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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 29, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 98.3 $ 118.9
Marketable securities 0.0 48.4
Accounts receivable, net 282.4 303.3
Inventories 533.7 577.8
Prepaid expenses and other current assets 262.4 262.1
Assets held for sale 42.1 0.0
Total current assets 1,218.9 1,310.5
Property, plant and equipment, net 1,380.2 1,443.8
Marketable securities 0.0 7.4
Right-of-use assets 168.7 169.6
Goodwill 649.5 2,492.0
Intangible assets, net 2,735.6 2,934.3
Deferred tax assets 0.0 25.9
Other assets 270.7 179.6
Total assets 6,423.6 8,563.1
Current liabilities:    
Accounts payable 246.0 294.8
Accrued payroll and related expenses 116.9 84.8
Income tax payable 5.4 11.1
Current portion of borrowings 341.8 139.8
Other current liabilities 288.7 303.3
Total current liabilities 998.8 833.8
Operating lease liabilities 167.2 172.8
Long-term borrowings 2,141.3 2,274.8
Deferred tax liabilities 76.5 192.2
Other liabilities 55.3 83.6
Total liabilities 3,439.1 3,557.2
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Preferred stock, $0.001 par value per share; 5.0 shares authorized; none issued or outstanding at December 29, 2024 and December 31, 2023 0.0 0.0
Common stock, $0.001 par value per share; 126.2 shares authorized; 67.3 and 66.7 shares issued and outstanding at December 29, 2024 and December 31, 2023, respectively 0.1 0.1
Additional paid-in capital 2,884.8 2,848.0
Accumulated other comprehensive loss (36.2) (30.0)
Retained earnings 135.8 2,187.8
Total stockholders’ equity 2,984.5 5,005.9
Total liabilities and stockholders’ equity $ 6,423.6 $ 8,563.1