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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 27, 2020
Dec. 29, 2019
Sep. 29, 2019
Current assets      
Cash and cash equivalents including restricted cash of $71,200, $0 and $0 $ 1,132,405 $ 4,580,369 $ 1,060,432
Accounts receivable, less allowance for doubtful accounts of $23,700 $18,200 and $17,200 1,438,360 1,410,597 1,416,879
Inventories 540,039 446,105 589,132
Prepaid expenses and other current assets 648,158 310,450 346,687
Total current assets 3,758,962 6,747,521 3,413,130
Property, plant and equipment, less accumulated depreciation of $546,800 $496,700 and $505,900 477,154 382,248 371,881
Other assets      
Goodwill 3,644,118 494,584 485,042
Other intangible assets, net of accumulated amortization of $885,800 $771,700 and $783,500 1,546,810 646,305 658,350
Other 1,276,133 584,970 626,221
Total other assets 6,467,061 1,725,859 1,769,613
Total assets 10,703,177 8,855,628 5,554,624
Current liabilities      
Short-term borrowings 10,032 503 7,903
Current portion of long-term debt 369,269 0 0
Accounts payable 466,172 343,927 501,136
Accrued liabilities 1,470,076 912,652 957,696
Total current liabilities 2,315,549 1,257,082 1,466,735
Long-term debt 4,777,807 4,046,457 1,696,204
Other liabilities 778,514 556,559 550,778
Total liabilities 7,871,870 5,860,098 3,713,717
Redeemable noncontrolling interests 22,876 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 September 27, 2020, 209,694,630 shares at September 29, 2019, and 220,286,736 shares at December 29, 2019 110,143 110,143 104,847
Additional paid-in capital 2,311,433 2,275,726 1,301,366
Retained earnings 4,192,434 4,354,619 4,180,331
Accumulated other comprehensive loss (280,330) (184,220) (185,376)
Treasury stock, at cost; 83,256,622 shares at September 27, 2020; 83,442,005 shares at September 29, 2019; and 83,424,129 shares at December 29, 2019 (3,559,929) (3,560,738) (3,560,261)
Noncontrolling interests 34,680 0 0
Total shareholders' equity 2,808,431 2,995,530 1,840,907
Total liabilities, noncontrolling interests and shareholders' equity $ 10,703,177 $ 8,855,628 $ 5,554,624