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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 29, 2024
Dec. 31, 2023
Jan. 01, 2023
Income Statement [Abstract]      
Total revenues $ 2,782.9 $ 2,997.8 $ 3,266.0
Cost of sales, excluding amortization of intangibles 1,496.4 1,500.7 1,329.8
Selling, marketing and administrative 766.8 763.2 621.0
Research and development 218.7 245.0 187.9
Amortization of intangible assets 203.4 204.8 132.5
Acquisition and integration costs 127.2 113.4 136.0
Goodwill impairment charge 1,822.6 0.0 0.0
Asset impairment charge 56.9 4.5 2.8
Other operating expenses 51.8 27.1 12.3
Operating (loss) income (1,960.9) 139.1 843.7
Interest expense, net 163.5 147.6 75.7
Loss on extinguishment of debt 0.0 0.0 24.0
Other expense, net 7.1 20.6 8.1
(Loss) income before income taxes (2,131.5) (29.1) 735.9
(Benefit from) provision for income taxes (79.5) (19.0) 187.2
Net (loss) income $ (2,052.0) $ (10.1) $ 548.7
Basic (loss) earnings per share $ (30.54) $ (0.15) $ 9.66
Diluted (loss) earnings per share $ (30.54) $ (0.15) $ 9.56
Weighted-average shares outstanding - basic 67.2 66.8 56.8
Weighted-average shares outstanding - diluted 67.2 66.8 57.4