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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 28, 2019
Dec. 29, 2018
Current assets:    
Cash and cash equivalents $ 253.7 $ 232.0
Trade accounts receivable, less allowances of $27.1 and $21.1 at year-end 2019 and 2018, respectively 1,212.2 1,189.7
Inventories, net 663.0 651.4
Other current assets 211.7 224.9
Total current assets 2,340.6 2,298.0
Property, plant and equipment, net 1,210.7 1,137.4
Goodwill 930.8 941.8
Other intangibles resulting from business acquisitions, net 126.5 144.0
Deferred tax assets 225.4 205.3
Other assets 654.8 451.0
Total assets 5,488.8 5,177.5
Current liabilities:    
Short-term borrowings and current portion of long-term debt and finance leases 440.2 194.6
Accounts payable 1,066.1 1,030.5
Accrued payroll and employee benefits 220.4 217.9
Accrued trade rebates 132.4 129.8
Income taxes payable 71.4 58.1
Other current liabilities 323.3 363.1
Total current liabilities 2,253.8 1,994.0
Long-term debt and finance leases 1,499.3 1,771.6
Long-term retirement benefits and other liabilities 421.4 334.7
Deferred tax liabilities and income taxes payable 110.3 122.1
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 2019 and 2018; issued - 124,126,624 shares at year-end 2019 and 2018; outstanding - 83,366,840 and 84,723,655 shares at year-end 2019 and 2018, respectively 124.1 124.1
Capital in excess of par value 874.0 872.0
Retained earnings 2,979.1 2,864.9
Treasury stock at cost, 40,759,784 and 39,402,969 shares at year-end 2019 and 2018, respectively (2,425.1) (2,223.9)
Accumulated other comprehensive loss (348.1) (682.0)
Total shareholders' equity 1,204.0 955.1
Total liabilities and shareholders' equity $ 5,488.8 $ 5,177.5