Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Apr. 02, 2022
Dec. 31, 2021
Apr. 03, 2021
Current Assets      
Cash and Cash Equivalents, at Cost, Which Approximates Fair Value $ 680,100,000 $ 354,500,000 $ 471,900,000
Restricted cash 12,200,000 12,200,000 9,700,000
Short-Term Investments in Marketable Securities 6,800,000 800,000 7,300,000
Total Cash and Short-Term Investments in Marketable Securities 699,100,000 367,500,000 488,900,000
Accounts and Notes Receivable, less Allowances of $12.0, $8.5 and $8.1 664,700,000 485,300,000 539,100,000
Inventories      
Finished Goods 752,400,000 685,500,000 463,700,000
Work-In-Process 195,400,000 176,800,000 125,400,000
Raw Materials 397,900,000 345,700,000 176,500,000
Net Inventories 1,345,700,000 1,208,000,000 765,600,000
Prepaid Expenses and Other 81,700,000 63,800,000 42,100,000
Current Assets 2,791,200,000 2,124,600,000 1,835,700,000
Property      
Land 34,500,000 34,700,000 17,600,000
Buildings and Improvements 497,500,000 479,300,000 440,300,000
Equipment 1,351,800,000 1,332,400,000 1,198,200,000
Total Land, Buildings and Improvements and Equipment 1,883,800,000 1,846,400,000 1,656,100,000
Accumulated Depreciation (1,002,300,000) (989,600,000) (944,900,000)
Net Land, Buildings and Improvements and Equipment 881,500,000 856,800,000 711,200,000
Unamortized Product Tooling Costs 196,600,000 190,100,000 161,200,000
Net Property 1,078,100,000 1,046,900,000 872,400,000
Other Assets      
Goodwill 889,400,000 888,400,000 422,700,000
Other Intangibles, Net 1,038,400,000 1,052,100,000 544,300,000
Operating Lease Assets 92,400,000 92,800,000 80,700,000
Deferred Income Tax Asset 137,900,000 146,000,000.0 126,400,000
Equity Investments 48,100,000 43,800,000 36,300,000
Other Long-Term Assets 17,500,000 30,400,000 24,700,000
Other Assets 2,223,700,000 2,253,500,000 1,235,100,000
Total Assets 6,093,000,000 5,425,000,000 3,943,200,000
Current Liabilities      
Short-Term Debt and Current Maturities of Long-Term Debt 2,300,000 37,400,000 43,800,000
Accounts Payable 660,000,000.0 693,500,000 532,400,000
Accrued Expenses 665,900,000 711,300,000 552,800,000
Current Liabilities 1,328,200,000 1,442,200,000 1,129,000,000
Long-Term Liabilities      
Debt 2,498,200,000 1,779,000,000 900,900,000
Operating Lease Liabilities 72,200,000 75,500,000 64,900,000
Postretirement Benefits 65,500,000 66,500,000 72,300,000
Other 149,000,000.0 147,600,000 133,500,000
Long-Term Liabilities 2,784,900,000 2,068,600,000 1,171,600,000
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 374,500,000 394,500,000 371,200,000
Retained Earnings 2,866,300,000 2,720,100,000 2,374,000,000
Treasury Stock, at Cost: 23,424,000, 22,969,000 and 15,475,000 Shares (1,316,200,000) (1,245,800,000) (1,142,400,000)
Accumulated Other Comprehensive Loss (21,600,000) (31,500,000) (37,100,000)
Shareholders' Equity 1,979,900,000 1,914,200,000 1,642,600,000
Total Liabilities and Shareholders' Equity $ 6,093,000,000 $ 5,425,000,000 $ 3,943,200,000
Common Stock, Shares Authorized (in Shares) 200,000,000 200,000,000 200,000,000
Common Stock, Par Value (in Dollars per Share) $ 0.75 $ 0.75 $ 0.75
Common Stock, Shares Issued (in Shares) 102,538,000 102,538,000 102,538,000
Accounts and Notes Receivable, Allowances $ 11,200,000 $ 9,700,000 $ 9,800,000
Common Stock, Shares Outstanding (in Shares) 76,338,000 76,933,000 77,941,000
Treasury Stock, Shares (in Shares) 26,200,000 25,605,000 24,597,000