Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
shares in Thousands
Jul. 03, 2021
Dec. 31, 2020
Jun. 27, 2020
Current Assets      
Cash and Cash Equivalents, at Cost, Which Approximates Fair Value $ 590,200,000 $ 519,600,000 $ 541,500,000
Restricted cash 9,700,000 10,700,000 11,600,000
Short-Term Investments in Marketable Securities 800,000 56,700,000 800,000
Total Cash and Short-Term Investments in Marketable Securities 600,700,000 587,000,000.0 553,900,000
Accounts and Notes Receivable, less Allowances of $12.0, $8.5 and $8.1 503,300,000 337,600,000 452,600,000
Inventories      
Finished Goods 468,600,000 446,800,000 411,500,000
Work-In-Process 147,600,000 94,000,000.0 99,300,000
Raw Materials 218,900,000 171,000,000.0 166,100,000
Net Inventories 835,100,000 711,800,000 676,900,000
Prepaid Expenses and Other 48,900,000 34,100,000 30,700,000
Current Assets 1,988,000,000.0 1,670,500,000 1,714,100,000
Property      
Land 17,600,000 17,700,000 17,800,000
Buildings and Improvements 446,800,000 435,500,000 423,000,000.0
Equipment 1,244,400,000 1,184,900,000 1,124,500,000
Total Land, Buildings and Improvements and Equipment 1,708,800,000 1,638,100,000 1,565,300,000
Accumulated Depreciation (964,500,000) (929,800,000) (895,400,000)
Net Land, Buildings and Improvements and Equipment 744,300,000 708,300,000 669,900,000
Unamortized Product Tooling Costs 167,700,000 155,300,000 145,500,000
Net Property 912,000,000.0 863,600,000 815,400,000
Other Assets      
Goodwill 434,300,000 417,700,000 415,400,000
Other Intangibles, Net 536,300,000 552,300,000 567,100,000
Operating Lease Assets 85,900,000 83,000,000.0 81,900,000
Deferred Income Tax Asset 117,200,000 136,600,000 102,900,000
Equity Investments 41,400,000 32,500,000 29,400,000
Other Long-Term Assets 23,400,000 14,400,000 12,900,000
Other Assets 1,238,500,000 1,236,500,000 1,209,600,000
Total Assets 4,138,500,000 3,770,600,000 3,739,100,000
Current Liabilities      
Short-Term Debt and Current Maturities of Long-Term Debt 43,500,000 43,100,000 225,300,000
Accounts Payable 588,200,000 457,600,000 328,300,000
Accrued Expenses 619,600,000 578,500,000 501,000,000.0
Current Liabilities 1,251,300,000 1,079,200,000 1,054,600,000
Long-Term Liabilities      
Debt 832,000,000.0 908,300,000 1,060,400,000
Operating Lease Liabilities 69,500,000 69,800,000 69,000,000.0
Postretirement Benefits 71,900,000 74,700,000 71,800,000
Other 144,300,000 128,600,000 118,900,000
Long-Term Liabilities 1,117,700,000 1,181,400,000 1,320,100,000
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 380,100,000 383,800,000 366,500,000
Retained Earnings 2,527,200,000 2,225,700,000 2,032,800,000
Treasury Stock, at Cost: 23,424,000, 22,969,000 and 15,475,000 Shares (1,182,200,000) (1,133,700,000) (1,051,200,000)
Accumulated Other Comprehensive Loss (32,500,000) (42,700,000) (60,600,000)
Shareholders' Equity 1,769,500,000 1,510,000,000.0 1,364,400,000
Total Liabilities and Shareholders' Equity $ 4,138,500,000 $ 3,770,600,000 $ 3,739,100,000
Common Stock, Shares Authorized (in Shares) 200,000 200,000 200,000
Common Stock, Par Value (in Dollars per Share) $ 0.75 $ 0.75 $ 0.75
Common Stock, Shares Issued (in Shares) 102,538 102,538 102,538
Accounts and Notes Receivable, Allowances $ 10,300,000 $ 10,700,000 $ 12,100,000
Common Stock, Shares Outstanding (in Shares) 77,554 77,875 79,135
Treasury Stock, Shares (in Shares) 24,984 24,663 23,403