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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 01, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 565,878 $ 561,559
Restricted cash 1,139 1,880
Trade accounts and notes receivable, net of allowance for credit losses of $4,384 and $5,443 435,973 535,485
Inventories, net 740,351 812,815
Deferred tax charges and refundable income taxes 55,461 47,618
Assets held-for-sale 1,051,947 246,531
Other current assets 117,799 129,297
Total current assets 2,968,548 2,335,185
Property, plant and equipment, net of accumulated depreciation of $830,906 and $770,093 1,364,760 1,393,337
Other assets:    
Right-of-use assets 81,048 94,940
Goodwill 3,970,247 4,408,331
Intangible assets, net of accumulated amortization of $720,336 and $636,872 1,421,710 1,841,955
Deferred tax assets and other noncurrent tax assets 66,682 28,867
Other 40,029 36,242
Total assets 9,913,024 10,138,857
Current liabilities:    
Short-term debt, including current portion of long-term debt 0 151,965
Accounts payable 132,157 172,488
Accrued payroll and related benefits 92,994 142,340
Accrued interest payable 24,939 25,571
Liabilities held-for-sale 115,784 10,637
Other accrued liabilities 193,851 160,873
Income taxes payable 86,564 98,057
Total current liabilities 646,289 761,931
Long-term debt, excluding current maturities, net of unamortized discount and debt issuance costs of $121,488 and $140,107 5,492,011 5,632,928
Pension benefit obligations and other liabilities 52,046 54,090
Deferred tax liabilities and other noncurrent tax liabilities 301,068 391,192
Long-term lease liability 69,405 80,716
Equity:    
Preferred stock, par value $.01; 5,000,000 shares authorized; none issued and outstanding as of July 1, 2023 and December 31, 2022 0 0
Common stock, par value $.01; 400,000,000 shares authorized; issued and outstanding shares as of July 1, 2023: 150,308,245 and 150,105,845, respectively; issued and outstanding shares as of December 31, 2022: 149,339,486 and 149,137,086, respectively 1,503 1,493
Treasury stock, at cost: 202,400 shares held as of July 1, 2023 and December 31, 2022 (7,112) (7,112)
Additional paid-in capital 2,274,572 2,205,325
Retained earnings 1,110,818 1,031,391
Accumulated other comprehensive loss (27,576) (13,097)
Total equity 3,352,205 3,218,000
Total liabilities and equity $ 9,913,024 $ 10,138,857