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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Jan. 01, 2022
Assets    
Cash and cash equivalents $ 238,413 $ 536,277
Trade accounts receivable, net 721,396 894,151
Inventories 1,979,672 1,584,015
Other current assets 178,946 186,503
Current assets of discontinued operations 13,327 327,157
Total current assets 3,131,754 3,528,103
Property, net 442,404 441,401
Right-of-use assets 414,894 363,854
Trademarks and other identifiable intangibles, net 1,255,693 1,220,170
Goodwill 1,108,907 1,133,095
Deferred tax assets 20,162 327,804
Other noncurrent assets 130,062 57,009
Total assets 6,503,876 7,071,436
Liabilities and Stockholders’ Equity    
Accounts payable 917,481 1,214,847
Accrued liabilities and other:    
Payroll and employee benefits 85,392 155,859
Advertising and promotion 168,717 241,555
Other 243,919 263,364
Lease liabilities 114,794 109,526
Accounts Receivable Securitization Facility 209,500 0
Current portion of long-term debt 37,500 25,000
Current liabilities of discontinued operations 13,327 316,902
Total current liabilities 1,790,630 2,327,053
Long-term debt 3,612,077 3,326,091
Lease liabilities - noncurrent 326,644 281,852
Pension and postretirement benefits 116,167 248,518
Other noncurrent liabilities 260,094 185,429
Total liabilities 6,105,612 6,368,943
Stockholders’ equity:    
Preferred stock (50,000,000 authorized shares; $.01 par value) Issued and outstanding — None 0 0
Common stock (2,000,000,000 authorized shares; $.01 par value) Issued and outstanding —349,009,147 and 349,903,253, respectively 3,490 3,499
Additional paid-in capital 334,676 315,337
Retained earnings 572,106 935,260
Accumulated other comprehensive loss (512,008) (551,603)
Total stockholders’ equity 398,264 702,493
Total liabilities and stockholders’ equity $ 6,503,876 $ 7,071,436