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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 29, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 320,008 $ 456,929
Trade accounts receivable, net of allowance for credit losses of $5,509 and $6,412 457,107 457,052
Inventories, net 633,373 607,051
Deferred tax charges and refundable income taxes 52,690 63,879
Assets held-for-sale 6,195 278,753
Other current assets 107,413 113,663
Total current assets 1,576,786 1,977,327
Property, plant and equipment, net of accumulated depreciation of $983,070 and $908,089 1,495,098 1,468,043
Other assets:    
Right-of-use assets - Operating lease 61,396 57,990
Right-of-use assets - Finance lease 22,314 22,409
Goodwill 3,943,893 3,945,860
Intangible assets, net of accumulated amortization of $906,496 and $808,298 1,184,955 1,281,969
Deferred tax assets and other noncurrent tax assets 24,059 31,432
Other assets 28,085 27,561
Total assets 8,336,586 8,812,591
Current liabilities:    
Accounts payable 141,579 134,211
Accrued payroll and related benefits 90,303 109,559
Accrued interest payable 24,360 24,759
Liabilities held-for-sale 662 19,223
Other accrued liabilities 120,538 148,840
Income taxes payable 62,416 77,403
Total current liabilities 439,858 513,995
Long-term debt, net of unamortized discount and debt issuance costs of $72,767 and $91,633 4,122,233 4,577,141
Pension benefit obligations and other liabilities 53,789 53,733
Deferred tax liabilities and other noncurrent tax liabilities 146,516 190,142
Long term lease liability - Operating lease 52,332 49,719
Long term lease liability - Finance lease 19,468 19,267
Equity:    
Preferred stock, par value $0.01; 5,000 shares authorized; none issued and outstanding as of June 29, 2024 and December 31, 2023 0 0
Common stock, par value $0.01; 400,000 shares authorized; issued and outstanding shares as of June 29, 2024: 151,029 and 150,827, respectively; issued and outstanding shares as of December 31, 2023: 150,566 and 150,364, respectively 1,510 1,506
Treasury stock, at cost: 202 shares held as of June 29, 2024 and December 31, 2023 (7,112) (7,112)
Additional paid-in capital 2,335,321 2,305,367
Retained earnings 1,234,487 1,151,765
Accumulated other comprehensive loss (61,816) (42,932)
Total equity 3,502,390 3,408,594
Total liabilities and equity $ 8,336,586 $ 8,812,591