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Condensed Consolidated Balance Sheets - USD ($)
shares in Millions, $ in Millions
Sep. 28, 2024
Dec. 31, 2023
Assets    
Cash, cash equivalents and restricted cash $ 1,463.5 $ 751.3
Accounts receivable, net of allowance for credit losses of $7.5 and $7.8, respectively 785.9 739.6
Inventories 1,133.8 1,140.9
Prepaid expenses and other current assets 311.6 201.1
Current assets held for sale 13.0 0.0
Total current assets 3,707.8 2,832.9
Property, plant and equipment, net 909.1 916.4
Operating lease assets 182.2 183.6
Goodwill and indefinite-lived intangible assets 3,426.8 3,534.4
Definite-lived intangible assets, net 2,655.4 2,980.8
Deferred income taxes 22.4 25.8
Other non-current assets 299.5 335.2
Total non-current assets 7,495.4 7,976.2
Total assets 11,203.2 10,809.1
Liabilities    
Accounts payable 458.5 477.7
Payroll and related taxes 137.8 127.0
Accrued customer programs 168.3 163.5
Other accrued liabilities 227.0 335.4
Accrued income taxes 10.0 42.1
Current indebtedness 440.7 440.6
Current liabilities held for sale 8.2 0.0
Total current liabilities 1,450.5 1,586.3
Non-current liabilities    
Long-term debt, less current portion 4,312.6 3,632.8
Deferred income taxes 213.8 262.3
Other non-current liabilities 660.3 559.8
Total non-current liabilities 5,186.7 4,454.9
Total liabilities 6,637.2 6,041.2
Contingencies - Refer to Note 17
Controlling interests:    
Preferred shares, $0.0001 par value per share, 10 shares authorized 0.0 0.0
Ordinary shares, €0.001 par value per share, 10,000 shares authorized 6,763.9 6,837.5
Accumulated other comprehensive income 9.8 10.7
Retained earnings (accumulated deficit) (2,207.7) (2,080.3)
Total shareholders’ equity 4,566.0 4,767.9
Total liabilities and shareholders' equity $ 11,203.2 $ 10,809.1
Supplemental Disclosures of Balance Sheet Information    
Preferred shares, issued (in shares) 0.0 0.0
Preferred shares, outstanding (in shares) 0.0 0.0
Ordinary shares, issued (in shares) 136.5 135.5
Ordinary shares, outstanding (in shares) 136.5 135.5