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SUPPLEMENTAL FINANCIAL INFORMATION (Tables) | 12 Months Ended
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Dec. 28, 2024
Supplemental Financial Information |
Schedule of Inventories | Inventories at year-end were as follows:
(In millions) |  | 2024 |  | 2023
Raw materials |  | $ | 435.0 |  |  | $ | 415.4 |
Work-in-progress |  | 224.9 |  |  | 238.2 |
Finished goods |  | 318.2 |  |  | 267.1 |
Inventories |  | $ | 978.1 |  |  | $ | 920.7 |
Schedule of Property, Plant and Equipment | Major classes of property, plant and equipment, stated at cost, at year-end were as follows:
(In millions) |  | 2024 |  | 2023
Land |  | $ | 35.1 |  |  | $ | 35.9 |
Buildings and improvements |  | 852.3 |  |  | 817.9 |
Machinery and equipment |  | 2,903.4 |  |  | 2,799.5 |
Construction-in-progress |  | 202.7 |  |  | 317.1 |
Property, plant and equipment |  | 3,993.5 |  |  | 3,970.4 |
Accumulated depreciation |  | (2,406.8) |  |  | (2,344.6) |
Property, plant and equipment, net |  | $ | 1,586.7 |  |  | $ | 1,625.8 |
Schedule of Capitalized Software Costs | Capitalized software costs at year-end were as follows:
(In millions) |  | 2024 |  | 2023
Cost |  | $ | 360.0 |  |  | $ | 362.4 |
Accumulated amortization |  | (249.3) |  |  | (257.9) |
Software, net |  | $ | 110.7 |  |  | $ | 104.5 |
Schedule of Hosting Arrangement, Service Contract, Implementation Cost | Capitalized implementation costs at year-end were as follows:
(In millions) |  | 2024 |  | 2023
Cost |  | $ | 97.1 |  |  | $ | 59.8 |
Accumulated amortization |  | (17.9) |  |  | (9.4) |
Capitalized implementation costs, net |  | $ | 79.2 |  |  | $ | 50.4 |
Schedule of Allowance for Credit Losses | The activity related to our allowance for credit losses was as follows:
(In millions) |  | 2024 |  | 2023
Balance at beginning of year |  | $ | 34.4 |  |  | $ | 34.4 |
Provision for credit losses |  | 4.6 |  |  | 4.4 |
Amounts written off |  | (8.9) |  |  | (6.3) |
Other, including foreign currency translation |  | (1.1) |  |  | 1.9 |
Balance at end of year |  | $ | 29.0 |  |  | $ | 34.4 |
Schedule of Research and Development Expense | Research and development expense, which was included in “Marketing, general and administrative expense” in the Consolidated Statements of Income, was as follows:
(In millions) |  | 2024 |  | 2023 |  | 2022
Research and development expense |  | $ | 137.8 |  |  | $ | 135.8 |  |  | $ | 136.1 |
Schedule of Cash Paid for Interest and Income taxes | Cash paid for interest and income taxes was as follows:
(In millions) |  | 2024 |  | 2023 |  | 2022
Interest |  | $ | 111.8 |  |  | $ | 109.9 |  |  | $ | 80.9 |
Income taxes, net of refunds |  | 226.8 |  |  | 234.9 |  |  | 204.8 |
Schedule of Balance Sheet Locations of Deferred Revenue | The following table shows the amounts and balance sheet locations of deferred revenue as of December 28, 2024 and December 30, 2023:
(In millions) |  | December 28, 2024 |  | December 30, 2023
Other current liabilities |  | $ | 15.5 |  |  | $ | 18.1 |
Long-term retirement benefits and other liabilities |  | 1.2 |  |  | 1.3 |
Total deferred revenue |  | $ | 16.7 |  |  | $ | 19.4 |
Schedule of Supplier Finance Program | The activity related to our supplier finance programs was as follows:
(In millions) |  | 2024
Balance at beginning of year |  | $ | 397.4 |
Invoices confirmed during the year |  | 1,339.3 |
Invoices paid during the year |  | (1,328.9) |
Other, including foreign currency translation |  | (23.2) |
Balance at end of year |  | $ | 384.6 |

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