CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 27, 2025	Dec. 28, 2024
Current assets:
Cash and cash equivalents	$ 536.3	$ 329.1
Trade accounts receivable, less allowances of $29.6 and $29.0 at September 27, 2025 and December 28, 2024, respectively	1,627.8	1,466.2
Inventories	1,037.4	978.1
Other current assets	322.2	305.3
Total current assets	3,523.7	3,078.7
Property, plant and equipment, net	1,579.9	1,586.7
Goodwill	2,029.5	1,976.2
Other intangibles resulting from business acquisitions, net	694.4	755.3
Deferred tax assets	132.3	110.0
Other assets	907.1	897.3
Total assets	8,866.9	8,404.2
Current liabilities:
Short-term borrowings and current portion of long-term debt and finance leases	578.8	592.3
Accounts payable	1,303.2	1,340.7
Accrued payroll and employee benefits	243.4	288.9
Other current liabilities	661.7	640.7
Total current liabilities	2,787.1	2,862.6
Long-term debt and finance leases	3,202.3	2,559.9
Long-term retirement benefits and other liabilities	436.7	434.6
Deferred tax liabilities and income taxes payable	229.8	234.8
Commitments and contingencies (see Note 10)
Shareholders’ equity:
Common stock, $1 par value per share, authorized – 400,000,000 shares at September 27, 2025 and December 28, 2024; issued – 124,126,624 shares at September 27, 2025 and December 28, 2024; outstanding – 77,545,388 shares and 79,800,396 shares at September 27, 2025 and December 28, 2024, respectively	124.1	124.1
Capital in excess of par value	829.6	840.6
Retained earnings	5,498.3	5,151.2
Treasury stock at cost, 46,581,236 shares and 44,326,228 shares at September 27, 2025 and December 28, 2024, respectively	(3,784.7)	(3,347.5)
Accumulated other comprehensive loss	(456.3)	(456.1)
Total shareholders’ equity	2,211.0	2,312.3
Total liabilities and shareholders’ equity	$ 8,866.9	$ 8,404.2

This element represents both deferred and payable income taxes. deferred income taxes are defined as the amount of deferred tax liability attributable to taxable temporary differences, net of deferred tax asset attributable to deductible temporary differences and carryforwards net of valuation allowances expected to be realized or consumed after one year (or the normal operating cycle, if longer). Noncurrent refundable income taxes are defined as the carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all domestic and foreign income tax obligations due beyond one year or the operating cycle, whichever is longer. Alternate captions include income taxes payable.

No definition available.