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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 01, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 174.1 $ 202.9
Trade accounts receivable, net of allowance for credit losses of $8.0 million and $7.7 million at April 1, 2023 and December 31, 2022, respectively 411.2 445.9
Inventories 503.5 501.0
Other current assets 172.0 158.8
Total current assets 1,260.8 1,308.6
Lease receivable, non-current 81.9 73.1
Deferred costs and other contract assets 42.9 41.9
Property and equipment, net 402.1 402.5
Intangible assets, net 437.5 460.6
Trademarks - (Note 9) 252.3 262.0
Goodwill 421.9 445.4
Deferred tax assets 111.9 102.5
Other non-current assets 104.2 114.0
Total assets 3,115.5 3,210.6
Current liabilities    
Accounts payable 249.1 276.8
Accrued compensation 72.9 89.3
Deferred revenue and other contract liabilities, current 81.7 80.6
Other current liabilities 179.5 183.3
Total current liabilities 583.2 630.0
Long-term debt 897.5 941.6
Deferred tax liabilities 168.4 163.6
Other non-current liabilities 136.1 136.5
Total liabilities 1,785.2 1,871.7
Commitments and contingencies - (Note 24)
Stockholders’ equity    
Preferred stock, $0.001 par value; 5.0 million shares authorized; 0 shares issued and outstanding 0.0 0.0
Common stock, $0.001 par value; 100.0 million shares authorized; 52.8 million and 52.5 million shares issued and outstanding at April 1, 2023 and December 31, 2022, respectively 0.1 0.1
Treasury stock, 19.5 million and 19.5 million shares at April 1, 2023 and December 31, 2022, respectively (1,169.2) (1,169.2)
Additional paid-in capital 781.6 782.2
Accumulated other comprehensive (loss) income (17.8) 11.5
Retained earnings 1,735.6 1,714.3
Total stockholders’ equity 1,330.3 1,338.9
Total liabilities and stockholders’ equity 3,115.5 3,210.6
Customer relationships    
Current assets    
Intangible assets, net 191.0 201.6
Acquired technologies    
Current assets    
Intangible assets, net 146.8 160.1
Other intangible assets, net    
Current assets    
Intangible assets, net $ 99.7 $ 98.9