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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 26, 2020
Dec. 28, 2019
Current assets:    
Cash and cash equivalents $ 284.7 $ 253.7
Trade accounts receivable, less allowances of $45.8 and $27.1 at September 26, 2020 and December 28, 2019, respectively 1,212.7 1,212.2
Inventories, net 662.6 663.0
Other current assets 214.5 211.7
Total current assets 2,374.5 2,340.6
Property, plant and equipment, net 1,233.9 1,210.7
Goodwill 1,059.3 930.8
Other intangibles resulting from business acquisitions, net 194.1 126.5
Deferred tax assets 203.3 225.4
Other assets 655.7 654.8
Total assets 5,720.8 5,488.8
Current liabilities:    
Short-term borrowings and current portion of long-term debt and finance leases 124.1 440.2
Accounts payable 932.8 1,066.1
Accrued payroll and employee benefits 218.7 220.4
Other current liabilities 540.4 527.1
Total current liabilities 1,816.0 2,253.8
Long-term debt and finance leases 2,020.0 1,499.3
Long-term retirement benefits and other liabilities 438.8 421.4
Deferred tax liabilities and income taxes payable 111.4 110.3
Commitments and contingencies (see Note 12)
Shareholders' equity:    
Common stock, $1 par value per share, authorized - 400,000,000 shares at September 26, 2020 and December 28, 2019; issued - 124,126,624 shares at September 26, 2020 and December 28, 2019; outstanding - 83,451,316 shares and 83,366,840 shares at September 26, 2020 and December 28, 2019, respectively 124.1 124.1
Capital in excess of par value 850.3 874.0
Retained earnings 3,205.5 2,979.1
Treasury stock at cost, 40,675,308 shares and 40,759,784 shares at September 26, 2020 and December 28, 2019, respectively (2,451.4) (2,425.1)
Accumulated other comprehensive loss (393.9) (348.1)
Total shareholders' equity 1,334.6 1,204.0
Total liabilities and shareholders' equity $ 5,720.8 $ 5,488.8