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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 27, 2020
Dec. 28, 2019
Current assets    
Cash and cash equivalents $ 639.7 $ 635.3
Trade accounts receivable 655.3 694.7
Inventories 498.8 475.1
Taxes receivable 30.3 22.1
Prepaid expenses and other assets 135.3 131.4
Total current assets 1,959.4 1,958.6
Non-current assets    
Property, plant and equipment, net 671.2 727.9
Goodwill 1,982.6 2,060.5
Pension surplus 36.3 38.1
Intangible assets, net 1,791.2 1,876.0
Operating lease right-of-use assets 118.2 123.0
Taxes receivable 24.1 23.0
Deferred income taxes 575.7 587.1
Other non-current assets 17.6 17.1
Total assets 7,176.3 7,411.3
Current liabilities    
Debt, current portion 63.5 46.1
Trade accounts payable 317.8 374.7
Taxes payable 25.5 48.5
Accrued expenses and other current liabilities 222.5 188.8
Total current liabilities 629.3 658.1
Non-current liabilities    
Debt, less current portion 2,906.9 2,912.3
Post-retirement benefit obligations 146.4 151.2
Lease liabilities 111.2 116.2
Taxes payable 106.2 108.8
Deferred income taxes 333.9 369.3
Other non-current liabilities 100.7 84.7
Total liabilities 4,334.6 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: 290,754,856 (December 28, 2019: authorized shares: 3,000,000,000; outstanding shares: 290,157,299) 2.9 2.9
—Additional paid-in capital 2,445.4 2,434.5
—Accumulated other comprehensive loss (1,036.2) (858.4)
—Retained earnings 1,085.2 1,072.0
Total shareholders’ equity 2,497.3 2,651.0
Non-controlling interests 344.4 359.7
Total equity 2,841.7 3,010.7
Total liabilities and equity $ 7,176.3 $ 7,411.3