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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 163.0 $ 202.9
Trade accounts receivable, net of allowance for credit losses of $4.8 and $7.7 at December 30, 2023 and December 31, 2022, respectively 355.5 445.9
Inventories 545.0 501.0
Other current assets 168.4 158.8
Total current assets 1,231.9 1,308.6
Lease receivable, non-current 71.4 73.1
Deferred costs and other contract assets 57.3 41.9
Property and equipment, net 424.4 402.5
Finite-lived intangible assets, net 419.9 460.6
Trademarks - (Note 9) 232.4 262.0
Goodwill 407.7 445.4
Deferred tax assets 107.2 102.5
Other non-current assets 89.3 114.0
Total assets 3,041.5 3,210.6
Current liabilities    
Accounts payable 251.5 276.8
Accrued compensation 62.6 89.3
Deferred revenue and other contract-related liabilities, current 87.3 80.6
Other current liabilities 162.4 183.3
Total current liabilities 563.8 630.0
Long-term debt 871.7 941.6
Deferred tax liabilities 111.7 163.6
Other non-current liabilities 129.5 136.5
Total liabilities 1,676.7 1,871.7
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; 52.8 and 52.5 shares issued and outstanding at December 30, 2023 and December 31, 2022, respectively 0.1 0.1
Treasury stock, 19.5 and 19.5 shares at December 30, 2023 and December 31, 2022, respectively (1,169.2) (1,169.2)
Additional paid-in capital 783.4 782.2
Accumulated other comprehensive (loss) income (45.3) 11.5
Retained earnings 1,795.8 1,714.3
Total stockholders’ equity 1,364.8 1,338.9
Total liabilities and stockholders’ equity 3,041.5 3,210.6
Customer relationships    
Current assets    
Finite-lived intangible assets, net 177.7 201.6
Acquired technologies    
Current assets    
Finite-lived intangible assets, net 129.4 160.1
Other intangible assets, net    
Current assets    
Finite-lived intangible assets, net $ 112.8 $ 98.9