XML 36 R26.htm IDEA: XBRL DOCUMENT
v3.20.2

Balance Sheet Information and Other - (Tables) | 6 Months Ended
--- | ---
Jul. 03, 2020
Balance Sheet Related Disclosures [Abstract] |
Summary of Changes in Goodwill | Changes in the goodwill balance from December 31, 2019 through July 3, 2020 were as follows (in millions):
Net balance as of December 31, 2019 |  | $ | 1,659.2 |
Addition due to business combination |  | 4.2 |
Net balance as of July 3, 2020 |  | $ | 1,663.4 |
Schedule of Inventory | Details of Inventory included in the Company’s Consolidated Balance Sheets are as follows (in millions):
| As of |  |
| July 3, 2020 |  | December 31, 2019
Inventories: |  |  |
Raw materials | $ | 148.0 |  |  | $ | 138.4 |
Work in process | 848.0 |  |  | 772.9 |
Finished goods | 289.4 |  |  | 321.1 |
| $ | 1,285.4 |  |  | $ | 1,232.4 |
Schedule of Net Periodic Pension Expense | The components of the net periodic pension expense were as follows (in millions):
| Quarters Ended |  |  |  | Six Months Ended |  |  |  |  |  |  |  |  |  |  |  |
| July 3, 2020 |  | June 28, 2019 |  | July 3, 2020 |  | June 28, 2019 |  |  |  |  |  |  |  |  |  |
Service cost | $ | 2.7 |  |  | $ | 2.4 |  |  | $ | 5.4 |  |  | $ | 4.7 |  |  |  |  |  |  |  |  |  |  |
Interest cost | 1.1 |  |  | 1.2 |  |  | 2.3 |  |  | 2.5 |  |  |  |  |  |  |  |  |  |  |
Expected return on plan assets | (1.5) |  |  | (1.5) |  |  | (3.1) |  |  | (3.0) |  |  |  |  |  |  |  |  |  |  |
Curtailment gain | (1.6) |  |  | — |  |  | (1.6) |  |  | — |  |  |  |  |  |  |  |  |  |  |
Total net periodic pension cost | $ | 0.7 |  |  | $ | 2.1 |  |  | $ | 3.0 |  |  | $ | 4.2 |  |  |  |  |  |  |  |  |  |  |
Schedule of Components of Lease Expense | The components of lease expense were as follows (in millions):
| Quarters Ended |  |  |  | Six Months Ended |  |  |
| July 3, 2020 |  | June 28, 2019 |  | July 3, 2020 |  | June 28, 2019 |
Operating lease | $ | 9.1 |  |  | $ | 8.3 |  |  | $ | 18.2 |  |  | $ | 16.6 |  |
Variable lease | 0.7 |  |  | 1.0 |  |  | 1.8 |  |  | 2.1 |  |
Short-term lease | 1.2 |  |  | 0.6 |  |  | 2.4 |  |  | 1.3 |  |
Total lease expense | $ | 11.0 |  |  | $ | 9.9 |  |  | $ | 22.4 |  |  | $ | 20.0 |  |
The lease liabilities recognized in the Consolidated Balance Sheets are as follows (in millions):
| As of |  |
| July 3, 2020 |  | December 31, 2019
Accrued expenses and other current liabilities | $ | 27.6 |  |  | $ | 26.1 |
Other long-term liabilities | 120.1 |  |  | 87.9 |
Total lease obligations | $ | 147.7 |  |  | $ | 114.0 |
Schedule of Cash and Non-cash Activities | Certain of the Company's cash and non-cash activities were as follows (in millions):
|  | Six Months Ended |  |  |  |  |
|  | July 3, 2020 |  | June 28, 2019 |  |  |
Non-cash investing activities: |  |  |  |  |  |  |
Capital expenditures in accounts payable and other long-term liabilities |  | $ | 152.8 |  |  | $ | 173.0 |  |  |  |
Sale of property in exchange of note receivable |  | 4.7 |  |  | $ | — |  |  |  |
Right-of-use assets obtained in exchange of lease liabilities |  | 49.0 |  |  | 4.8 |  |  |  |
Non-cash financing activity: |  |  |  |  |  |  |
Liability incurred for purchase of business |  | $ | — |  |  | $ | 38.9 |  |  |  |
Cash (received) paid for: |  |  |  |  |  |  |
Interest income |  | $ | (3.4) |  |  | $ | (3.0) |  |  |  |
Interest expense |  | 58.4 |  |  | 40.3 |  |  |  |
Income taxes |  | 15.5 |  |  | 32.1 |  |  |  |
Operating lease payments in operating cash flows |  | 18.3 |  |  | 17.5 |  |  |  |
Schedule of Cash and Cash Equivalents | Reconciliation of the captions in the Consolidated Balance Sheets to the Consolidated Statements of Cash Flows (in millions):
|  | As of |  |  |  |  |  |
|  | July 3, 2020 |  | December 31, 2019 |  | June 28, 2019 |  | December 31, 2018
Consolidated Balance Sheets: |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 2,060.4 |  |  | $ | 894.2 |  |  | $ | 885.2 |  |  | $ | 1,069.6 |
Restricted cash (included in other current assets) |  | 0.3 |  |  | — |  |  | 13.9 |  |  | 17.5 |
Cash, cash equivalents and restricted cash in Consolidated Statements of Cash Flows |  | $ | 2,060.7 |  |  | $ | 894.2 |  |  | $ | 899.1 |  |  | $ | 1,087.1 |
Schedule of Restrictions on Cash and Cash Equivalents | Reconciliation of the captions in the Consolidated Balance Sheets to the Consolidated Statements of Cash Flows (in millions):
|  | As of |  |  |  |  |  |
|  | July 3, 2020 |  | December 31, 2019 |  | June 28, 2019 |  | December 31, 2018
Consolidated Balance Sheets: |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 2,060.4 |  |  | $ | 894.2 |  |  | $ | 885.2 |  |  | $ | 1,069.6 |
Restricted cash (included in other current assets) |  | 0.3 |  |  | — |  |  | 13.9 |  |  | 17.5 |
Cash, cash equivalents and restricted cash in Consolidated Statements of Cash Flows |  | $ | 2,060.7 |  |  | $ | 894.2 |  |  | $ | 899.1 |  |  | $ | 1,087.1 |

X
- References No definition available. + Details
Name: | us-gaap_BalanceSheetRelatedDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of cash and cash equivalents. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashAndCashEquivalentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(c)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 + Details
Name: | us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cash and cash equivalents restricted as to withdrawal or usage. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(1)(a)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=121583591&loc=SL98516268-108586 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(2)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration