Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Apr. 03, 2021
Dec. 31, 2020
Mar. 28, 2020
Current Assets      
Cash and Cash Equivalents, at Cost, Which Approximates Fair Value $ 471,900,000 $ 519,600,000 $ 502,900,000
Restricted cash 9,700,000 10,700,000 11,600,000
Short-Term Investments in Marketable Securities 7,300,000 56,700,000 800,000
Total Cash and Short-Term Investments in Marketable Securities 488,900,000 587,000,000.0 515,300,000
Accounts and Notes Receivable, less Allowances of $12.0, $8.5 and $8.1 539,100,000 337,600,000 465,400,000
Inventories      
Finished Goods 463,700,000 446,800,000 549,300,000
Work-In-Process 125,400,000 94,000,000.0 108,300,000
Raw Materials 176,500,000 171,000,000.0 182,500,000
Net Inventories 765,600,000 711,800,000 840,100,000
Prepaid Expenses and Other 42,100,000 34,100,000 49,000,000.0
Current Assets 1,835,700,000 1,670,500,000 1,869,800,000
Property      
Land 17,600,000 17,700,000 17,800,000
Buildings and Improvements 440,300,000 435,500,000 419,700,000
Equipment 1,198,200,000 1,184,900,000 1,107,300,000
Total Land, Buildings and Improvements and Equipment 1,656,100,000 1,638,100,000 1,544,800,000
Accumulated Depreciation (944,900,000) (929,800,000) (877,300,000)
Net Land, Buildings and Improvements and Equipment 711,200,000 708,300,000 667,500,000
Unamortized Product Tooling Costs 161,200,000 155,300,000 143,100,000
Net Property 872,400,000 863,600,000 810,600,000
Other Assets      
Goodwill 422,700,000 417,700,000 414,000,000.0
Other Intangibles, Net 544,300,000 552,300,000 575,000,000.0
Operating Lease Assets 80,700,000 83,000,000.0 82,300,000
Deferred Income Tax Asset 126,400,000 136,600,000 109,700,000
Equity Investments 36,300,000 32,500,000 31,300,000
Other Long-Term Assets 24,700,000 14,400,000 11,900,000
Other Assets 1,235,100,000 1,236,500,000 1,224,200,000
Total Assets 3,943,200,000 3,770,600,000 3,904,600,000
Current Liabilities      
Short-Term Debt and Current Maturities of Long-Term Debt 43,800,000 43,100,000 425,700,000
Accounts Payable 532,400,000 457,600,000 366,800,000
Accrued Expenses 552,800,000 578,500,000 493,700,000
Current Liabilities 1,129,000,000.0 1,079,200,000 1,286,200,000
Long-Term Liabilities      
Debt 900,900,000 908,300,000 1,069,000,000.0
Operating Lease Liabilities 64,900,000 69,800,000 69,600,000
Postretirement Benefits 72,300,000 74,700,000 72,100,000
Other 133,500,000 128,600,000 104,000,000.0
Long-Term Liabilities 1,171,600,000 1,181,400,000 1,314,700,000
Shareholders' equity      
Common Stock; Authorized: 200,000,000 Shares, $0.75 Par Value; Issued: 102,538,000 Shares; Outstanding: 79,114,000, 79,569,000 and 87,063,000 Shares 76,900,000 76,900,000 76,900,000
Additional Paid-In Capital 371,200,000 383,800,000 358,800,000
Retained Earnings 2,374,000,000.0 2,225,700,000 1,981,100,000
Treasury Stock, at Cost: 23,424,000, 22,969,000 and 15,475,000 Shares (1,142,400,000) (1,133,700,000) (1,051,800,000)
Accumulated Other Comprehensive Loss (37,100,000) (42,700,000) (61,300,000)
Shareholders' Equity 1,642,600,000 1,510,000,000.0 1,303,700,000
Total Liabilities and Shareholders' Equity $ 3,943,200,000 $ 3,770,600,000 $ 3,904,600,000
Common Stock, Shares Authorized (in Shares) 200,000,000 200,000,000 200,000,000
Common Stock, Par Value (in Dollars per Share) $ 0.75 $ 0.75 $ 0.75
Common Stock, Shares Issued (in Shares) 102,538,000 102,538,000 102,538,000
Accounts and Notes Receivable, Allowances $ 9,800,000 $ 10,700,000 $ 12,000,000.0
Common Stock, Shares Outstanding (in Shares) 77,941,000 77,875,000 79,114,000
Treasury Stock, Shares (in Shares) 24,597,000 24,663,000 23,424,000