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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 30, 2018
Jul. 01, 2018
Current assets      
Cash and cash equivalents $ 1,151,042 $ 1,182,371 $ 1,159,072
Accounts receivable, less allowance for doubtful accounts of $17,000 $95,900 and $9,100 805,288 1,188,052 739,268
Inventories 564,769 443,383 610,248
Prepaid expenses and other current assets 308,996 268,698 319,045
Total current assets 2,830,095 3,082,504 2,827,633
Property, plant and equipment, less accumulated depreciation of $490,000 $444,500 and $462,700 387,372 256,473 265,904
Other assets      
Goodwill 485,765 485,881 572,488
Other intangible assets, net of accumulated amortization of $759,900 $915,900 and $721,700 670,214 693,842 741,076
Other 665,164 744,288 706,755
Total other assets 1,821,143 1,924,011 2,020,319
Total assets 5,038,610 5,262,988 5,113,856
Current liabilities      
Short-term borrowings 12,787 9,740 20,121
Accounts payable 330,053 333,521 339,861
Accrued liabilities 729,856 931,063 692,462
Total current liabilities 1,072,696 1,274,324 1,052,444
Long-term debt 1,695,833 1,695,092 1,694,350
Other liabilities 554,212 539,086 600,312
Total liabilities 3,322,741 3,508,502 3,347,106
Shareholders' equity      
Preference stock of $2.50 par value. Authorized 5,000,000 shares; none issued 0 0 0
Common stock of $0.50 par value. Authorized 600,000,000 shares; issued 209,694,630 at June 30, 2019, July 1, 2018, and December 30, 2018 104,847 104,847 104,847
Additional paid-in capital 1,290,540 1,275,059 1,263,657
Retained earnings 4,053,266 4,184,374 4,070,661
Accumulated other comprehensive loss (173,175) (294,514) (295,076)
Treasury stock, at cost; 83,488,022 shares at June 30, 2019; 82,370,078 shares at July 1, 2018; and 83,565,598 shares at December 30, 2018 (3,559,609) (3,515,280) (3,377,339)
Total shareholders' equity 1,715,869 1,754,486 1,766,750
Total liabilities and shareholders' equity $ 5,038,610 $ 5,262,988 $ 5,113,856