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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 29, 2018
Dec. 30, 2017
Current assets:    
Cash and cash equivalents $ 232.0 $ 224.4
Trade accounts receivable, less allowances of $21.1 and $36.2 at year-end 2018 and 2017, respectively 1,189.7 1,180.3
Inventories, net 651.4 609.6
Refundable income taxes 27.0 28.9
Assets held for sale 3.6 6.3
Other current assets 194.3 188.4
Total current assets 2,298.0 2,237.9
Property, plant and equipment, net 1,137.4 1,097.9
Goodwill 941.8 985.1
Other intangibles resulting from business acquisitions, net 144.0 166.3
Non-current deferred income taxes 205.3 196.3
Other assets 451.0 453.4
Total assets 5,177.5 5,136.9
Current liabilities:    
Short-term borrowings and current portion of long-term debt and capital leases 194.6 265.4
Accounts payable 1,030.5 1,007.2
Accrued payroll and employee benefits 217.9 248.5
Accrued trade rebates 129.8 112.3
Income taxes payable 58.1 49.2
Other accrued liabilities 363.1 289.2
Total current liabilities 1,994.0 1,971.8
Long-term debt and capital leases 1,771.6 1,316.3
Long-term retirement benefits and other liabilities 334.7 629.3
Non-current deferred and payable income taxes 122.1 173.3
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 2018 and 2017; issued - 124,126,624 shares at year-end 2018 and 2017; outstanding - 84,723,655 shares and 88,011,541 shares at year-end 2018 and 2017, respectively 124.1 124.1
Capital in excess of par value 872.0 862.6
Retained earnings 2,864.9 2,596.7
Treasury stock at cost, 39,402,969 shares and 36,115,083 shares at year-end 2018 and 2017, respectively (2,223.9) (1,856.7)
Accumulated other comprehensive loss (682.0) (680.5)
Total shareholders' equity 955.1 1,046.2
Total liabilities and shareholders' equity $ 5,177.5 $ 5,136.9