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Consolidated Statements of Shareholders' Equity - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
[1]
Common stock, $1 par value
Capital in excess of par value
Retained earnings
Retained earnings
Cumulative Effect, Period of Adoption, Adjustment
[1]
Treasury stock
Accumulated other comprehensive loss
Beginning balance at Dec. 31, 2022 $ 2,032.2   $ 124.1 $ 879.3 $ 4,414.6   $ (3,021.8) $ (364.0)
Increase (Decrease) in Stockholders' Equity                
Net income 503.0       503.0      
Other comprehensive income (loss), net of tax (44.1)             (44.1)
Repurchase of shares for treasury (137.5)           (137.5)  
Issuance of shares under stock-based compensation plans 0.6     (24.8) 8.9   16.5  
Contribution of shares to 401(k) plan 30.4       22.0   8.4  
Dividends (256.7)       (256.7)      
Ending balance at Dec. 30, 2023 2,127.9   124.1 854.5 4,691.8   (3,134.4) (408.1)
Increase (Decrease) in Stockholders' Equity                
Net income 704.9       704.9      
Other comprehensive income (loss), net of tax (48.0)             (48.0)
Repurchase of shares for treasury (247.5)           (247.5)  
Issuance of shares under stock-based compensation plans 20.6     (13.9) 7.7   26.8  
Contribution of shares to 401(k) plan 31.9       24.3   7.6  
Dividends (277.5)       (277.5)      
Ending balance at Dec. 28, 2024 2,312.3 $ 10.2 124.1 840.6 5,151.2 $ 10.2 (3,347.5) (456.1)
Increase (Decrease) in Stockholders' Equity                
Net income 688.0       688.0      
Other comprehensive income (loss), net of tax 46.4             46.4
Repurchase of shares for treasury (575.6)           (575.6)  
Issuance of shares under stock-based compensation plans 15.3     (6.3) 13.2   8.4  
Contribution of shares to 401(k) plan 33.9       23.3   10.6  
Dividends (288.4)       (288.4)      
Ending balance at Dec. 31, 2025 $ 2,242.1   $ 124.1 $ 834.3 $ 5,597.5   $ (3,904.1) $ (409.7)
[1] In the first quarter of 2025, we adopted accounting guidance that requires crypto assets to be measured at fair value, which resulted in an adjustment to reflect the difference between the carrying value of our holdings in crypto assets and their fair value as of the beginning of 2025. Crypto assets were not material to the Consolidated Financial Statements.