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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 29, 2023
Dec. 30, 2022
Current Assets    
Cash and cash equivalents $ 537,951 $ 339,196
Accounts receivable, less allowances of $5,300 and $7,000 354,439 346,010
Inventories 438,349 476,790
Other current assets 35,070 43,624
Total current assets 1,365,809 1,205,620
Property, Plant and Equipment, net 741,713 607,609
Goodwill 370,228 368,171
Other Intangible Assets, net 126,258 137,507
Operating Lease Assets 18,768 29,785
Deferred Income Taxes 61,381 57,090
Other Assets 37,850 33,118
Total Assets 2,722,007 2,438,900
Current Liabilities    
Notes payable to banks 30,036 20,974
Trade accounts payable 72,214 84,218
Salaries and incentives 64,802 63,969
Dividends payable 42,789 39,963
Other current liabilities 185,359 190,793
Total current liabilities 395,200 399,917
Long-term Debt 0 75,000
Retirement Benefits and Deferred Compensation 80,347 61,672
Operating Lease Liabilities 11,785 21,057
Deferred Income Taxes 8,215 9,443
Other Non-current Liabilities 2,235 12,159
Commitments and Contingencies (Note K)
Shareholders’ Equity    
Common stock, $1 par value; 291,000,000 shares authorized; 167,946,063 and 167,702,130 shares outstanding in 2023 and 2022 167,946 167,702
Additional paid-in-capital 863,336 784,477
Retained earnings 1,227,938 976,851
Accumulated other comprehensive income (loss) (34,995) (69,378)
Total shareholders’ equity 2,224,225 1,859,652
Total Liabilities and Shareholders’ Equity $ 2,722,007 $ 2,438,900