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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 26, 2022
Dec. 26, 2021
Jun. 27, 2021
Current assets      
Cash and cash equivalents including restricted cash of $41.9 million, $83.1 million and $35.8 million $ 628.2 $ 1,019.2 $ 1,228.2
Accounts receivable, less allowance for doubtful accounts of $24.9 million, $30.5 million and $22.9 million 870.5 1,500.4 865.9
Inventories 867.5 552.1 499.6
Prepaid expenses and other current assets 719.2 656.4 543.2
Assets held for sale 0.0 0.0 479.5
Total current assets 3,085.4 3,728.1 3,616.4
Property, plant and equipment, less accumulated depreciation of $644.2 million, $589.1 million and $630.0 million 409.9 421.1 466.2
Other assets      
Goodwill 3,483.2 3,419.6 3,420.8
Other intangible assets, net of accumulated amortization of $1,089.4 million, $1,002.5 million and $1,050.4 million 1,156.9 1,172.0 1,248.3
Other 1,367.6 1,297.0 1,350.5
Total other assets 6,007.7 5,888.6 6,019.6
Total assets 9,503.0 10,037.8 10,102.2
Current liabilities      
Short-term borrowings 98.0 0.8 0.8
Current portion of long-term debt 137.0 200.1 189.6
Accounts payable 543.8 580.2 382.4
Accrued liabilities 1,379.4 1,674.8 1,396.5
Liabilities held for sale 0.0 0.0 76.3
Total current liabilities 2,158.2 2,455.9 2,045.6
Long-term debt 3,739.0 3,824.2 4,388.7
Other liabilities 570.0 670.7 753.0
Total liabilities 6,467.2 6,950.8 7,187.3
Redeemable noncontrolling interests 23.0 23.9 24.5
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 26, 2022, June 27, 2021, and December 26, 2021 110.1 110.1 110.1
Additional paid-in capital 2,503.4 2,428.0 2,361.2
Retained earnings 4,265.9 4,257.8 4,110.3
Accumulated other comprehensive loss (259.6) (235.3) (183.5)
Treasury stock, at cost; 82,199,298 shares at June 26, 2022; 82,617,426 shares at June 27, 2021; and 82,066,136 shares at December 26, 2021 (3,636.2) (3,534.7) (3,547.6)
Noncontrolling interests 29.2 37.2 39.9
Total shareholders' equity 3,012.8 3,063.1 2,890.4
Total liabilities, noncontrolling interests and shareholders' equity $ 9,503.0 $ 10,037.8 $ 10,102.2