Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 01, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 217.1	$ 167.2
Trade accounts receivable, less allowances of $32.3 and $34.4 at July 1, 2023 and December 31, 2022, respectively	1,415.2	1,374.4
Inventories	990.5	1,009.9
Other current assets	228.2	230.5
Total current assets	2,851.0	2,782.0
Property, plant and equipment, net	1,567.0	1,540.2
Goodwill	1,985.1	1,862.4
Other intangibles resulting from business acquisitions, net	883.8	840.3
Deferred tax assets	119.7	115.1
Other assets	859.7	810.5
Total Assets	8,266.3	7,950.5
Current liabilities:
Short-term borrowings and current portion of long-term debt and finance leases	635.8	598.6
Accounts payable	1,234.8	1,339.3
Accrued payroll and employee benefits	178.9	228.5
Other current liabilities	559.2	633.4
Total current liabilities	2,608.7	2,799.8
Long-term debt and finance leases	2,909.7	2,503.5
Long-term retirement benefits and other liabilities	475.0	367.1
Deferred tax liabilities and income taxes payable	257.7	247.9
Commitments and contingencies (see Note 11)
Shareholders’ equity:
Common stock, $1 par value per share, authorized – 400,000,000 shares at July 1, 2023 and December 31, 2022; issued – 124,126,624 shares at July 1, 2023 and December 31, 2022; outstanding – 80,650,885 shares and 80,810,016 shares at July 1, 2023 and December 31, 2022, respectively	124.1	124.1
Capital in excess of par value	851.3	879.3
Retained earnings	4,526.9	4,414.6
Treasury stock at cost, 43,475,739 shares and 43,316,608 shares at July 1, 2023 and December 31, 2022, respectively	(3,093.9)	(3,021.8)
Accumulated other comprehensive loss	(393.2)	(364.0)
Total shareholders’ equity	2,015.2	2,032.2
Liabilities and Shareholders’ Equity	$ 8,266.3	$ 7,950.5