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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 30, 2024
Dec. 31, 2023
Apr. 01, 2023
Current Assets      
Cash and Cash Equivalents, at Cost, Which Approximates Fair Value $ 548.4 $ 467.8 $ 387.8
Restricted cash 11.1 11.1 11.1
Short-Term Investments in Marketable Securities 0.8 0.8 0.8
Total Cash and Short-Term Investments in Marketable Securities 560.3 479.7 399.7
Accounts and Notes Receivable, less Allowances of $12.0, $8.5 and $8.1 616.8 493.2 698.0
Inventories      
Finished Goods 1,028.1 932.0 858.6
Work-In-Process 166.0 181.6 218.4
Raw Materials 360.9 363.2 429.0
Net Inventories 1,555.0 1,476.8 1,506.0
Prepaid Expenses and Other 75.1 60.0 74.7
Current Assets 2,807.2 2,509.7 2,678.4
Property      
Land 44.0 44.1 42.8
Buildings and Improvements 621.7 619.7 582.7
Equipment 1,560.5 1,551.5 1,506.7
Total Land, Buildings and Improvements and Equipment 2,226.2 2,215.3 2,132.2
Accumulated Depreciation (1,153.8) (1,135.5) (1,074.2)
Net Land, Buildings and Improvements and Equipment 1,072.4 1,079.8 1,058.0
Unamortized Product Tooling Costs 236.6 236.0 235.5
Net Property 1,309.0 1,315.8 1,293.5
Other Assets      
Goodwill 1,026.3 1,030.7 974.0
Other Intangibles, Net 964.3 978.0 992.4
Operating Lease Assets 158.9 152.2 122.6
Deferred Income Tax Asset 185.5 186.8 148.3
Equity Investments 41.4 38.7 61.5
Other Long-Term Assets 16.1 18.6 17.9
Other Assets 2,392.5 2,405.0 2,316.7
Total Assets 6,508.7 6,230.5 6,288.6
Current Liabilities      
Short-Term Debt and Current Maturities of Long-Term Debt 455.4 454.7 89.8
Accounts Payable 513.8 558.0 594.0
Accrued Expenses 704.6 739.4 754.8
Current Liabilities 1,673.8 1,752.1 1,438.6
Long-Term Liabilities      
Debt 2,371.9 1,975.7 2,420.5
Operating Lease Liabilities 140.7 133.9 106.3
Postretirement Benefits 49.7 52.5 48.3
Other 210.9 216.5 200.0
Long-Term Liabilities 2,785.3 2,391.0 2,787.5
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 383.4 392.0 376.0
Retained Earnings 3,636.3 3,596.9 3,372.3
Treasury Stock, at Cost: 23,424,000, 22,969,000 and 15,475,000 Shares (2,010.8) (1,952.7) (1,736.8)
Accumulated Other Comprehensive Loss (36.2) (25.7) (25.9)
Shareholders' Equity 2,049.6 2,087.4 2,062.5
Total Liabilities and Shareholders' Equity $ 6,508.7 $ 6,230.5 $ 6,288.6
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 $ 11.2 $ 10.8 $ 10.6
Common Stock, Shares Outstanding (in Shares) 67,689,000 68,227,000 70,891,000
Treasury Stock, Shares (in Shares) 34,849,000 34,311,000 31,647,000
Deferred Income Taxes and Other Tax Liabilities, Noncurrent $ 12.1 $ 12.4 $ 12.4