Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v3.8.0.1
Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 30, 2017
Dec. 31, 2016
Jan. 02, 2016
Income Statement [Abstract]      
Net sales $ 11,735,695,000 $ 10,957,922,000 $ 10,922,043,000
Royalty income 75,482,000 68,225,000 74,350,000
Total revenues 11,811,177,000 11,026,147,000 10,996,393,000
Costs and operating expenses      
Cost of goods sold 5,844,941,000 5,589,923,000 5,603,766,000
Selling, general and administrative expenses 4,463,146,000 3,988,320,000 3,747,799,000
Impairment of goodwill and intangible assets 0 79,644,000 0
Total costs and operating expenses 10,308,087,000 9,657,887,000 9,351,565,000
Operating income 1,503,090,000 1,368,260,000 1,644,828,000
Interest income 16,095,000 9,176,000 7,152,000
Interest expense (101,975,000) (94,722,000) (88,751,000)
Other income (expense), net (715,000) 2,002,000 1,028,000
Income from continuing operations before income taxes 1,416,495,000 1,284,716,000 1,564,257,000
Income taxes 695,286,000 205,862,000 347,201,000
Income from continuing operations 721,209,000 1,078,854,000 1,217,056,000
Income (loss) from discontinued operations, net of tax (106,286,000) (4,748,000) 14,537,000
Net income $ 614,923,000 $ 1,074,106,000 $ 1,231,593,000
Earnings (loss) per common share - basic      
Earnings per common share - basic, continuing operations (in USD per share) $ 1.81 $ 2.59 $ 2.86
Earnings per common share - basic, discontinued operations (in USD per share) (0.27) (0.01) 0.03
Total earnings per common share - basic (in USD per share) 1.54 2.58 2.90
Earnings (loss) per common share - diluted      
Earnings per common share - diluted, continuing operations (in USD per share) 1.79 2.56 2.82
Earnings per common share - diluted, discontinued operations (in USD per share) (0.26) (0.01) 0.03
Total earnings per common share - diluted (in USD per share) 1.52 2.54 2.85
Cash dividends per common share (in USD per share) $ 1.72 $ 1.53 $ 1.3300