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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 29, 2024
Dec. 30, 2023
Current assets    
Cash and cash equivalents $ 129.6 $ 163.0
Trade accounts receivable, net of allowance for credit losses of $4.9 million and $4.8 million at June 29, 2024 and December 30, 2023, respectively 337.7 355.5
Inventories 513.0 545.0
Other current assets 161.9 168.4
Total current assets 1,142.2 1,231.9
Lease receivable, non-current 66.5 71.4
Deferred costs and other contract assets 58.8 57.3
Property and equipment, net 413.9 424.4
Finite-lived intangible assets, net 390.5 419.9
Trademarks - (Note 9) 215.6 232.4
Goodwill 389.0 407.7
Deferred tax assets 107.0 107.2
Other non-current assets 110.4 89.3
Total assets 2,893.9 3,041.5
Current liabilities    
Accounts payable 216.0 251.5
Accrued compensation 72.2 62.6
Deferred revenue and other contract liabilities, current 79.8 87.3
Other current liabilities 178.2 162.4
Total current liabilities 546.2 563.8
Long-term debt 746.5 871.7
Deferred tax liabilities 102.1 111.7
Other non-current liabilities 130.3 129.5
Total liabilities 1,525.1 1,676.7
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; 53.2 million and 52.8 million shares issued and outstanding at June 29, 2024 and December 30, 2023, respectively 0.1 0.1
Treasury stock, 19.5 million and 19.5 million shares at June 29, 2024 and December 30, 2023, respectively (1,169.2) (1,169.2)
Additional paid-in capital 810.6 783.4
Accumulated other comprehensive loss (103.4) (45.3)
Retained earnings 1,830.7 1,795.8
Total stockholders’ equity 1,368.8 1,364.8
Total liabilities and stockholders’ equity 2,893.9 3,041.5
Customer relationships, net - (Note 9)    
Current assets    
Finite-lived intangible assets, net 162.2 177.7
Acquired technologies, net - (Note 9)    
Current assets    
Finite-lived intangible assets, net 112.0 129.4
Other intangible assets, net - (Note 9)    
Current assets    
Finite-lived intangible assets, net $ 116.3 $ 112.8