Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Apr. 01, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 351.3	$ 167.2
Trade accounts receivable, less allowances of $33.9 and $34.4 at April 1, 2023 and December 31, 2022, respectively	1,369.1	1,374.4
Inventories	1,050.6	1,009.9
Other current assets	218.2	230.5
Total current assets	2,989.2	2,782.0
Property, plant and equipment, net	1,565.6	1,540.2
Goodwill	1,887.5	1,862.4
Other intangibles resulting from business acquisitions, net	833.1	840.3
Deferred tax assets	118.3	115.1
Other assets	828.6	810.5
Total Assets	8,222.3	7,950.5
Current liabilities:
Short-term borrowings and current portion of long-term debt and finance leases	648.3	598.6
Accounts payable	1,236.2	1,339.3
Accrued payroll and employee benefits	188.0	228.5
Other current liabilities	571.2	633.4
Total current liabilities	2,643.7	2,799.8
Long-term debt and finance leases	2,910.8	2,503.5
Long-term retirement benefits and other liabilities	367.5	367.1
Deferred tax liabilities and income taxes payable	257.4	247.9
Commitments and contingencies (see Note 11)
Shareholders’ equity:
Common stock, $1 par value per share, authorized – 400,000,000 shares at April 1, 2023 and December 31, 2022; issued – 124,126,624 shares at April 1, 2023 and December 31, 2022; outstanding – 80,833,507 shares and 80,810,016 shares at April 1, 2023 and December 31, 2022, respectively	124.1	124.1
Capital in excess of par value	850.8	879.3
Retained earnings	4,486.4	4,414.6
Treasury stock at cost, 43,293,117 shares and 43,316,608 shares at April 1, 2023 and December 31, 2022, respectively	(3,057.4)	(3,021.8)
Accumulated other comprehensive loss	(361.0)	(364.0)
Total shareholders’ equity	2,042.9	2,032.2
Liabilities and Shareholders’ Equity	$ 8,222.3	$ 7,950.5