Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Oct. 01, 2022	Jan. 01, 2022
Current assets:
Cash and cash equivalents	$ 128.2	$ 162.7
Trade accounts receivable, less allowances of $32.7 and $33 at October 1, 2022 and January 1, 2022, respectively	1,585.6	1,424.5
Inventories	1,014.4	907.2
Other current assets	233.6	240.2
Total current assets	2,961.8	2,734.6
Property, plant and equipment, net	1,442.6	1,477.7
Goodwill	1,824.8	1,881.5
Other intangibles resulting from business acquisitions, net	855.1	911.4
Deferred tax assets	118.1	130.2
Other assets	839.9	836.2
Total Assets	8,042.3	7,971.6
Current liabilities:
Short-term borrowings and current portion of long-term debt and finance leases	669.9	318.8
Accounts payable	1,383.1	1,298.8
Accrued payroll and employee benefits	236.7	299.0
Other current liabilities	649.6	631.3
Total current liabilities	2,939.3	2,547.9
Long-term debt and finance leases	2,462.9	2,785.9
Long-term retirement benefits and other liabilities	414.6	474.9
Deferred tax liabilities and income taxes payable	218.2	238.5
Commitments and contingencies (see Note 11)
Shareholders’ equity:
Common stock, $1 par value per share, authorized – 400,000,000 shares at October 1, 2022 and January 1, 2022; issued – 124,126,624 shares at October 1, 2022 and January 1, 2022; outstanding – 81,120,940 shares and 82,605,953 shares at October 1, 2022 and January 1, 2022, respectively	124.1	124.1
Capital in excess of par value	866.5	862.3
Retained earnings	4,347.0	3,880.7
Treasury stock at cost, 43,005,684 shares and 41,520,671 shares at October 1, 2022 and January 1, 2022, respectively	(2,962.3)	(2,659.8)
Accumulated other comprehensive loss	(368.0)	(282.9)
Total shareholders’ equity	2,007.3	1,924.4
Liabilities and Shareholders’ Equity	$ 8,042.3	$ 7,971.6