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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 25, 2022
Current assets    
Cash and cash equivalents, including restricted cash of $0.6 in 2023 and $14.5 in 2022 $ 545.4 $ 513.1
Accounts receivable, less allowance for credit losses of $12.7 in 2023 and $20.0 in 2022 1,029.3 1,132.4
Inventories 332.0 676.8
Prepaid expenses and other current assets 416.9 676.8
Total current assets 2,323.6 2,999.1
Property, plant and equipment, net 488.6 422.8
Other assets    
Goodwill 2,279.2 3,470.1
Other intangibles, net 587.5 814.6
Other 862.0 1,589.3
Total other assets 3,728.7 5,874.0
Total assets 6,540.9 9,295.9
Current liabilities    
Short-term borrowings 0.0 142.4
Current portion of long-term debt 500.0 113.2
Accounts payable 340.6 427.3
Accrued liabilities 1,215.8 1,506.8
Total current liabilities 2,056.4 2,189.7
Long-term debt 2,965.8 3,711.2
Other liabilities 431.7 533.1
Total liabilities 5,453.9 6,434.0
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 2023 and 2022 110.1 110.1
Additional paid-in capital 2,590.6 2,540.6
Retained earnings 2,188.4 4,071.4
Accumulated other comprehensive loss (201.5) (254.9)
Treasury stock, at cost, 81,498,181 shares in 2023 and 82,106,383 shares in 2022 (3,625.7) (3,634.4)
Noncontrolling interests 25.1 29.1
Total shareholders’ equity 1,087.0 2,861.9
Total liabilities, noncontrolling interests and shareholders’ equity $ 6,540.9 $ 9,295.9