CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 28, 2024	Dec. 30, 2023
Current assets:
Cash and cash equivalents	$ 200,477	$ 203,041
Receivables, net	714,010	657,960
Inventories	611,422	658,428
Contract assets	183,085	175,721
Prepaid expenses and other current assets	98,165	92,479
Total current assets	1,807,159	1,787,629
Property, plant, and equipment, at cost	1,551,817	1,513,239
Less accumulated depreciation	(942,816)	(895,845)
Property, plant, and equipment, net	609,001	617,394
Goodwill	636,425	632,964
Other intangible assets, net	141,878	150,687
Defined benefit pension asset	37,716	15,404
Other non-current assets	264,649	273,370
Total assets	3,496,828	3,477,448
Current liabilities:
Current installments of long-term debt	531	719
Notes payable to banks	1,309	3,205
Accounts payable	353,883	358,311
Accrued employee compensation and benefits	119,073	130,861
Contract liabilities, current	100,150	70,978
Other accrued expenses	155,016	146,903
Income taxes payable	28,066	0
Dividends payable	12,021	12,125
Total current liabilities	770,049	723,102
Deferred income taxes	8,011	21,205
Long-term debt, excluding current installments	898,201	1,107,885
Operating lease liabilities	149,253	162,743
Deferred compensation	33,499	32,623
Other non-current liabilities	50,011	12,818
Total liabilities	1,909,024	2,060,376
Redeemable noncontrolling interests	46,111	62,792
Shareholders' equity:
Common stock of $1 par value, authorized 75,000,000 shares; issued 27,900,000 shares	27,900	27,900
Additional paid-in capital	9,721	0
Retained earnings	2,877,980	2,643,606
Accumulated other comprehensive loss	(282,160)	(273,236)
Treasury stock	(1,091,748)	(1,043,990)
Total shareholders' equity	1,541,693	1,354,280
Total liabilities, redeemable noncontrolling interests, and shareholders' equity	$ 3,496,828	$ 3,477,448

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).