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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jan. 02, 2016
Jan. 03, 2015
Current assets:    
Cash and cash equivalents $ 158.8 $ 207.2
Trade accounts receivable, less allowances of $31.5 and $30.5 at year-end 2015 and 2014, respectively 964.7 958.1
Inventories, net 478.7 491.8
Current deferred and refundable income taxes 30.9 107.5
Assets held for sale 2.5 0.8
Other current assets 139.8 155.9
Total current assets 1,775.4 1,921.3
Property, plant and equipment, net 847.9 875.3
Goodwill 686.2 721.6
Other intangibles resulting from business acquisitions, net 45.8 67.4
Non-current deferred income taxes 372.2 312.9
Other assets 406.2 458.4
Total assets 4,133.7 4,356.9
Current liabilities:    
Short-term borrowings and current portion of long-term debt and capital leases 95.3 204.3
Accounts payable 814.6 797.8
Accrued payroll and employee benefits 194.6 173.7
Accrued trade rebates 85.4 90.5
Current deferred and payable income taxes 45.1 60.1
Other accrued liabilities 224.1 266.6
Total current liabilities 1,459.1 1,593.0
Long-term debt and capital leases 963.6 940.1
Long-term retirement benefits and other liabilities 637.4 648.3
Non-current deferred and payable income taxes $ 107.9 $ 127.8
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 2015 and 2014; issued - 124,126,624 shares at year-end 2015 and 2014; outstanding - 89,967,697 shares and 90,458,956 shares at year-end 2015 and 2014, respectively $ 124.1 $ 124.1
Capital in excess of par value 834.0 823.9
Retained earnings 2,277.6 2,116.5
Treasury stock at cost, 34,158,927 shares and 33,667,668 shares at year-end 2015 and 2014, respectively (1,587.0) (1,471.3)
Accumulated other comprehensive loss (683.0) (545.5)
Total shareholders' equity 965.7 1,047.7
Total liabilities and shareholders' equity $ 4,133.7 $ 4,356.9