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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 28, 2024
Dec. 30, 2023
Current Assets    
Cash and cash equivalents $ 298.7 $ 449.4
Accounts and notes receivable, net 1,503.1 1,302.0
Inventories, net 4,630.0 4,738.6
Current assets held for sale 0.0 140.8
Prepaid expenses 365.5 360.5
Other current assets 33.6 26.0
Total Current Assets 6,830.9 7,017.3
Property, plant and equipment, net 2,063.0 2,169.9
Goodwill 8,004.4 7,995.9
Intangibles, net 3,787.1 3,949.6
Long-term assets held for sale 0.0 716.8
Other assets 1,796.4 1,814.3
Total Assets 22,481.8 23,663.8
Current Liabilities    
Short-term borrowings 387.4 1,074.8
Current maturities of long-term debt 500.2 1.1
Accounts payable 2,405.2 2,298.9
Accrued expenses 1,999.5 2,464.3
Current liabilities held for sale 0.0 44.1
Total Current Liabilities 5,292.3 5,883.2
Long-term debt 5,604.1 6,101.0
Deferred taxes 207.9 333.2
Post-retirement benefits 355.9 378.4
Long-term liabilities held for sale 0.0 84.8
Other liabilities 2,162.4 1,827.1
Commitments and Contingencies (Notes O and P)
Shareowners’ Equity    
Common stock, par value $2.50 per share: Authorized 300,000,000 shares in 2024 and 2023 Issued 176,902,738 shares in 2024 and 2023 442.3 442.3
Retained earnings 8,272.4 8,540.2
Additional paid in capital 5,086.5 5,059.0
Accumulated other comprehensive loss (2,095.4) (2,069.1)
Stockholders' equity subtotal 11,705.8 11,972.4
Less: cost of common stock in treasury (22,755,228 shares in 2024 and 23,282,650 shares in 2023) (2,846.6) (2,916.3)
Total Shareowners’ Equity 8,859.2 9,056.1
Total Liabilities and Shareowners’ Equity $ 22,481.8 $ 23,663.8