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Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 02, 2022
Jan. 02, 2022
Current assets:    
Cash and cash equivalents $ 212.2 $ 802.8
Marketable securities 51.8 25.7
Accounts receivable, net 416.6 378.0
Inventories 536.2 198.8
Prepaid expenses and other current assets 228.4 35.0
Total current assets 1,445.2 1,440.3
Property, plant and equipment, net 1,261.6 349.2
Marketable securities 20.3 37.9
Right-of-use assets 163.7 127.6
Goodwill 2,357.7 337.0
Intangible assets, net 3,223.9 98.7
Deferred tax asset 18.7 20.1
Other assets 164.4 19.6
Total assets 8,655.5 2,430.4
Current liabilities:    
Accounts payable 241.8 101.5
Accrued payroll and related expenses 115.5 40.4
Income tax payable 67.3 66.9
Current portion of borrowings 207.6 0.3
Other current liabilities 240.5 114.4
Total current liabilities 872.7 323.5
Operating lease liabilities 162.5 128.6
Long-term borrowings 2,482.0 0.4
Deferred tax liability 256.4 0.0
Other liabilities 86.6 48.5
Total liabilities 3,860.2 501.0
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $0.001 par value per share; 5.0 shares authorized; none issued or outstanding at October 2, 2022 and January 2, 2022 0.0 0.0
Common stock, $0.001 par value per share; 126.2 and 97.5 shares authorized; 66.0 and 41.7 shares issued and outstanding at October 2, 2022 and January 2, 2022, respectively 0.0 0.0
Additional paid-in capital 2,772.2 279.8
Accumulated other comprehensive (loss) income (144.5) 0.4
Retained earnings 2,167.6 1,649.2
Total stockholders’ equity 4,795.3 1,929.4
Total liabilities and stockholders’ equity $ 8,655.5 $ 2,430.4