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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 25, 2021
Current assets:    
Cash and cash equivalents $ 461,018 $ 87,924
Short-term investments 217,863 0
Accounts receivable, less allowance for doubtful accounts of $2,687 in 2022 and $2,590 in 2021 380,352 471,859
Inventories 448,919 430,244
Other current assets 26,501 28,976
Total current assets 1,534,653 1,019,003
Property, plant, and equipment, net 379,950 385,562
Operating lease right-of-use assets 22,892 23,510
Goodwill, net 157,588 171,330
Intangible assets, net 54,785 61,714
Investment in unconsolidated affiliates 72,364 61,133
Other noncurrent assets 20,167 6,684
Total Assets 2,242,399 1,728,936
Current liabilities:    
Current portion of debt 811 811
Accounts payable 128,000 180,793
Accrued wages and other employee costs 61,915 49,629
Current portion of operating lease liabilities 4,942 6,015
Other current liabilities 152,627 145,191
Total current liabilities 348,295 382,439
Long-term debt, less current portion 1,218 1,064
Pension liabilities 4,078 5,572
Postretirement benefits other than pensions 8,977 11,961
Environmental reserves 16,380 17,678
Deferred income taxes 16,258 14,347
Noncurrent operating lease liabilities 16,880 17,099
Other noncurrent liabilities 16,349 21,813
Total liabilities 428,435 471,973
Mueller Industries, Inc. stockholders' equity:    
Preferred stock - $1.00 par value; shares authorized 5,000,000; none outstanding 0 0
Common stock - $.01 par value; shares authorized 100,000,000; issued 80,183,004; outstanding 57,001,617 in 2022 and 57,295,961 in 2021 802 802
Additional paid-in capital 297,270 286,208
Retained earnings 2,059,796 1,458,489
Accumulated other comprehensive loss (64,175) (53,347)
Treasury common stock, at cost (502,779) (470,034)
Total Mueller Industries, Inc. stockholders' equity 1,790,914 1,222,118
Noncontrolling interests 23,050 34,845
Total equity 1,813,964 1,256,963
Commitments and contingencies 0 0
Total Liabilities and Equity $ 2,242,399 $ 1,728,936