Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jul. 01, 2017
Dec. 31, 2016
Jul. 02, 2016
Current assets      
Cash and equivalents $ 672,542 $ 1,227,862 $ 676,262
Accounts receivable, less allowance for doubtful accounts of: June 2017 – $18,817; December 2016 – $20,539; June 2016 – $24,229 1,155,674 1,161,393 1,121,053
Inventories 1,712,972 1,471,300 1,667,895
Other current assets 356,147 296,698 304,612
Current assets of discontinued operations 315 135,845 298,194
Total current assets 3,897,650 4,293,098 4,068,016
Property, plant and equipment, net 918,975 926,010 927,058
Intangible assets, net 1,895,287 1,797,271 1,921,151
Goodwill 1,736,407 1,708,323 1,767,525
Other assets 725,409 929,190 899,772
Other assets of discontinued operations 0 85,395 90,586
Total assets 9,173,728 9,739,287 9,674,108
Current liabilities      
Short-term borrowings 921,109 26,029 1,404,493
Current portion of long-term debt 253,783 253,689 3,566
Accounts payable 502,908 642,970 480,797
Accrued liabilities 753,343 827,507 720,374
Current liabilities of discontinued operations 0 35,205 51,403
Total current liabilities 2,431,143 1,785,400 2,660,633
Long-term debt 2,111,623 2,039,180 1,400,636
Other liabilities 986,623 977,076 967,729
Other liabilities of discontinued operations 0 (3,290) (3,327)
Commitments and contingencies
Total liabilities 5,529,389 4,798,366 5,025,671
Stockholders’ equity      
Preferred Stock, par value $1; shares authorized, 25,000,000; no shares outstanding at June 2017, December 2016 or June 2016 0 0 0
Common Stock, stated value $0.25; shares authorized, 1,200,000,000; shares outstanding at June 2017 – 393,308,684; December 2016 – 414,012,954; June 2016 – 415,352,893 98,327 103,503 103,838
Additional paid-in capital 3,398,901 3,333,423 3,269,656
Accumulated other comprehensive loss (930,597) (1,041,463) (1,001,455)
Retained earnings 1,077,708 2,545,458 2,276,398
Total stockholders’ equity 3,644,339 4,940,921 4,648,437
Total liabilities and stockholders’ equity $ 9,173,728 $ 9,739,287 $ 9,674,108