Avery Dennison Corp
For the period ended Dec 28, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
AVY$189.04+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December , 202 and December
Consolidated Balance Sheets
| (Dollars in millions, except per share amount) | December 28, 2024 | December 30, 2023 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $329.1 | $215.0 |
| Trade accounts receivable, less allowances of $29.0 and $34.4 at year-end 2024 and 2023, respectively | 1,466.2 | 1,414.9 |
| Inventories | 978.1 | 920.7 |
| Other current assets | 305.3 | 245.4 |
| Total current assets | 3,078.7 | 2,796.0 |
| Property, plant and equipment, net | 1,586.7 | 1,625.8 |
| Goodwill | 1,976.2 | 2,013.6 |
| Other intangibles resulting from business acquisitions, net | 755.3 | 849.1 |
| Deferred tax assets | 110.0 | 115.7 |
| Other assets | 897.3 | 809.6 |
| Total assets | $8,404.2 | $8,209.8 |
| Liabilities and Shareholders’ Equity | ||
| Current liabilities: | ||
| Short-term borrowings and current portion of long-term debt and finance leases | $592.3 | $622.2 |
| Accounts payable | 1,340.7 | 1,277.1 |
| Accrued payroll and employee benefits | 288.9 | 213.4 |
| Accrued trade rebates | 157.9 | 142.4 |
| Income taxes payable | 74.7 | 57.6 |
| Other current liabilities | 408.1 | 386.8 |
| Total current liabilities | 2,862.6 | 2,699.5 |
| Long-term debt and finance leases | 2,559.9 | 2,622.1 |
| Long-term retirement benefits and other liabilities | 434.6 | 500.3 |
| Deferred tax liabilities and income taxes payable | 234.8 | 260.0 |
| Commitments and contingencies (see Notes 7 and 8) | ||
| Shareholders’ equity: | ||
| Common stock, $1 par value per share, authorized – 400,000,000 shares at year-end 2024 and 2023; issued – 124,126,624 shares at year-end 2024 and 2023; outstanding – 79,800,396 and 80,495,585 shares at year-end 2024 and 2023, respectively | 124.1 | 124.1 |
| Capital in excess of par value | 840.6 | 854.5 |
| Retained earnings | 5,151.2 | 4,691.8 |
| Treasury stock at cost, 44,326,228 and 43,631,039 shares at year-end 2024 and 2023, respectively | (3,347.5) | (3,134.4) |
| Accumulated other comprehensive loss | (456.1) | (408.1) |
| Total shareholders’ equity | 2,312.3 | 2,127.9 |
| Total liabilities and shareholders' equity | $8,404.2 | $8,209.8 |
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