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Consolidated Balance Sheets - USD ($)
$ in Millions
Jan. 02, 2021
Dec. 28, 2019
Current assets    
Cash and cash equivalents $ 521.4 $ 635.3
Accounts Receivable, after Allowance for Credit Loss, Current 695.0 694.7
Inventories 508.2 475.1
Taxes receivable 28.6 22.1
Prepaid expenses and other assets 153.4 131.4
Total current assets 1,906.6 1,958.6
Non-current assets    
Property, plant and equipment, net 705.0 727.9
Goodwill 2,120.2 2,060.5
Pension surplus 69.3 38.1
Intangible assets, net 1,788.6 1,876.0
Right-of-use assets 120.9 123.0
Taxes receivable 26.5 23.0
Deferred income taxes 672.6 587.1
Other non-current assets 16.6 17.1
Total assets 7,426.3 7,411.3
Current liabilities    
Debt, current portion 42.7 46.1
Trade accounts payable 417.4 374.7
Taxes payable 14.0 48.5
Accrued expenses and other current liabilities 252.2 188.8
Total current liabilities 726.3 658.1
Non-current liabilities    
Debt, less current portion 2,666.0 2,912.3
Post-retirement benefit obligations 142.5 151.2
Lease liabilities 113.6 116.2
Taxes payable 111.5 108.8
Deferred income taxes 360.4 369.3
Other non-current liabilities 121.0 84.7
Total liabilities 4,241.3 4,400.6
Commitments and contingencies (note 22)
Shareholders’ equity    
—Shares, par value of $0.01 each - authorized shares: 3,000,000,000; outstanding shares: 290,853,067 (December 28, 2019: authorized shares: 3,000,000,000; outstanding shares: 290,157,299) 2.9 2.9
—Additional paid-in capital 2,456.8 2,434.5
—Accumulated other comprehensive loss (805.4) (858.4)
—Retained earnings 1,151.4 1,072.0
Total shareholders’ equity 2,805.7 2,651.0
Non-controlling interests 379.3 359.7
Total equity 3,185.0 3,010.7
Total liabilities and equity $ 7,426.3 $ 7,411.3