Balance Sheet Information and Other - (Tables)

3 Months Ended

Apr. 03, 2020

Balance Sheet Related Disclosures [Abstract]

Summary of Changes in Goodwill

Changes in the goodwill balance from December 31, 2019 through April 3, 2020 were as follows (in millions):

Net balance as of December 31, 2019	$	1,659.2
Addition due to business combination	4.2
Net balance as of April 3, 2020	$	1,663.4

Schedule of Inventory

Details of Inventory included in the Company’s Consolidated Balance Sheets are as follows (in millions):

	As of
	April 3, 2020		December 31, 2019
Inventories:
Raw materials	$	142.7	$	138.4
Work in process	808.6		772.9
Finished goods	300.6		321.1
	$	1,251.9	$	1,232.4

Schedule of Net Periodic Pension Expense

The components of the net periodic pension expense are as follows (in millions):

	Quarters Ended
	April 3, 2020		March 29, 2019
Service cost	$	2.7	$	2.3
Interest cost	1.1		1.3
Expected return on plan assets	(1.5)		(1.5)
Total net periodic pension cost	$	2.3	$	2.1

Schedule of Components of Lease Expense

The components of lease expense are as follows (in millions):

	Quarters Ended
	April 3, 2020		March 29, 2019
Operating lease	$	9.1	$	8.3
Variable lease	1.1		1.2
Short-term lease	1.1		0.7
Total lease expense	$	11.3	$	10.2

The lease liabilities recognized in the Consolidated Balance Sheets are as follows (in millions):

	As of
	April 3, 2020		December 31, 2019
Accrued expenses and other current liabilities	$	27.6	$	26.1
Other long-term liabilities	87.8		87.9
	$	115.4	$	114.0

Schedule of Cash and Non-cash Activities

Certain of the Company's cash and non-cash activities are as follows (in millions):

	Quarters Ended
	April 3, 2020		March 29, 2019
Non-cash financing activity:
Liability incurred for purchase of business	$	7.7	$	—
Non-cash activities:
Capital expenditures in accounts payable and other liabilities	$	123.5	$	207.2
Right-of-use assets obtained in exchange of lease liabilities	8.8		4.1
Cash (received) paid for:
Interest income	$	(1.9)	$	(2.5)
Interest expense	24.5		15.4
Income taxes	9.9		15.6
Operating lease payments in operating cash flows	8.2		9.5

Schedule of Cash and Cash Equivalents

Reconciliation of the captions in the Consolidated Balance Sheets to the Consolidated Statements of Cash Flows (in millions):

	As of
	April 3, 2020		December 31, 2019		March 29, 2019		December 31, 2018
Consolidated Balance Sheets:
Cash and cash equivalents	$	1,982.0	$	894.2	$	939.6	$	1,069.6
Restricted cash (included in other current assets)	—		—		17.5		17.5
Cash, cash equivalents and restricted cash in Consolidated Statements of Cash Flows	$	1,982.0	$	894.2	$	957.1	$	1,087.1

Schedule of Restrictions on Cash and Cash Equivalents

Reconciliation of the captions in the Consolidated Balance Sheets to the Consolidated Statements of Cash Flows (in millions):

	As of
	April 3, 2020		December 31, 2019		March 29, 2019		December 31, 2018
Consolidated Balance Sheets:
Cash and cash equivalents	$	1,982.0	$	894.2	$	939.6	$	1,069.6
Restricted cash (included in other current assets)	—		—		17.5		17.5
Cash, cash equivalents and restricted cash in Consolidated Statements of Cash Flows	$	1,982.0	$	894.2	$	957.1	$	1,087.1