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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 29, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 108.4 $ 148.7
Accounts receivable, net 216.1 203.0
Inventories 299.4 249.8
Other current assets 63.0 75.7
TOTAL CURRENT ASSETS 686.9 677.2
Property, plant and equipment, net of accumulated depreciation 456.7 356.6
Operating lease right-of-use assets, net of accumulated amortization 71.3 60.1
Goodwill 1,129.4 925.1
Other intangible assets, net of accumulated amortization 577.9 335.5
Other assets 38.0 27.2
TOTAL ASSETS 2,960.2 2,381.7
Current liabilities    
Accounts payable 175.3 151.4
Current portion of long-term debt 0.0 17.6
Current operating lease liabilities 16.8 16.1
Other current liabilities 186.3 164.3
TOTAL CURRENT LIABILITIES 378.4 349.4
Long-term debt 1,062.3 690.2
Deferred income taxes 154.0 83.6
Pension and other postretirement plan liabilities 7.5 7.9
Operating lease liabilities 56.7 46.3
Other non-current liabilities 13.7 10.5
TOTAL LIABILITIES 1,672.6 1,187.9
Contingencies and Accrued Losses (Note 14)
Equity    
Common stock (par value $0.01 per share; authorized 750.0 million shares; 130.1 million issued and 127.1 million outstanding as of September 29, 2024; 129.1 million issued and 126.8 million outstanding as of December 31, 2023) 1.3 1.3
Paid-in capital 34.6 17.8
Treasury stock, at cost (37.9) (26.1)
Accumulated other comprehensive loss (26.8) (3.7)
Retained earnings 1,316.4 1,204.5
TOTAL EQUITY 1,287.6 1,193.8
TOTAL LIABILITIES AND EQUITY $ 2,960.2 $ 2,381.7