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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 27, 2021
Dec. 27, 2020
Jun. 28, 2020
Current assets      
Cash and cash equivalents including restricted cash of $83.1 million, $71.9 million and $73.2 million $ 1,228.2 $ 1,449.7 $ 1,038.0
Accounts receivable, less allowance for doubtful accounts of $30.5 million, $28.0 million and $28.1 million 865.9 1,391.7 911.3
Inventories 499.6 395.6 564.2
Prepaid expenses and other current assets 543.2 609.6 672.2
Assets held for sale 479.5 0.0 0.0
Total current assets 3,616.4 3,846.6 3,185.7
Property, plant and equipment, less accumulated depreciation of $589.1 million, $528.2 million and $553.0 million 466.2 489.0 482.2
Other assets      
Goodwill 3,420.8 3,691.7 3,666.0
Other intangible assets, net of accumulated amortization of $1,002.5 million, $855.0 million and $964.6 million 1,248.3 1,530.8 1,559.1
Other 1,350.5 1,260.2 1,329.1
Total other assets 6,019.6 6,482.7 6,554.2
Total assets 10,102.2 10,818.3 10,222.1
Current liabilities      
Short-term borrowings 0.8 6.6 6.4
Current portion of long-term debt 189.6 432.6 378.6
Accounts payable 382.4 425.5 335.2
Accrued liabilities 1,396.5 1,538.6 1,261.4
Liabilities held for sale 76.3 0.0 0.0
Total current liabilities 2,045.6 2,403.3 1,981.6
Long-term debt 4,388.7 4,660.0 4,802.5
Other Liabilities, Noncurrent 753.0 793.9 771.7
Total liabilities 7,187.3 7,857.2 7,555.8
Redeemable noncontrolling interests 24.5 24.4 24.1
Shareholders' equity      
Preference stock of $2.50 par value. Authorized 5,000,000 shares; none issued 0.0 0.0 0.0
Common stock of $0.50 par value. Authorized 600,000,000 shares; issued 220,286,736 shares at June 27, 2021, June 28, 2020, and December 27, 2020 110.1 110.1 110.1
Additional paid-in capital 2,361.2 2,329.1 2,297.3
Retained earnings 4,110.3 4,204.2 4,064.8
Accumulated other comprehensive loss (183.5) (195.0) (308.1)
Treasury stock, at cost; 82,617,426 shares at June 27, 2021; 83,264,365 shares at June 28, 2020; and 82,979,403 shares at December 27, 2020 (3,547.6) (3,551.7) (3,560.0)
Noncontrolling interests 39.9 40.0 38.1
Total shareholders' equity 2,890.4 2,936.7 2,642.2
Total liabilities, noncontrolling interests and shareholders' equity $ 10,102.2 $ 10,818.3 $ 10,222.1