Consolidated Balance Sheets

    January 3, December 28,
(in thousands, except share amounts) 1999 1997

Assets
 
Current assets
  Cash and cash equivalents   $ 15,190   $ 21,117
  Investments in marketable equity securities   71,676   3,366
  Accounts receivable, net   236,514   244,203
  Federal and state income taxes   35,395   --
  Inventories   20,154   19,213
  Other current assets   25,949   23,959
     
 
      404,878   311,858
 
Property, plant and equipment
  Buildings   248,764   188,836
  Machinery, equipment and fixtures   977,710   800,435
  Leasehold improvements   50,556   39,017
     
 
      1,277,030   1,028,288
 
  Less accumulated depreciation   (566,616)   (577,445)
     
 
      710,414   450,843
  Land   41,191   33,953
  Construction in progress   89,457   168,954
     
 
      841,062   653,750
 
Investments in marketable equity securities   184,440   --
 
Investments in affiliates   68,530   154,791
 
Goodwill and other intangibles, less accumulated
  amortization of $286,135 and $241,308   883,232   679,714
 
Prepaid pension cost   256,134   194,137
 
Deferred charges and other assets   91,385   83,067
     
 
      $2,729,661   $2,077,317
     
 
 


The information in the Notes to Consolidated Financial Statements is an integral part of the financial statements.



      January 3, December 28,
(in thousands, except share amounts) 1999 1997

Liabilities and shareholders' equity
 
Current liabilities
  Accounts payable and accrued liabilities   $ 245,068   $ 213,824
  Federal and state income taxes   --   18,352
  Deferred subscription revenue   85,649   80,186
  Short-term borrowings   58,362   296,394
       
 
        389,079   608,756
 
Other liabilities   261,896   241,234
 
Deferred income taxes   83,710   31,306
 
Long-term debt   395,000   --
       
 
        1,129,685   881,296
       
 
Commitments and contingencies
 
Redeemable preferred stock, Series A, $1 par value, with        
  a redemption and liquidation value of $1,000 per share; 23,000 shares authorized; 11,873 and 11,947 shares issued and outstanding   11,873   11,947
 
Preferred stock, $1 par value; 977,000 shares authorized,        
  none issued   --   --
 
Common shareholders' equity
  Common stock
    Class A common stock, $1 par value; 7,000,000 shares authorized; 1,739,250 shares issued and outstanding   1,739   1,739
    Class B common stock, $1 par value; 40,000,000 shares authorized; 18,260,750 issued; 8,353,994 and 8,349,962 shares outstanding   18,261   18,261
  Capital in excess of par value   46,199   33,415
  Retained earnings   2,597,217   2,231,341
 Accumulated other comprehensive income (loss), net of taxes
    Cumulative foreign currency translation adjustment   (1,600)   (464)
    Unrealized gain on available-for-sale securities   41,980   31
  Cost of 9,906,756 and 9,910,788 shares of Class B common stock held in treasury   (1,115,693)   (1,100,249)
       
 
        1,588,103   1,184,074
       
 
        $2,729,661   $2,077,317
       
 
 
 


The information in the Notes to Consolidated Financial Statements is an integral part of the financial statements.