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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jul. 02, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 446,161 $ 463,889
Accounts receivable—trade, net 764,269 711,203
Inventories 1,385,424 1,173,119
Prepaid expenses and other 285,051 272,195
Total current assets 2,880,905 2,620,406
Property, plant and equipment, net 3,014,876 2,769,702
Goodwill 2,695,997 2,606,956
Other intangibles 1,928,184 1,966,269
Other non-current assets 961,741 944,989
Deferred income taxes 43,973 40,498
Total assets 11,525,676 10,948,820
Current liabilities:    
Accounts payable 1,014,058 970,558
Accrued liabilities 828,207 832,518
Accrued income taxes 16,009 6,710
Short-term debt 859,773 693,790
Current portion of long-term debt 8,010 753,578
Total current liabilities 2,726,057 3,257,154
Long-term debt 4,086,195 3,343,977
Other long-term liabilities 714,532 719,742
Deferred income taxes 304,107 328,403
Total liabilities 7,830,891 7,649,276
Stockholders’ equity:    
Preferred stock, shares issued: none in 2023 and 2022 0 0
Additional paid-in capital 1,301,247 1,296,572
Retained earnings 4,171,010 3,589,781
Treasury—common stock shares, at cost: 17,103,981 at July 2, 2023 and 16,588,308 at December 31, 2022 (1,777,984) (1,556,029)
Accumulated other comprehensive loss (221,041) (252,333)
Total stockholders’ equity 3,694,785 3,299,544
Total liabilities and stockholders’ equity 11,525,676 10,948,820
Common stock    
Stockholders’ equity:    
Common stock 166,939 163,439
Class B common stock    
Stockholders’ equity:    
Common stock $ 54,614 $ 58,114