369.3
Other non-current liabilities 87.7 84.7
Total liabilities 4,343.4 4,400.6
Commitments and contingencies (note 18)
Shareholders’ equity    
—Shares, par value of $0.01 each - authorized shares: 3,000,000,000 ; outstanding shares: 290,666,538 (December 28, 2019: authorized shares: 3,000,000,000; outstanding shares: 290,157,299) 2.9 2.9
—Additional paid-in capital 2,440.1 2,434.5
—Accumulated other comprehensive loss (1,065.8) (858.4)
—Retained earnings 1,107.6 1,072.0
Total shareholders’ equity 2,484.8 2,651.0
Non-controlling interests 356.6 359.7
Total equity 2,841.4 3,010.7
Total liabilities and equity $ 7,184.8 $ 7,411.3