Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 01, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 421.4	$ 466.5
Accounts receivable, net of allowance for doubtful accounts of $0.9 and $0.3 at July 1, 2022 and December 31, 2021, respectively	243.8	250.1
Inventories	405.1	379.2
Prepaid expenses and other current assets	41.5	41.3
Total current assets	1,111.8	1,137.1
Property, plant and equipment, net	248.6	242.3
Goodwill	250.7	270.0
Intangible assets, net	207.4	245.7
Deferred tax assets, net	37.2	37.6
Operating lease right-of-use assets	79.2	83.4
Other non-current assets	10.5	9.2
Total assets	1,945.4	2,025.4
Current liabilities:
Bank borrowings	22.3	22.1
Accounts payable	259.4	332.9
Accrued compensation and related benefits	50.7	46.8
Operating lease liabilities	15.4	17.3
Other current liabilities	47.6	50.1
Total current liabilities	395.4	469.1
Bank borrowings, net of current portion	524.0	529.9
Deferred tax liabilities	55.1	54.9
Operating lease liabilities	62.1	65.9
Other liabilities	13.3	12.9
Total liabilities	1,049.9	1,132.7
Commitments and contingencies (See Note 10)
UCT stockholders’ equity:
Preferred stock — $0.001 par value, 10.0 shares authorized; none outstanding	0.0	0.0
Common stock -- $0.001 par value, 90.0 shares authorized; 45.4 shares and 44.9 shares issued and outstanding at July 1, 2022 and December 31, 2021, respectively	0.1	0.1
Additional paid-in capital	521.9	514.9
Common shares held in treasury, at cost, 0.6 shares at July 1, 2022 and December 31, 2021	(3.3)	(3.3)
Retained earnings	340.2	337.4
Accumulated other comprehensive gain (Loss)	(13.3)	(0.2)
Total UCT stockholders' equity	845.6	848.9
Noncontrolling interests	49.9	43.8
Total equity	895.5	892.7
Total liabilities and stockholders' equity	$ 1,945.4	$ 2,025.4