Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Jul. 02, 2022
Dec. 31, 2021
Jul. 03, 2021
Current Assets      
Cash and Cash Equivalents, at Cost, Which Approximates Fair Value $ 566,700,000 $ 354,500,000 $ 590,200,000
Restricted cash 11,900,000 12,200,000 9,700,000
Short-Term Investments in Marketable Securities 37,000,000.0 800,000 800,000
Total Cash and Short-Term Investments in Marketable Securities 615,600,000 367,500,000 600,700,000
Accounts and Notes Receivable, less Allowances of $12.0, $8.5 and $8.1 611,000,000.0 485,300,000 503,300,000
Inventories      
Finished Goods 746,000,000.0 685,500,000 468,600,000
Work-In-Process 201,400,000 176,800,000 147,600,000
Raw Materials 425,000,000.0 345,700,000 218,900,000
Net Inventories 1,372,400,000 1,208,000,000 835,100,000
Prepaid Expenses and Other 86,400,000 63,800,000 48,900,000
Current Assets 2,685,400,000 2,124,600,000 1,988,000,000
Property      
Land 37,100,000 34,700,000 17,600,000
Buildings and Improvements 520,000,000.0 479,300,000 446,800,000
Equipment 1,420,800,000 1,332,400,000 1,244,400,000
Total Land, Buildings and Improvements and Equipment 1,977,900,000 1,846,400,000 1,708,800,000
Accumulated Depreciation (1,016,100,000) (989,600,000) (964,500,000)
Net Land, Buildings and Improvements and Equipment 961,800,000 856,800,000 744,300,000
Unamortized Product Tooling Costs 202,600,000 190,100,000 167,700,000
Net Property 1,164,400,000 1,046,900,000 912,000,000.0
Other Assets      
Goodwill 966,700,000 888,400,000 434,300,000
Other Intangibles, Net 1,038,200,000 1,052,100,000 536,300,000
Operating Lease Assets 103,000,000.0 92,800,000 85,900,000
Deferred Income Tax Asset 128,600,000 146,000,000.0 117,200,000
Equity Investments 48,000,000.0 43,800,000 41,400,000
Other Long-Term Assets 32,200,000 30,400,000 23,400,000
Other Assets 2,316,700,000 2,253,500,000 1,238,500,000
Total Assets 6,166,500,000 5,425,000,000 4,138,500,000
Current Liabilities      
Short-Term Debt and Current Maturities of Long-Term Debt 3,000,000.0 37,400,000 43,500,000
Accounts Payable 644,000,000.0 693,500,000 588,200,000
Accrued Expenses 700,700,000 711,300,000 619,600,000
Current Liabilities 1,347,700,000 1,442,200,000 1,251,300,000
Long-Term Liabilities      
Debt 2,499,000,000 1,779,000,000 832,000,000.0
Operating Lease Liabilities 86,100,000 75,500,000 69,500,000
Postretirement Benefits 64,000,000.0 66,500,000 71,900,000
Other 165,100,000 147,600,000 144,300,000
Long-Term Liabilities 2,814,200,000 2,068,600,000 1,117,700,000
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 380,800,000 394,500,000 380,100,000
Retained Earnings 3,036,200,000 2,720,100,000 2,527,200,000
Treasury Stock, at Cost: 23,424,000, 22,969,000 and 15,475,000 Shares (1,455,400,000) (1,245,800,000) (1,182,200,000)
Accumulated Other Comprehensive Loss (33,900,000) (31,500,000) (32,500,000)
Shareholders' Equity 2,004,600,000 1,914,200,000 1,769,500,000
Total Liabilities and Shareholders' Equity $ 6,166,500,000 $ 5,425,000,000 $ 4,138,500,000
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 $ 9,300,000 $ 9,700,000 $ 10,300,000
Common Stock, Shares Outstanding (in Shares) 74,472,000 76,933,000 77,554,000
Treasury Stock, Shares (in Shares) 28,066,000 25,605,000 24,984,000