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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 29, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 243,235 $ 222,848
Accounts receivable, net 470,257 443,467
Inventories 639,938 626,216
Prepaid expenses and other current assets 116,928 107,471
Prepaid taxes 28,945 7,404
Total current assets 1,499,303 1,407,406
Property, plant and equipment, net 512,224 479,913
Operating lease assets 112,895 123,521
Goodwill 2,918,562 2,914,055
Intangible assets, net 2,325,105 2,501,960
Deferred tax assets 6,779 6,748
Other assets 111,423 98,943
Total assets 7,486,291 7,532,546
Current liabilities    
Current borrowings 96,875 87,500
Accounts payable 119,255 132,247
Accrued expenses 157,782 146,880
Payroll and benefit-related liabilities 142,619 146,535
Accrued interest 16,657 5,583
Income taxes payable 18,681 41,453
Other current liabilities 66,884 46,547
Total current liabilities 618,753 606,745
Long-term borrowings 1,661,546 1,727,572
Deferred tax liabilities 445,841 456,080
Pension and postretirement benefit liabilities 23,548 23,989
Noncurrent liability for uncertain tax positions 3,369 3,370
Noncurrent operating lease liabilities 102,938 111,300
Other liabilities 148,579 162,502
Total liabilities 3,004,574 3,091,558
Commitments and contingencies
Total shareholders' equity 4,481,717 4,440,988
Total liabilities and shareholders' equity $ 7,486,291 $ 7,532,546