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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Cash flows from operating activities:    
Net income $ 244,933 $ 291,477
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 22,346 23,734
Deferred income taxes 3,958 (6,435)
Depreciation 44,375 40,172
Amortization of intangibles 51,368 29,866
Change in operating assets and liabilities:    
Decrease in accounts receivable 69,642 50,273
Increase in inventories (16,709) (63,607)
Increase in other current assets (12,549) (19,044)
Decrease in other assets 6,802 12
Decrease in accounts payable and other current liabilities (31,206) (122,836)
Increase in deferred revenue and customer advances 69,352 81,659
Decrease in other liabilities (134,908) (90,402)
Net cash provided by operating activities 317,404 214,869
Cash flows from investing activities:    
Additions to property, plant, equipment and software capitalization (64,759) (80,997)
Business acquisitions, net of cash acquired 0 (1,285,907)
Investments in unaffiliated companies (1,064) 0
Purchases of investments (1,855) (893)
Maturities and sales of investments 1,819 877
Net cash used in investing activities (65,859) (1,366,920)
Cash flows from financing activities:    
Proceeds from debt issuances 170,000 1,450,040
Payments on debt (520,000) (395,040)
Payments of debt issuance costs 0 (218)
Proceeds from stock plans 21,836 8,628
Purchases of treasury shares (13,334) (69,741)
Proceeds from derivative contracts 15,285 5,294
Net cash (used in) provided by financing activities (326,213) 998,963
Effect of exchange rate changes on cash and cash equivalents 6,019 2,252
Decrease in cash and cash equivalents (68,649) (150,836)
Cash and cash equivalents at beginning of period 395,076 480,529
Cash and cash equivalents at end of period $ 326,427 $ 329,693