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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 29, 2024
Dec. 31, 2023
Jan. 01, 2023
OPERATING ACTIVITIES:      
Net (loss) income $ (2,052.0) $ (10.1) $ 548.7
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 453.4 457.2 283.6
Goodwill impairment charge 1,822.6 0.0 0.0
Asset impairment charge 56.9 4.5 2.8
Stock-based compensation expense 42.1 51.6 48.4
Change in deferred tax assets and liabilities (99.3) (11.6) (44.0)
Net change in operating lease right-of-use assets and liabilities (0.2) 0.0 18.4
Payment of accreted interest on contingent and deferred consideration 0.0 (9.7) (10.4)
Loss on extinguishment of debt 0.0 0.0 24.0
Unwind inventory fair value adjustment 0.0 0.0 60.6
Asset write off 20.0 0.0 0.0
Other non-cash, net (1.8) (6.8) 6.4
Changes in assets and liabilities:      
Accounts receivable 5.4 160.0 150.2
Inventories (134.1) (211.6) (116.9)
Prepaid expenses and other current and non-current assets (9.5) (26.9) (26.2)
Accounts payable (23.4) 3.0 23.5
Accrued payroll and related expenses 35.0 (53.9) 18.2
Income taxes payable (9.5) (59.6) (26.8)
Other current and non-current liabilities (22.6) (5.9) (75.2)
Net cash provided by operating activities 83.0 280.2 885.3
INVESTING ACTIVITIES      
Acquisitions of property, plant, equipment, investments and intangibles (195.1) (209.3) (140.9)
Proceeds from held for sale asset, net of costs to sell 9.3 0.0 0.0
Acquisition of businesses, net of cash and restricted cash acquired 0.0 0.0 (1,511.4)
Proceeds from government assistance allocated to fixed assets 0.0 13.5 18.4
Purchases of marketable securities (7.2) (60.1) (63.7)
Proceeds from sale of marketable securities 63.1 78.3 53.4
Other payments (20.0) (10.0) 0.0
Net cash used for investing activities (149.9) (187.6) (1,644.2)
FINANCING ACTIVITIES      
Proceeds from issuance of common stock 5.0 11.6 26.4
Short-term borrowings, net (1.6) 1.6 0.0
Revolving credit facility, net 198.0 0.0 0.0
Proceeds from long-term borrowings, net of debt issuance costs 0.0 0.0 2,734.5
Payments on long-term borrowings and extinguishment costs (143.0) (228.0) (2,388.3)
Payments of tax withholdings related to vesting of stock-based awards (9.6) (13.5) (8.6)
Repurchases of common stock 0.0 (7.2) (74.3)
Principal payments of acquisition contingent consideration 0.0 0.0 (4.2)
Principal payments of deferred consideration 0.0 (30.3) (33.5)
Net cash provided by (used for) financing activities 48.8 (265.8) 252.0
Effect of exchange rates on cash (2.9) (1.2) (2.0)
Net decrease in cash, cash equivalents and restricted cash (21.0) (174.4) (508.9)
Cash, cash equivalents and restricted cash at beginning of period 119.5 293.9 802.8
Cash, cash equivalents and restricted cash at end of period 98.5 119.5 293.9
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Cash paid during the period for interest 177.5 150.0 95.1
Cash paid during the period for income taxes 41.6 86.6 264.8
Purchase of property, equipment and intangibles by incurring current liabilities 25.9 40.6 40.4
Transfer of instrument inventories to fixed assets 148.9 154.6 73.7
Reduction of other current liabilities upon issuance of restricted share units 0.3 1.9 4.6
Initial recognition of finance lease right-of-use asset and liability $ 12.5 $ 0.0 $ 0.0