Condensed Consolidated Balance Sheets - USD ($) shares in Thousands |
Oct. 02, 2021 |
Dec. 31, 2020 |
Sep. 26, 2020 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents, at Cost, Which Approximates Fair Value | $ 1,486,400,000 | $ 519,600,000 | $ 650,400,000 |
| Restricted cash | 10,900,000 | 10,700,000 | 9,100,000 |
| Short-Term Investments in Marketable Securities | 800,000 | 56,700,000 | 800,000 |
| Total Cash and Short-Term Investments in Marketable Securities | 1,498,100,000 | 587,000,000.0 | 660,300,000 |
| Accounts and Notes Receivable, less Allowances of $12.0, $8.5 and $8.1 | 451,100,000 | 337,600,000 | 398,800,000 |
| Inventories | |||
| Finished Goods | 520,200,000 | 446,800,000 | 347,600,000 |
| Work-In-Process | 162,700,000 | 94,000,000.0 | 91,600,000 |
| Raw Materials | 257,600,000 | 171,000,000.0 | 150,200,000 |
| Net Inventories | 940,500,000 | 711,800,000 | 589,400,000 |
| Prepaid Expenses and Other | 52,300,000 | 34,100,000 | 32,700,000 |
| Current Assets | 2,942,000,000 | 1,670,500,000 | 1,681,200,000 |
| Property | |||
| Land | 18,900,000 | 17,700,000 | 17,600,000 |
| Buildings and Improvements | 453,300,000 | 435,500,000 | 426,400,000 |
| Equipment | 1,299,500,000 | 1,184,900,000 | 1,141,400,000 |
| Total Land, Buildings and Improvements and Equipment | 1,771,700,000 | 1,638,100,000 | 1,585,400,000 |
| Accumulated Depreciation | (982,600,000) | (929,800,000) | (912,900,000) |
| Net Land, Buildings and Improvements and Equipment | 789,100,000 | 708,300,000 | 672,500,000 |
| Unamortized Product Tooling Costs | 172,400,000 | 155,300,000 | 146,600,000 |
| Net Property | 961,500,000 | 863,600,000 | 819,100,000 |
| Other Assets | |||
| Goodwill | 443,800,000 | 417,700,000 | 416,300,000 |
| Other Intangibles, Net | 549,200,000 | 552,300,000 | 559,600,000 |
| Operating Lease Assets | 83,100,000 | 83,000,000.0 | 82,000,000.0 |
| Deferred Income Tax Asset | 132,700,000 | 136,600,000 | 93,700,000 |
| Equity Investments | 41,300,000 | 32,500,000 | 25,500,000 |
| Other Long-Term Assets | 27,000,000.0 | 14,400,000 | 13,400,000 |
| Other Assets | 1,277,100,000 | 1,236,500,000 | 1,190,500,000 |
| Total Assets | 5,180,600,000 | 3,770,600,000 | 3,690,800,000 |
| Current Liabilities | |||
| Short-Term Debt and Current Maturities of Long-Term Debt | 43,200,000 | 43,100,000 | 48,400,000 |
| Accounts Payable | 589,800,000 | 457,600,000 | 392,900,000 |
| Accrued Expenses | 623,300,000 | 578,500,000 | 508,300,000 |
| Current Liabilities | 1,256,300,000 | 1,079,200,000 | 949,600,000 |
| Long-Term Liabilities | |||
| Debt | 1,787,700,000 | 908,300,000 | 1,013,200,000 |
| Operating Lease Liabilities | 67,600,000 | 69,800,000 | 69,300,000 |
| Postretirement Benefits | 70,800,000 | 74,700,000 | 71,900,000 |
| Other | 148,500,000 | 128,600,000 | 128,600,000 |
| Long-Term Liabilities | 2,074,600,000 | 1,181,400,000 | 1,283,000,000 |
| Shareholders' equity | |||
| Common Stock; Authorized: 200,000,000 Shares, $0.75 Par Value; Issued: 102,538,000 Shares; Outstanding: 79,114,000, 79,569,000 and 87,063,000 Shares | 76,900,000 | 76,900,000 | 76,900,000 |
| Additional Paid-In Capital | 388,300,000 | 383,800,000 | 377,000,000.0 |
| Retained Earnings | 2,644,500,000 | 2,225,700,000 | 2,151,700,000 |
| Treasury Stock, at Cost: 23,424,000, 22,969,000 and 15,475,000 Shares | (1,225,000,000) | (1,133,700,000) | (1,095,500,000) |
| Accumulated Other Comprehensive Loss | (35,000,000.0) | (42,700,000) | (51,900,000) |
| Shareholders' Equity | 1,849,700,000 | 1,510,000,000 | 1,458,200,000 |
| Total Liabilities and Shareholders' Equity | $ 5,180,600,000 | $ 3,770,600,000 | $ 3,690,800,000 |
| Common Stock, Shares Authorized (in Shares) | 200,000 | 200,000 | 200,000 |
| Common Stock, Par Value (in Dollars per Share) | $ 0.75 | $ 0.75 | $ 0.75 |
| Common Stock, Shares Issued (in Shares) | 102,538 | 102,538 | 102,538 |
| Accounts and Notes Receivable, Allowances | $ 10,300,000 | $ 10,700,000 | $ 11,100,000 |
| Common Stock, Shares Outstanding (in Shares) | 77,134 | 77,875 | 78,421 |
| Treasury Stock, Shares (in Shares) | 25,404 | 24,663 | 24,117 |
| X | ||||||||||
- Definition Cash, Cash Equivalents, Restricted Cash And Short-Term Investments No definition available.
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- Definition Carrying value of land, buildings and improvements and equipment net of accumulated depreciation, depletion and amortization. No definition available.
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- Definition Other Long-Term Assets No definition available.
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- Definition This element represents costs for product tooling which have not yet been amortized. No definition available.
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- Definition Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of allowance for credit loss on accounts receivable, classified as current. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), classified as current. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before accumulated depreciation of building structures held for productive use including addition, improvement, or renovation to the structure, including, but not limited to, interior masonry, interior flooring, electrical, and plumbing. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Face amount or stated value per share of common stock. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of short-term debt and current maturity of long-term debt and capital lease obligations due within one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, with jurisdictional netting. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of merchandise or goods held by the company that are readily available for sale. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of unprocessed items to be consumed in the manufacturing or production process. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Carrying amount, net of reserves and adjustments, as of the balance sheet date of merchandise or goods which are partially completed. This inventory is generally comprised of raw materials, labor and factory overhead costs, which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount before accumulated depletion of real estate held for productive use, excluding land held for sale. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of obligation due after one year or beyond the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount after unamortized (discount) premium and debt issuance costs of long-term debt classified as noncurrent and excluding amounts to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Present value of lessee's discounted obligation for lease payments from operating lease, classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of lessee's right to use underlying asset under operating lease. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of noncurrent assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of liabilities classified as other, due after one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of liability, recognized in statement of financial position, for pension, other postretirement and postemployment benefits, classified as noncurrent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount before accumulated depreciation, depletion and amortization of other physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The current cash, cash equivalents and investments that are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. Includes current cash equivalents and investments that are similarly restricted as to withdrawal, usage or disposal. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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