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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 02, 2022
Jan. 02, 2022
Current Assets    
Cash and cash equivalents $ 479.3 $ 474.7
Accounts receivable, net 770.4 767.7
Unbilled receivables, net 309.5 316.1
Inventories, net 834.1 752.9
Prepaid expenses and other current assets 126.1 118.0
Total current assets 2,519.4 2,429.4
Property, plant and equipment, net of accumulated depreciation and amortization of $830.6 at October 2, 2022 and $743.3 at January 2, 2022 742.9 827.5
Goodwill 7,718.2 7,986.7
Acquired intangibles, net 2,421.8 2,741.6
Prepaid pension assets 141.3 123.7
Operating lease right-of-use assets 143.9 144.5
Other assets, net 138.9 176.9
Total Assets 13,826.4 14,430.3
Current Liabilities    
Accounts payable 499.5 469.5
Accrued liabilities 619.0 1,028.9
Current portion of long-term debt 300.0 0.0
Total current liabilities 1,418.5 1,498.4
Long-term debt, net of current portion 3,618.4 4,099.4
Long-term operating lease liabilities 134.8 138.0
Long-term deferred tax liabilities 548.7 625.5
Other long-term liabilities 414.4 447.0
Total Liabilities 6,134.8 6,808.3
Commitments and contingencies
Redeemable Noncontrolling Interest 3.1 0.0
Stockholders’ Equity    
Preferred stock, $0.01 par value; outstanding shares - none 0.0 0.0
Common stock, $0.01 par value; authorized 125,000,000 shares; issued shares: 47,194,766 at October 2, 2022 and 47,194,766 at January 2, 2022; outstanding shares: 46,868,187 at October 2, 2022 and 46,692,296 at January 2, 2022 0.5 0.5
Additional paid-in capital 4,340.6 4,317.1
Retained earnings 4,335.4 3,773.2
Treasury stock, 326,579 shares at October 2, 2022 and 502,470 shares at January 2, 2022 (23.8) (38.8)
Accumulated other comprehensive loss (964.2) (430.0)
Total Equity 7,688.5 7,622.0
Total Liabilities, Redeemable Noncontrolling Interest and Equity $ 13,826.4 $ 14,430.3