XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 01, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 150.7 $ 202.9
Trade accounts receivable, net of allowance for credit losses of $11.8 million and $7.7 million at July 1, 2023 and December 31, 2022, respectively 348.8 445.9
Inventories 542.6 501.0
Other current assets 166.1 158.8
Total current assets 1,208.2 1,308.6
Lease receivable, non-current 77.5 73.1
Deferred costs and other contract assets 42.3 41.9
Property and equipment, net 410.0 402.5
Intangible assets, net 426.5 460.6
Trademarks - (Note 9) 239.2 262.0
Goodwill 410.9 445.4
Deferred tax assets 88.4 102.5
Other non-current assets 108.2 114.0
Total assets 3,011.2 3,210.6
Current liabilities    
Accounts payable 265.5 276.8
Accrued compensation 50.2 89.3
Deferred revenue and other contract liabilities, current 73.7 80.6
Other current liabilities 182.5 183.3
Total current liabilities 571.9 630.0
Long-term debt 888.8 941.6
Deferred tax liabilities 118.9 163.6
Other non-current liabilities 123.3 136.5
Total liabilities 1,702.9 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 July 1, 2023 and December 31, 2022, respectively 0.1 0.1
Treasury stock, 19.5 million and 19.5 million shares at July 1, 2023 and December 31, 2022, respectively (1,169.2) (1,169.2)
Additional paid-in capital 773.7 782.2
Accumulated other comprehensive (loss) income (47.6) 11.5
Retained earnings 1,751.3 1,714.3
Total stockholders’ equity 1,308.3 1,338.9
Total liabilities and stockholders’ equity 3,011.2 3,210.6
Customer relationships    
Current assets    
Intangible assets, net 182.0 201.6
Acquired technologies    
Current assets    
Intangible assets, net 144.3 160.1
Other intangible assets, net    
Current assets    
Intangible assets, net $ 100.2 $ 98.9