v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 04, 2026
Jan. 03, 2026
Current Assets    
Cash and cash equivalents $ 592.4 $ 280.1
Accounts and notes receivable, net 1,471.0 919.7
Inventories, net 3,896.5 4,157.1
Current assets held for sale 0.0 262.4
Prepaid expenses 332.6 328.6
Other current assets 51.2 31.1
Total Current Assets 6,343.7 5,979.0
Property, plant and equipment, net 1,707.5 1,831.8
Goodwill 7,265.6 7,287.9
Intangibles, net 3,023.8 3,086.9
Long-term assets held for sale 0.0 1,273.9
Other assets 1,752.9 1,784.2
Total Assets 20,093.5 21,243.7
Current Liabilities    
Short-term borrowings 0.0 605.6
Current maturities of long-term debt 53.7 554.8
Accounts payable 2,422.3 2,163.0
Accrued expenses 1,953.1 1,878.1
Current liabilities held for sale 0.0 44.2
Total Current Liabilities 4,429.1 5,245.7
Long-term debt 4,704.2 4,703.3
Deferred taxes 66.4 66.2
Post-retirement benefits 303.3 330.2
Long-term liabilities held for sale 0.0 9.4
Other liabilities 1,631.7 1,834.3
Commitments and Contingencies (Notes P and O)
Shareowners’ Equity    
Common stock, par value $2.50 per share: Authorized 300,000,000 shares in 2026 and 2025 Issued 176,902,738 shares in 2026 and 2025 442.3 442.3
Retained earnings 8,405.2 8,244.6
Additional paid in capital 5,162.8 5,063.0
Accumulated other comprehensive loss (2,019.7) (1,970.4)
Stockholders' equity subtotal 11,990.6 11,779.5
Less: cost of common stock in treasury (25,889,498 shares in 2026 and 21,866,327 shares in 2025) (3,031.8) (2,724.9)
Total Shareowners’ Equity 8,958.8 9,054.6
Total Liabilities and Shareowners’ Equity $ 20,093.5 $ 21,243.7