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Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 02, 2023
Jan. 01, 2023
Current assets:    
Cash and cash equivalents $ 353.9 $ 292.9
Marketable securities 42.8 52.1
Accounts receivable, net 274.8 453.9
Inventories 528.6 524.1
Prepaid expenses and other current assets 298.8 252.1
Total current assets 1,498.9 1,575.1
Property, plant and equipment, net 1,361.7 1,339.0
Marketable securities 33.8 21.0
Right-of-use assets 179.4 181.0
Goodwill 2,491.3 2,476.8
Intangible assets, net 3,078.5 3,123.8
Deferred tax asset 16.5 16.4
Other assets 127.0 122.7
Total assets 8,787.1 8,855.8
Current liabilities:    
Accounts payable 241.5 283.3
Accrued payroll and related expenses 108.5 139.2
Income tax payable 16.3 51.6
Current portion of borrowings 207.5 207.5
Other current liabilities 334.0 325.4
Total current liabilities 907.8 1,007.0
Operating lease liabilities 183.3 186.4
Long-term borrowings 2,379.6 2,430.8
Deferred tax liability 208.8 213.2
Other liabilities 111.1 83.8
Total liabilities 3,790.6 3,921.2
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $0.001 par value per share; 5.0 shares authorized; none issued or outstanding at April 2, 2023 and January 1, 2023 0.0 0.0
Common stock, $0.001 par value per share; 126.2 shares authorized; 66.6 and 66.4 shares issued and outstanding at April 2, 2023 and January 1, 2023, respectively 0.1 0.0
Additional paid-in capital 2,809.0 2,804.3
Accumulated other comprehensive loss (59.3) (67.6)
Retained earnings 2,246.7 2,197.9
Total stockholders’ equity 4,996.5 4,934.6
Total liabilities and stockholders’ equity $ 8,787.1 $ 8,855.8