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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Apr. 02, 2023
Apr. 03, 2022
OPERATING ACTIVITIES:    
Net income $ 48.8 $ 479.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 114.2 15.3
Stock-based compensation expense 11.0 7.4
Net change in operating lease right-of-use assets and liabilities 0.1 9.4
Other non-cash, net 0.4 2.5
Changes in assets and liabilities:    
Accounts receivable 187.2 (191.5)
Inventories (37.3) 17.3
Prepaid expenses and other current and non-current assets (55.1) (7.3)
Accounts payable (21.4) 52.6
Accrued payroll and related expenses (29.6) (10.9)
Income taxes payable (32.7) 138.4
Other current and non-current liabilities 3.3 (12.2)
Net cash provided by operating activities 188.9 500.9
INVESTING ACTIVITIES    
Acquisitions of property, plant, equipment and intangibles (66.0) (22.5)
Proceeds from government assistance allocated to fixed assets 0.3 0.0
Purchases of marketable securities (31.6) (15.9)
Proceeds from sale of marketable securities 28.4 13.7
Net cash used for investing activities (68.9) (24.7)
FINANCING ACTIVITIES    
Proceeds from issuance of common stock 1.8 3.5
Payments on long-term borrowings (51.9) (0.1)
Payments of tax withholdings related to vesting of stock-based awards (9.5) (6.8)
Net cash used for financing activities (59.6) (3.4)
Effect of exchange rates on cash 0.6 (0.1)
Net increase in cash, cash equivalents and restricted cash 61.0 472.7
Cash, cash equivalents and restricted cash at beginning of period 293.9 802.8
Cash, cash equivalents and restricted cash at end of period 354.9 1,275.5
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Purchase of property, equipment and intangibles by incurring current liabilities 19.8 13.7
Transfer of instrument inventories to fixed assets 35.0 0.0
Reduction of other current liabilities upon issuance of restricted share units $ 1.9 $ 2.9