Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Apr. 02, 2022	Jan. 01, 2022
Current assets:
Cash and cash equivalents	$ 147.1	$ 162.7
Trade accounts receivable, less allowances of $39.5 and $33 at April 2, 2022 and January 1, 2022, respectively	1,551.4	1,424.5
Inventories	960.9	907.2
Other current assets	234.9	240.2
Total current assets	2,894.3	2,734.6
Property, plant and equipment, net	1,477.5	1,477.7
Goodwill	1,890.0	1,881.5
Other intangibles resulting from business acquisitions, net	910.8	911.4
Deferred tax assets	128.8	130.2
Other assets	837.4	836.2
Total Assets	8,138.8	7,971.6
Current liabilities:
Short-term borrowings and current portion of long-term debt and finance leases	494.9	318.8
Accounts payable	1,372.5	1,298.8
Accrued payroll and employee benefits	214.9	299.0
Other current liabilities	640.9	631.3
Total current liabilities	2,723.2	2,547.9
Long-term debt and finance leases	2,773.8	2,785.9
Long-term retirement benefits and other liabilities	465.0	474.9
Deferred tax liabilities and income taxes payable	244.3	238.5
Commitments and contingencies (see Note 11)
Shareholders’ equity:
Common stock, $1 par value per share, authorized – 400,000,000 shares at April 2, 2022 and January 1, 2022; issued – 124,126,624 shares at April 2, 2022 and January 1, 2022; outstanding – 82,014,117 shares and 82,605,953 shares at April 2, 2022 and January 1, 2022, respectively	124.1	124.1
Capital in excess of par value	844.6	862.3
Retained earnings	4,023.2	3,880.7
Treasury stock at cost, 42,112,507 shares and 41,520,671 shares at April 2, 2022 and January 1, 2022, respectively	(2,799.4)	(2,659.8)
Accumulated other comprehensive loss	(260.0)	(282.9)
Total shareholders’ equity	1,932.5	1,924.4
Liabilities and Shareholders’ Equity	$ 8,138.8	$ 7,971.6