XML 19 R3.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 25, 2022
Dec. 26, 2021
Current assets    
Cash and cash equivalents including restricted cash of $14.5 in 2022 and $35.8 in 2021 $ 513.1 $ 1,019.2
Accounts receivable, less allowance for credit losses of $20.0 in 2022 and $22.9 in 2021 1,132.4 1,500.4
Inventories 676.8 552.1
Prepaid expenses and other current assets 676.8 656.4
Total current assets 2,999.1 3,728.1
Property, plant and equipment, net 422.8 421.1
Other assets    
Goodwill 3,470.1 3,419.6
Other intangibles, net 814.6 1,172.0
Other 1,589.3 1,297.0
Total other assets 5,874.0 5,888.6
Total assets 9,295.9 10,037.8
Current liabilities    
Short-term borrowings 142.4 0.8
Current portion of long-term debt 113.2 200.1
Accounts payable 427.3 580.2
Accrued liabilities 1,506.8 1,674.8
Total current liabilities 2,189.7 2,455.9
Long-term debt 3,711.2 3,824.2
Other liabilities 533.1 670.7
Total liabilities 6,434.0 6,950.8
Redeemable noncontrolling interests 0.0 23.9
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 2022 and 2021 110.1 110.1
Additional paid-in capital 2,540.6 2,428.0
Retained earnings 4,071.4 4,257.8
Accumulated other comprehensive loss (254.9) (235.3)
Treasury stock, at cost, 82,106,383 shares in 2022 and 82,066,136 shares in 2021 (3,634.4) (3,534.7)
Noncontrolling interests 29.1 37.2
Total shareholders’ equity 2,861.9 3,063.1
Total liabilities, noncontrolling interests and shareholders’ equity $ 9,295.9 $ 10,037.8