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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Oct. 02, 2022
Oct. 03, 2021
OPERATING ACTIVITIES:    
Net income $ 518.4 $ 412.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 167.0 37.3
Stock-based compensation expense 36.6 18.7
Net change in operating lease right-of-use assets and liabilities 9.9 2.6
Payment of accreted interest on contingent and deferred consideration (10.4) (8.2)
Loss on extinguishment of debt 24.0 0.0
Unwind inventory fair value adjustment 46.6 0.0
Other non-cash, net (3.7) 7.3
Changes in assets and liabilities:    
Accounts receivable 181.6 161.5
Inventories (97.9) (83.3)
Prepaid expenses and other current and non-current assets (41.3) (15.2)
Accounts payable 9.2 (3.5)
Accrued payroll and related expenses (3.6) (3.9)
Income taxes payable (9.2) (67.7)
Other current and non-current liabilities (111.3) 26.0
Net cash provided by operating activities 715.9 484.5
INVESTING ACTIVITIES    
Acquisitions of property, equipment, investments and intangibles (79.2) (260.4)
Acquisition of businesses, net of cash and restricted cash acquired (1,511.4) 0.0
Proceeds from government assistance allocated to fixed assets 15.8 36.9
Purchases of marketable securities (49.4) 0.0
Proceeds from sale of marketable securities 39.3 0.0
Net cash used for investing activities (1,584.9) (223.5)
FINANCING ACTIVITIES    
Proceeds from issuance of common stock 5.2 7.3
Proceeds from long-term borrowings, net of debt issuance costs 2,734.5 0.0
Payments on long-term borrowings and extinguishment costs (2,336.1) (0.2)
Payments of tax withholdings related to vesting of stock-based awards (8.0) (36.0)
Repurchases of common stock (74.3) (103.5)
Principal payments of acquisition contingent consideration (4.2) (4.7)
Principal payments of deferred consideration (33.4) (35.1)
Net cash provided by (used for) financing activities 283.7 (172.2)
Effect of exchange rates on cash (4.3) (0.3)
Net (decrease) increase in cash, cash equivalents and restricted cash (589.6) 88.5
Cash, cash equivalents and restricted cash at beginning of period 802.8 489.9
Cash, cash equivalents and restricted cash at end of period 213.2 578.4
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING TRANSACTIONS:    
Purchase of property, equipment and intangibles by incurring current liabilities 17.4 7.7
Transfer of instrument inventories to fixed assets 48.6 0.0
Reduction of other current liabilities upon issuance of restricted share units $ 4.6 $ 2.0