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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 26, 2021
Dec. 27, 2020
Current assets    
Cash and cash equivalents including restricted cash of $35.8 in 2021 and $73.2 in 2020 $ 1,019.2 $ 1,449.7
Accounts receivable, less allowance for credit losses of $22.9 in 2021 and $28.1 in 2020 1,500.4 1,391.7
Inventories 552.1 395.6
Prepaid expenses and other current assets 656.4 609.6
Total current assets 3,728.1 3,846.6
Property, plant and equipment, net 421.1 489.0
Other assets    
Goodwill 3,419.6 3,691.7
Other intangibles, net 1,172.0 1,530.8
Other 1,297.0 1,260.3
Total other assets 5,888.6 6,482.8
Total assets 10,037.8 10,818.4
Current liabilities    
Short-term borrowings 0.8 6.6
Current portion of long-term debt 200.1 432.6
Accounts payable 580.2 425.5
Accrued liabilities 1,674.8 1,538.6
Total current liabilities 2,455.9 2,403.3
Long-term debt 3,824.2 4,660.0
Other liabilities 670.7 794.0
Total liabilities 6,950.8 7,857.3
Redeemable noncontrolling interests 23.9 24.4
Shareholders’ equity    
Preference stock of $2.50 par value. Authorized 5,000,000 shares; none issued 0.0 0.0
Common stock of $0.50 par value. Authorized 600,000,000 shares; issued 220,286,736 shares as of 2021 and 2020 110.1 110.1
Additional paid-in capital 2,428.0 2,329.1
Retained earnings 4,257.8 4,204.2
Accumulated other comprehensive loss (235.3) (195.0)
Treasury stock, at cost, 82,066,136 shares in 2021 and 82,979,403 shares in 2020 (3,534.7) (3,551.7)
Noncontrolling interests 37.2 40.0
Total shareholders’ equity 3,063.1 2,936.7
Total liabilities, noncontrolling interests and shareholders’ equity $ 10,037.8 $ 10,818.4