Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 01, 2023
Dec. 31, 2022
Apr. 02, 2022
Current Assets      
Cash and Cash Equivalents, at Cost, Which Approximates Fair Value $ 387.8 $ 595.6 $ 680.1
Restricted cash 11.1 12.9 12.2
Short-Term Investments in Marketable Securities 0.8 4.5 6.8
Total Cash and Short-Term Investments in Marketable Securities 399.7 613.0 699.1
Accounts and Notes Receivable, less Allowances of $12.0, $8.5 and $8.1 698.0 543.0 664.7
Inventories      
Finished Goods 858.6 836.1 752.4
Work-In-Process 218.4 209.1 195.4
Raw Materials 429.0 426.2 397.9
Net Inventories 1,506.0 1,471.4 1,345.7
Prepaid Expenses and Other 74.7 67.8 81.7
Current Assets 2,678.4 2,695.2 2,791.2
Property      
Land 42.8 42.4 34.5
Buildings and Improvements 582.7 564.4 497.5
Equipment 1,506.7 1,488.1 1,351.8
Total Land, Buildings and Improvements and Equipment 2,132.2 2,094.9 1,883.8
Accumulated Depreciation (1,074.2) (1,051.4) (1,002.3)
Net Land, Buildings and Improvements and Equipment 1,058.0 1,043.5 881.5
Unamortized Product Tooling Costs 235.5 227.3 196.6
Net Property 1,293.5 1,270.8 1,078.1
Other Assets      
Goodwill 974.0 967.6 889.4
Other Intangibles, Net 992.4 997.4 1,038.4
Operating Lease Assets 122.6 114.8 92.4
Deferred Income Tax Asset 148.3 203.3 137.9
Equity Investments 61.5 54.0 48.1
Other Long-Term Assets 17.9 18.2 17.5
Other Assets 2,316.7 2,355.3 2,223.7
Total Assets 6,288.6 6,321.3 6,093.0
Current Liabilities      
Short-Term Debt and Current Maturities of Long-Term Debt 89.8 89.0 2.3
Accounts Payable 594.0 662.6 660.0
Accrued Expenses 754.8 738.3 665.9
Current Liabilities 1,438.6 1,489.9 1,328.2
Long-Term Liabilities      
Debt 2,420.5 2,420.0 2,498.2
Operating Lease Liabilities 106.3 97.8 72.2
Postretirement Benefits 48.3 49.5 65.5
Other 200.0 161.1 146.1
Long-Term Liabilities 2,787.5 2,789.1 2,784.9
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 76.9 76.9 76.9
Additional Paid-In Capital 376.0 391.3 374.5
Retained Earnings 3,372.3 3,288.5 2,866.3
Treasury Stock, at Cost: 23,424,000, 22,969,000 and 15,475,000 Shares (1,736.8) (1,684.9) (1,316.2)
Accumulated Other Comprehensive Loss (25.9) (29.5) (21.6)
Shareholders' Equity 2,062.5 2,042.3 1,979.9
Total Liabilities and Shareholders' Equity $ 6,288.6 $ 6,321.3 $ 6,093.0
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 $ 10.6 $ 10.2 $ 11.2
Common Stock, Shares Outstanding (in Shares) 70,891,000 71,365,000 76,338,000
Treasury Stock, Shares (in Shares) 31,647,000 31,173,000 26,200,000
Deferred Income Taxes and Other Tax Liabilities, Noncurrent $ 12.4 $ 60.7 $ 2.9