Balance Sheet

v3.24.1.u1

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 30, 2024	Dec. 30, 2023
Current assets:
Cash and cash equivalents	$ 1,357,952	$ 1,170,893
Short-term investments	0	98,146
Accounts receivable, less allowance for doubtful accounts of $2,698 in 2024 and $2,830 in 2023	424,406	351,561
Inventories	356,869	380,248
Other current assets	45,379	39,173
Total current assets	2,184,606	2,040,021
Property, plant, and equipment, net	390,517	385,165
Operating lease right-of-use assets	33,819	35,170
Goodwill, net	151,246	151,820
Intangible assets, net	44,721	46,208
Investments in unconsolidated affiliates	71,648	83,436
Other assets	17,685	17,481
Total assets	2,894,242	2,759,301
Current liabilities:
Current portion of debt	705	796
Accounts payable	160,133	120,485
Accrued wages and other employee costs	29,954	55,644
Current portion of operating lease liabilities	8,072	7,893
Other current liabilities	162,417	132,320
Total current liabilities	361,281	317,138
Long-term debt, less current portion	130	185
Pension liabilities	2,144	2,832
Postretirement benefits other than pensions	9,217	9,230
Environmental reserves	14,919	15,030
Deferred income taxes	22,687	19,134
Noncurrent operating lease liabilities	25,451	26,683
Other noncurrent liabilities	10,043	10,353
Total liabilities	445,872	400,585
Mueller Industries, Inc. stockholders' equity:
Preferred stock - $1.00 par value; shares authorized 5,000,000; none outstanding	0	0
Common stock - $.01 par value; shares authorized 250,000,000; issued 160,366,008; outstanding 113,597,003 in 2024 and 114,157,918 in 2023	1,604	1,604
Additional paid-in capital	318,684	312,171
Retained earnings	2,709,950	2,594,300
Accumulated other comprehensive loss	(51,754)	(47,221)
Treasury common stock, at cost	(554,110)	(523,409)
Total Mueller Industries, Inc. stockholders' equity	2,424,374	2,337,445
Noncontrolling interests	23,996	21,271
Total equity	2,448,370	2,358,716
Commitments and contingencies	0	0
Total liabilities and equity	$ 2,894,242	$ 2,759,301

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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