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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 224.4 $ 195.1
Trade accounts receivable, less allowances of $36.2 and $47.8 at year-end 2017 and 2016, respectively 1,180.3 1,001.0
Inventories, net 609.6 519.1
Refundable income taxes 28.9 30.3
Assets held for sale 6.3 6.8
Other current assets 188.4 152.5
Total current assets 2,237.9 1,904.8
Property, plant and equipment, net 1,097.9 915.2
Goodwill 985.1 793.6
Other intangibles resulting from business acquisitions, net 166.3 66.7
Non-current deferred income taxes 196.3 313.2
Other assets 453.4 402.9
Total assets 5,136.9 4,396.4
Current liabilities:    
Short-term borrowings and current portion of long-term debt and capital leases 265.4 579.1
Accounts payable 1,007.2 841.9
Accrued payroll and employee benefits 248.5 217.4
Accrued trade rebates 112.3 95.2
Income taxes payable 49.2 37.9
Other accrued liabilities 289.2 232.8
Total current liabilities 1,971.8 2,004.3
Long-term debt and capital leases 1,316.3 713.4
Long-term retirement benefits and other liabilities 629.3 660.9
Non-current deferred and payable income taxes 173.3 92.3
Commitments and contingencies (see Note 7 and 8)
Shareholders' equity:    
Common stock, $1 par value per share, authorized - 400,000,000 shares at year-end 2017 and 2016; issued - 124,126,624 shares at year-end 2017 and 2016; outstanding - 88,011,541 shares and 88,308,860 shares at year-end 2017 and 2016, respectively 124.1 124.1
Capital in excess of par value 862.6 852.0
Retained earnings 2,596.7 2,473.3
Treasury stock at cost, 36,115,083 shares and 35,817,764 shares at year-end 2017 and 2016, respectively (1,856.7) (1,772.0)
Accumulated other comprehensive loss (680.5) (751.9)
Total shareholders' equity 1,046.2 925.5
Total liabilities and shareholders' equity $ 5,136.9 $ 4,396.4