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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jul. 03, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,125.6 $ 1,211.7
Trade accounts receivable, less allowance for credit losses of $21.8 and $22.5, respectively 436.9 429.6
Inventories, net 290.9 288.1
Prepaid expenses and other current assets 104.6 97.2
Total current assets 1,958.0 2,026.6
Property, plant and equipment, net 295.7 296.8
Operating lease right-of-use assets 146.2 142.1
Other long-term assets 230.4 228.1
Goodwill, net 2,353.5 2,358.2
Other intangible assets, net 613.3 627.2
Total assets 5,597.1 5,679.0
Current liabilities:    
Trade accounts payable 190.2 191.6
Accrued expenses and other liabilities 578.6 622.0
Operating lease liabilities 38.5 39.0
Total current liabilities 807.3 852.6
Operating lease liabilities 113.2 110.4
Other long-term liabilities 164.0 161.4
Long-term debt 1,436.3 1,448.3
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value, 15.0 million shares authorized; no shares issued or outstanding at July 3, 2026 and December 31, 2025 0.0 0.0
Common stock, $0.01 par value, 500.0 million shares authorized; 176.4 million shares issued and 160.6 million shares outstanding at July 3, 2026; 175.4 million shares issued and 163.8 million shares outstanding at December 31, 2025 1.8 1.8
Treasury stock at cost; 15.8 million shares and 11.6 million shares at July 3, 2026 and December 31, 2025, respectively (333.7) (224.5)
Additional paid-in capital 3,906.1 3,882.6
Accumulated deficit (348.0) (440.4)
Accumulated other comprehensive loss (149.9) (113.2)
Total stockholders’ equity 3,076.3 3,106.3
Total liabilities and stockholders’ equity $ 5,597.1 $ 5,679.0