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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 26, 2021
Dec. 27, 2020
Sep. 27, 2020
Current assets      
Cash and cash equivalents including restricted cash of $94.9 million, $71.2 million and $73.2 million $ 1,181.2 $ 1,449.7 $ 1,132.4
Accounts receivable, less allowance for doubtful accounts of $30.4 million, $23.7 million and $28.1 million 1,476.6 1,391.7 1,438.4
Inventories 544.1 395.6 540.0
Prepaid expenses and other current assets 528.5 609.6 648.2
Total current assets 3,730.4 3,846.6 3,759.0
Property, plant and equipment, less accumulated depreciation of $607.6 million, $546.8 million and $553.0 million 441.9 489.0 477.2
Other assets      
Goodwill 3,420.2 3,691.7 3,644.1
Other intangible assets, net of accumulated amortization of $1,027.4 million, $885.8 million and $964.6 million 1,209.5 1,530.8 1,546.8
Other 1,428.4 1,260.2 1,276.1
Total other assets 6,058.1 6,482.7 6,467.0
Total assets 10,230.4 10,818.3 10,703.2
Current liabilities      
Short-term borrowings 0.9 6.6 10.0
Current portion of long-term debt 187.6 432.6 369.3
Accounts payable 598.2 425.5 466.2
Accrued liabilities 1,663.7 1,538.6 1,470.1
Total current liabilities 2,450.4 2,403.3 2,315.6
Long-term debt 3,977.4 4,660.0 4,777.8
Other liabilities 722.5 793.9 778.5
Total liabilities 7,150.3 7,857.2 7,871.9
Redeemable noncontrolling interests 22.9 24.4 22.9
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 September 26, 2021, September 27, 2020, and December 27, 2020 110.1 110.1 110.1
Additional paid-in capital 2,388.9 2,329.1 2,311.4
Retained earnings 4,269.6 4,204.2 4,192.4
Accumulated other comprehensive loss (208.6) (195.0) (280.3)
Treasury stock, at cost; 82,359,425 shares at September 26, 2021; 83,256,622 shares at September 27, 2020; and 82,979,403 shares at December 27, 2020 (3,541.0) (3,551.7) (3,559.9)
Noncontrolling interests 38.2 40.0 34.7
Total shareholders' equity 3,057.2 2,936.7 2,808.4
Total liabilities, noncontrolling interests and shareholders' equity $ 10,230.4 $ 10,818.3 $ 10,703.2