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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

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