Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 03, 2021	Jan. 02, 2021
Current assets:
Cash and cash equivalents	$ 344.8	$ 252.3
Trade accounts receivable, less allowances of $39.4 and $44.6 at July 3, 2021 and January 2, 2021, respectively	1,338.9	1,235.2
Inventories, net	824.8	717.2
Other current assets	233.1	211.5
Total current assets	2,741.6	2,416.2
Property, plant and equipment, net	1,344.8	1,343.7
Goodwill	1,145.0	1,136.4
Other intangibles resulting from business acquisitions, net	216.7	224.9
Deferred tax assets	188.5	197.7
Other assets	785.9	765.0
Total assets	6,422.5	6,083.9
Current liabilities:
Short-term borrowings and current portion of long-term debt and finance leases	33.6	64.7
Accounts payable	1,226.5	1,050.9
Accrued payroll and employee benefits	241.5	239.0
Other current liabilities	580.9	571.4
Total current liabilities	2,082.5	1,926.0
Long-term debt and finance leases	2,020.2	2,052.1
Long-term retirement benefits and other liabilities	506.9	503.6
Deferred tax liabilities and income taxes payable	109.3	117.3
Commitments and contingencies (see Note 12)
Shareholders' equity:
Common stock, $1 par value per share, authorized – 400,000,000 shares at July 3, 2021 and January 2, 2021; issued – 124,126,624 shares at July 3, 2021 and January 2, 2021; outstanding – 82,951,904 shares and 83,151,174 shares at July 3, 2021 and January 2, 2021, respectively	124.1	124.1
Capital in excess of par value	846.5	862.1
Retained earnings	3,637.3	3,349.3
Treasury stock at cost, 41,174,720 shares and 40,975,450 shares at July 3, 2021 and January 2, 2021, respectively	(2,576.7)	(2,501.0)
Accumulated other comprehensive loss	(327.6)	(349.6)
Total shareholders' equity	1,703.6	1,484.9
Total liabilities and shareholders' equity	$ 6,422.5	$ 6,083.9