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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 28, 2025
Dec. 29, 2024
Sep. 29, 2024
Current assets      
Cash and cash equivalents, including restricted cash of $0.3, $0.3 and $0.3 $ 620.9 $ 695.0 $ 696.1
Short-term investments 0.0 0.0 489.3
Accounts receivable, net 995.2 919.8 1,069.2
Inventories 396.7 274.2 375.4
Prepaid expenses and other current assets 397.2 353.5 391.6
Total current assets 2,410.0 2,242.5 3,021.6
Property, plant and equipment, net of accumulated depreciation of $1,075.8, $1,100.8 and $1,026.7 243.0 302.6 331.6
Goodwill (Note 5) 1,256.5 2,278.2 2,278.9
Other intangible assets, net of accumulated amortization of $476.1, $1,350.5 and $421.2 470.9 518.4 539.5
Other assets 1,141.4 998.6 1,058.3
Total assets 5,521.8 6,340.3 7,229.9
Current liabilities      
Current portion of long-term debt 0.0 0.0 500.0
Accounts payable 381.4 341.5 420.3
Accrued liabilities 1,032.2 1,059.8 1,132.5
Total current liabilities 1,413.6 1,401.3 2,052.8
Long-term debt 3,318.8 3,380.8 3,462.6
Other liabilities 355.6 373.2 404.8
Total liabilities 5,088.0 5,155.3 5,920.2
Commitments and contingencies (Note 14)
Shareholders' equity      
Preference stock of $2.50 par value. Authorized 5,000,000 shares; none issued 0.0 0.0 0.0
Common stock of $0.50 par value. Authorized 600,000,000 shares; issued 220,286,736 shares at September 28, 2025, September 29, 2024, and December 29, 2024 110.1 110.1 110.1
Additional paid-in capital 2,670.4 2,632.2 2,609.5
Retained earnings 1,452.4 2,274.2 2,408.2
Accumulated other comprehensive loss (222.4) (246.4) (227.8)
Treasury stock, at cost; 79,963,865 shares at September 28, 2025; 80,798,468 shares at September 29, 2024; and 80,758,045 shares at December 29, 2024 (3,604.1) (3,612.5) (3,612.8)
Noncontrolling interests 27.4 27.4 22.5
Total shareholders' equity 433.8 1,185.0 1,309.7
Total liabilities, noncontrolling interests and shareholders' equity $ 5,521.8 $ 6,340.3 $ 7,229.9