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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 27, 2022
Dec. 26, 2021
Mar. 28, 2021
Current assets      
Cash and cash equivalents including restricted cash of $38.8 million, $72.1 million and $35.8 million $ 1,057.9 $ 1,019.2 $ 1,430.4
Accounts receivable, less allowance for doubtful accounts of $24.1 million, $32.5 million and $22.9 million 931.7 1,500.4 810.4
Inventories 644.3 552.1 429.2
Prepaid expenses and other current assets 621.4 656.4 566.0
Total current assets 3,255.3 3,728.1 3,236.0
Property, plant and equipment, less accumulated depreciation of $641.5 million, $563.5 million and $630.0 million 422.6 421.1 482.7
Other assets      
Goodwill 3,419.3 3,419.6 3,691.4
Other intangible assets, net of accumulated amortization of $1,075.2 million, $999.7 million and $1,050.4 million 1,136.6 1,172.0 1,513.0
Other 1,284.9 1,297.0 1,266.0
Total other assets 5,840.8 5,888.6 6,470.4
Total assets 9,518.7 10,037.8 10,189.1
Current liabilities      
Short-term borrowings 104.1 0.8 8.8
Current portion of long-term debt 155.8 200.1 148.9
Accounts payable 411.7 580.2 312.1
Accrued liabilities 1,371.4 1,674.8 1,283.6
Total current liabilities 2,043.0 2,455.9 1,753.4
Long-term debt 3,737.9 3,824.2 4,674.1
Other liabilities 633.6 670.7 777.7
Total liabilities 6,414.5 6,950.8 7,205.2
Redeemable noncontrolling interests 23.5 23.9 24.0
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 March 27, 2022, March 28, 2021, and December 26, 2021 110.1 110.1 110.1
Additional paid-in capital 2,475.7 2,428.0 2,339.6
Retained earnings 4,220.9 4,257.8 4,226.8
Accumulated other comprehensive loss (246.9) (235.3) (206.4)
Treasury stock, at cost; 80,844,603 shares at March 27, 2022; 82,724,111 shares at March 28, 2021; and 82,066,136 shares at December 26, 2021 (3,513.8) (3,534.7) (3,550.6)
Noncontrolling interests 34.7 37.2 40.4
Total shareholders' equity 3,080.7 3,063.1 2,959.9
Total liabilities, noncontrolling interests and shareholders' equity $ 9,518.7 $ 10,037.8 $ 10,189.1