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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Jan. 01, 2022
Current assets    
Cash and cash equivalents $ 202.9 $ 745.3
Trade accounts receivable, net of allowance for credit losses of $7.7 and $2.2 at December 31, 2022 and January 1, 2022, respectively 445.9 200.8
Inventories 501.0 201.4
Other current assets 158.8 91.0
Total current assets 1,308.6 1,238.5
Lease receivable, non-current 73.1 73.6
Deferred costs and other contract assets 41.9 28.1
Property and equipment, net 402.5 272.8
Finite-lived intangible assets, net 460.6 72.5
Trademarks - (Note 9) 262.0 0.0
Goodwill 445.4 100.3
Deferred tax assets 102.5 52.6
Other non-current assets 114.0 48.6
Total assets 3,210.6 1,887.0
Current liabilities    
Accounts payable 276.8 75.6
Accrued compensation 89.3 70.8
Deferred revenue and other contract-related liabilities, current 80.6 50.9
Other current liabilities 183.3 70.4
Total current liabilities 630.0 267.7
Long-term debt 941.6 0.0
Deferred tax liabilities 163.6 5.1
Other non-current liabilities 136.5 64.0
Total liabilities 1,871.7 336.8
Commitments and contingencies - (Note 24)
Stockholders’ equity    
Preferred stock, $0.001 par value; 5.0 shares authorized; 0.0 shares issued and outstanding 0.0 0.0
Common stock, $0.001 par value; 100.0 shares authorized; 52.5 and 55.3 shares issued and outstanding at December 31, 2022 and January 1, 2022, respectively 0.1 0.1
Treasury stock, 19.5 and 16.5 shares at December 31, 2022 and January 1, 2022, respectively (1,169.2) (767.7)
Additional paid-in capital 782.2 752.5
Accumulated other comprehensive income (loss) 11.5 (5.5)
Retained earnings 1,714.3 1,570.8
Total stockholders’ equity 1,338.9 1,550.2
Total liabilities and stockholders’ equity 3,210.6 1,887.0
Customer relationships    
Current assets    
Finite-lived intangible assets, net 201.6 15.3
Acquired technologies    
Current assets    
Finite-lived intangible assets, net 160.1 19.7
Other intangible assets, net    
Current assets    
Finite-lived intangible assets, net $ 98.9 $ 37.5