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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 28, 2020
Dec. 29, 2019
Jun. 30, 2019
Current assets      
Cash and cash equivalents including restricted cash of $71,900, $0 and $0 $ 1,038,016 $ 4,580,369 $ 1,151,042
Accounts receivable, less allowance for doubtful accounts of $28,000 $17,000 and $17,200 911,320 1,410,597 805,288
Inventories 564,168 446,105 564,769
Prepaid expenses and other current assets 672,163 310,450 308,996
Total current assets 3,185,667 6,747,521 2,830,095
Property, plant and equipment, less accumulated depreciation of $528,200 $490,000 and $505,900 482,215 382,248 387,372
Other assets      
Goodwill 3,666,045 494,584 485,765
Other intangible assets, net of accumulated amortization of $855,000 $759,900 and $783,500 1,559,050 646,305 670,214
Other 1,329,073 584,970 665,164
Total other assets 6,554,168 1,725,859 1,821,143
Total assets 10,222,050 8,855,628 5,038,610
Current liabilities      
Short-term borrowings 6,419 503 12,787
Current portion of long-term debt 378,558 0 0
Accounts payable 335,236 343,927 330,053
Accrued liabilities 1,261,352 912,652 729,856
Total current liabilities 1,981,565 1,257,082 1,072,696
Long-term debt 4,802,509 4,046,457 1,695,833
Other liabilities 771,692 556,559 554,212
Total liabilities 7,555,766 5,860,098 3,322,741
Redeemable noncontrolling interests 24,133 0 0
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 220,286,736 shares at June 28, 2020, 209,694,630 shares at June 30, 2019, and 220,286,736 shares at December 29, 2019 110,143 110,143 104,847
Additional paid-in capital 2,297,267 2,275,726 1,290,540
Retained earnings 4,064,715 4,354,619 4,053,266
Accumulated other comprehensive loss (308,128) (184,220) (173,175)
Treasury stock, at cost; 83,264,365 shares at June 28, 2020; 83,488,022 shares at June 30, 2019; and 83,424,129 shares at December 29, 2019 (3,559,990) (3,560,738) (3,559,609)
Noncontrolling interests 38,144 0 0
Total shareholders' equity 2,642,151 2,995,530 1,715,869
Total liabilities, noncontrolling interests and shareholders' equity $ 10,222,050 $ 8,855,628 $ 5,038,610