Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2025	Dec. 28, 2024
Current assets:
Cash and cash equivalents	$ 202.8	$ 329.1
Trade accounts receivable, less allowances of $28.1 and $29.0 at year-end 2025 and 2024, respectively	1,503.9	1,466.2
Inventories	975.8	978.1
Other current assets	307.8	305.3
Total current assets	2,990.3	3,078.7
Property, plant and equipment, net	1,607.7	1,586.7
Goodwill	2,272.5	1,976.2
Other intangibles resulting from business acquisitions, net	827.5	755.3
Deferred tax assets	125.3	110.0
Other assets	978.4	897.3
Total assets	8,801.7	8,404.2
Current liabilities:
Short-term borrowings and current portion of long-term debt and finance leases	522.9	592.3
Accounts payable	1,261.7	1,340.7
Accrued payroll and employee benefits	232.7	288.9
Accrued trade rebates	169.8	157.9
Income taxes payable	86.1	74.7
Other current liabilities	380.4	408.1
Total current liabilities	2,653.6	2,862.6
Long-term debt and finance leases	3,210.0	2,559.9
Long-term retirement benefits and other liabilities	432.0	434.6
Deferred tax liabilities and income taxes payable	264.0	234.8
Commitments and contingencies (see Notes 7 and 8)
Shareholders’ equity:
Common stock, $1 par value per share, authorized – 400,000,000 shares at year-end 2025 and 2024; issued – 124,126,624 shares at year-end 2025 and 2024; outstanding – 76,877,487 and 79,800,396 shares at year-end 2025 and 2024, respectively	124.1	124.1
Capital in excess of par value	834.3	840.6
Retained earnings	5,597.5	5,151.2
Treasury stock at cost, 47,249,137 and 44,326,228 shares at year-end 2025 and 2024, respectively	(3,904.1)	(3,347.5)
Accumulated other comprehensive loss	(409.7)	(456.1)
Total shareholders’ equity	2,242.1	2,312.3
Total liabilities and shareholders' equity	$ 8,801.7	$ 8,404.2