Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 01, 2022
Dec. 31, 2021
Oct. 02, 2021
Current Assets      
Cash and Cash Equivalents, at Cost, Which Approximates Fair Value $ 457.4 $ 354.5 $ 1,486.4
Restricted cash 11.7 12.2 10.9
Short-Term Investments in Marketable Securities 34.5 0.8 0.8
Total Cash and Short-Term Investments in Marketable Securities 503.6 367.5 1,498.1
Accounts and Notes Receivable, less Allowances of $12.0, $8.5 and $8.1 557.7 485.3 451.1
Inventories      
Finished Goods 754.4 685.5 520.2
Work-In-Process 224.0 176.8 162.7
Raw Materials 451.4 345.7 257.6
Net Inventories 1,429.8 1,208.0 940.5
Prepaid Expenses and Other 103.9 63.8 52.3
Current Assets 2,595.0 2,124.6 2,942.0
Property      
Land 42.2 34.7 18.9
Buildings and Improvements 547.2 479.3 453.3
Equipment 1,425.1 1,332.4 1,299.5
Total Land, Buildings and Improvements and Equipment 2,014.5 1,846.4 1,771.7
Accumulated Depreciation (1,031.0) (989.6) (982.6)
Net Land, Buildings and Improvements and Equipment 983.5 856.8 789.1
Unamortized Product Tooling Costs 237.6 190.1 172.4
Net Property 1,221.1 1,046.9 961.5
Other Assets      
Goodwill 962.2 888.4 443.8
Other Intangibles, Net 1,005.4 1,052.1 549.2
Operating Lease Assets 111.4 92.8 83.1
Deferred Income Tax Asset 137.7 146.0 132.7
Equity Investments 47.7 43.8 41.3
Other Long-Term Assets 44.4 30.4 27.0
Other Assets 2,308.8 2,253.5 1,277.1
Total Assets 6,124.9 5,425.0 5,180.6
Current Liabilities      
Short-Term Debt and Current Maturities of Long-Term Debt 84.9 37.4 43.2
Accounts Payable 631.6 693.5 589.8
Accrued Expenses 662.8 711.3 623.3
Current Liabilities 1,379.3 1,442.2 1,256.3
Long-Term Liabilities      
Debt 2,419.1 1,779.0 1,787.7
Operating Lease Liabilities 95.7 75.5 67.6
Postretirement Benefits 62.7 66.5 70.8
Other 167.1 147.6 148.5
Long-Term Liabilities 2,744.6 2,068.6 2,074.6
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 386.0 394.5 388.3
Retained Earnings 3,173.0 2,720.1 2,644.5
Treasury Stock, at Cost: 23,424,000, 22,969,000 and 15,475,000 Shares (1,595.2) (1,245.8) (1,225.0)
Accumulated Other Comprehensive Loss (39.7) (31.5) (35.0)
Shareholders' Equity 2,001.0 1,914.2 1,849.7
Total Liabilities and Shareholders' Equity $ 6,124.9 $ 5,425.0 $ 5,180.6
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 $ 8.9 $ 9.7 $ 10.3
Common Stock, Shares Outstanding (in Shares) 72,612,000 76,933,000 77,134,000
Treasury Stock, Shares (in Shares) 29,926,000 25,605,000 25,404,000