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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 27, 2020
Dec. 29, 2019
Current assets    
Cash and cash equivalents including restricted cash of $73,200 in 2020 and $0 in 2019 $ 1,449,676 $ 4,580,369
Accounts receivable, less allowance for credit losses of $28,100 in 2020 and $17,200 in 2019 1,391,726 1,410,597
Inventories 395,633 446,105
Prepaid expenses and other current assets 609,610 310,450
Total current assets 3,846,645 6,747,521
Property, plant and equipment, net 489,041 382,248
Other assets    
Goodwill 3,691,709 494,584
Other intangibles, net 1,530,835 646,305
Other 1,260,155 584,970
Total other assets 6,482,699 1,725,859
Total assets 10,818,385 8,855,628
Current liabilities    
Short-term borrowings 6,642 503
Current portion of long-term debt 432,555 0
Accounts payable 425,500 343,927
Accrued liabilities 1,538,644 912,652
Total current liabilities 2,403,341 1,257,082
Long-term debt 4,660,015 4,046,457
Other liabilities 793,866 556,559
Total liabilities 7,857,222 5,860,098
Redeemable noncontrolling interests 24,426 0
Shareholders’ equity    
Preference stock of $2.50 par value. Authorized 5,000,000 shares; none issued 0 0
Common stock of $0.50 par value. Authorized 600,000,000 shares; issued 220,286,736 shares as of 2020 and 2019 110,143 110,143
Additional paid-in capital 2,329,064 2,275,726
Retained earnings 4,204,184 4,354,619
Accumulated other comprehensive loss (194,953) (184,220)
Treasury stock, at cost, 82,979,403 shares in 2020 and 83,424,129 shares in 2019 (3,551,749) (3,560,738)
Noncontrolling interests 40,048 0
Total shareholders’ equity 2,936,737 2,995,530
Total liabilities, noncontrolling interests and shareholders’ equity $ 10,818,385 $ 8,855,628