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Business Combinations (Tables)

9 Months Ended

Oct. 29, 2022

Business Combination and Asset Acquisition [Abstract]

Summary of Total Merger Consideration

The following table summarized the total merger consideration (in millions):

Common stock issued			$	971.0
Stock consideration for replacement equity awards attributable to pre-combination service			33.2
Total merger consideration			$	1,004.2

The following table summarized the total merger consideration (in millions):

Cash consideration			$	3,673.2
Common stock issued			5,917.8
Stock consideration for replacement equity awards attributable to pre-combination service			82.3
Equity component of convertible debt			244.2
Total merger consideration			$	9,917.5

Schedule of Purchase Price Allocation

The purchase price allocation is as follows (in millions):

Cash and cash equivalents			$	60.4
Inventories			70.0
Goodwill			462.4
Acquired intangible assets, net			433.0
Other, net			(21.6)
Total merger consideration			$	1,004.2

The purchase price allocation is as follows (in millions):

			Previously Reported January 29, 2022 (Provisional)						Measurement Period Adjustment						October 29, 2022
Cash and cash equivalents			$	72.3					$	—					$	72.3
Accounts receivable, net			99.7						—						99.7
Inventories			270.4						—						270.4
Prepaid expenses and other current assets			213.3						—						213.3
Property and equipment, net			98.5						—						98.5
Acquired intangible assets, net			4,420.0						—						4,420.0
Other non-current assets			98.8						(2.2)						96.6
Goodwill			5,686.2						2.2						5,688.4
Accounts payable and accrued liabilities			(189.8)						—						(189.8)
Convertible debt – short-term			(313.7)						—						(313.7)
Convertible debt – long-term			(240.3)						—						(240.3)
Other non-current liabilities			(297.9)						—						(297.9)
Total merger consideration			$	9,917.5					$	—					$	9,917.5

Schedule of Supplemental Pro Forma Financial Information

The unaudited supplemental pro forma financial information for the periods presented is as follows (in millions):

						Nine Months Ended
						October 30, 2021
Pro forma net revenue						$	3,295.5
Pro forma net loss						$	(262.2)

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 2
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Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

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