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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 26, 2020
Dec. 28, 2019
Current assets    
Cash and cash equivalents $ 672.3 $ 635.3
Trade accounts receivable, net 710.2 694.7
Inventories 486.4 475.1
Taxes receivable 33.5 22.1
Prepaid expenses and other assets 143.7 131.4
Total current assets 2,046.1 1,958.6
Non-current assets    
Property, plant and equipment, net 677.0 727.9
Goodwill 2,021.8 2,060.5
Pension surplus 31.9 38.1
Intangible assets, net 1,779.1 1,876.0
Operating lease right-of-use assets 123.0 123.0
Taxes receivable 20.4 23.0
Deferred income taxes 620.4 587.1
Other non-current assets 16.0 17.1
Total assets 7,335.7 7,411.3
Current liabilities    
Debt, current portion 50.3 46.1
Trade accounts payable 339.4 374.7
Taxes payable 20.0 48.5
Accrued expenses and other current liabilities 244.2 188.8
Total current liabilities 653.9 658.1
Non-current liabilities    
Debt, less current portion 2,927.8 2,912.3
Post-retirement benefit obligations 137.8 151.2
Lease liabilities 115.8 116.2
Taxes payable 102.5 108.8
Deferred income taxes 332.1 369.3
Other non-current liabilities 110.6 84.7
Total liabilities 4,380.5 4,400.6
Commitments and contingencies (note 18)
Shareholders’ equity    
—Shares, par value of $0.01 each - authorized shares: 3,000,000,000; outstanding shares: 290,787,170 (December 28, 2019: authorized shares: 3,000,000,000; outstanding shares: 290,157,299) 2.9 2.9
—Additional paid-in capital 2,450.8 2,434.5
—Accumulated other comprehensive loss (982.3) (858.4)
—Retained earnings 1,127.1 1,072.0
Total shareholders’ equity 2,598.5 2,651.0
Non-controlling interests 356.7 359.7
Total equity 2,955.2 3,010.7
Total liabilities and equity $ 7,335.7 $ 7,411.3