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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 25, 2022
Current assets    
Cash and cash equivalents $ 148.7 $ 101.1
Accounts receivable, net 203.0 289.6
Inventories 249.8 373.1
Other current assets 75.7 66.2
TOTAL CURRENT ASSETS 677.2 830.0
Property, plant and equipment, net of accumulated depreciation 356.6 352.6
Operating lease right-of-use assets, net of accumulated amortization 60.1 52.3
Goodwill 925.1 924.2
Other intangible assets, net of accumulated amortization 335.5 349.8
Other assets 27.2 20.5
TOTAL ASSETS 2,381.7 2,529.4
Current liabilities    
Accounts payable 151.4 219.2
Current portion of long-term debt 17.6 17.5
Current operating lease liabilities 16.1 13.9
Other current liabilities 164.3 160.5
TOTAL CURRENT LIABILITIES 349.4 411.1
Long-term debt 690.2 961.5
Deferred income taxes 83.6 87.3
Pension and other postretirement plan liabilities 7.9 12.2
Operating lease liabilities 46.3 40.7
Other non-current liabilities 10.5 7.4
TOTAL LIABILITIES 1,187.9 1,520.2
Commitments (Note 15) and Contingencies and Accrued Losses (Note 16)
Equity    
Common stock (par value $0.01 per share; authorized 750.0 million shares; 129.1 million shares issued and 126.8 million outstanding as of December 31, 2023; 128.0 shares issued and outstanding as of December 25, 2022 ) 1.3 1.3
Paid-in capital 17.8 0.0
Treasury stock, at cost (26.1) (0.1)
Accumulated other comprehensive loss (3.7) (14.5)
Retained earnings 1,204.5 1,022.5
TOTAL EQUITY 1,193.8 1,009.2
TOTAL LIABILITIES AND EQUITY $ 2,381.7 $ 2,529.4