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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jul. 01, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 681.7 $ 642.5
Accounts receivable less allowances for discounts and credit losses 621.2 521.8
Inventories 954.5 1,021.3
Other current assets 186.2 274.8
Total current assets 2,443.6 2,460.4
Property, plant and equipment, net of accumulated depreciation 866.6 783.7
Operating lease assets 114.1 118.9
Goodwill [1] 1,910.7 1,640.7
Other intangible assets, net of accumulated amortization 1,421.5 1,000.8
Other assets 116.7 116.4
Total assets 6,873.2 6,120.9
Current liabilities    
Short-term debt 599.8 599.2
Accounts payable 489.5 421.6
Other current liabilities 551.4 523.9
Total current liabilities 1,640.7 1,544.7
Long-term debt 2,668.5 2,074.3
Deferred income taxes 138.2 136.9
Accrued defined benefit plans 66.1 79.9
Operating lease liabilities 89.0 95.4
Other non-current liabilities 93.6 102.8
Total liabilities 4,696.1 4,034.0
Commitments and contingencies (see Note 17)
Stockholders' equity    
Common stock [2] 1.9 1.9
Paid-in capital 3,103.5 3,069.6
Accumulated other comprehensive loss 55.3 37.4
Retained earnings 2,475.4 2,323.8
Treasury stock (3,459.0) (3,345.8)
Total stockholders' equity 2,177.1 2,086.9
Total liabilities and equity $ 6,873.2 $ 6,120.9
[1] Net of accumulated impairment losses of $399.5 million in the Outdoors segment.
[2] Common stock, par value $0.01 per share; 186.8 million shares and 186.2 million shares issued at July 1, 2023 and December 31, 2022, respectively.