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Condensed Consolidated Balance Sheets - USD ($)
shares in Millions, $ in Millions
Jun. 29, 2024
Dec. 31, 2023
Assets    
Cash, cash equivalents and restricted cash $ 542.8 $ 751.3
Accounts receivable, net of allowance for credit losses of $7.6 and $7.8, respectively 726.0 739.6
Inventories 1,116.2 1,140.9
Prepaid expenses and other current assets 281.8 201.1
Current assets held for sale 292.3 0.0
Total current assets 2,959.1 2,832.9
Property, plant and equipment, net 909.9 916.4
Operating lease assets 190.0 183.6
Goodwill and indefinite-lived intangible assets 3,374.8 3,534.4
Definite-lived intangible assets, net 2,633.6 2,980.8
Deferred income taxes 13.8 25.8
Other non-current assets 316.1 335.2
Total non-current assets 7,438.2 7,976.2
Total assets 10,397.3 10,809.1
Liabilities    
Accounts payable 471.5 477.7
Payroll and related taxes 125.4 127.0
Accrued customer programs 168.6 163.5
Other accrued liabilities 218.5 335.4
Accrued income taxes 11.8 42.1
Current indebtedness 440.8 440.6
Current liabilities held for sale 51.5 0.0
Total current liabilities 1,488.1 1,586.3
Non-current liabilities    
Long-term debt, less current portion 3,616.8 3,632.8
Deferred income taxes 211.7 262.3
Other non-current liabilities 535.4 559.8
Total non-current liabilities 4,363.9 4,454.9
Total liabilities 5,852.0 6,041.2
Contingencies - Refer to Note 16
Controlling interests:    
Preferred shares, $0.0001 par value per share, 10 shares authorized 0.0 0.0
Ordinary shares, €0.001 par value per share, 10,000 shares authorized 6,786.2 6,837.5
Accumulated other comprehensive income (54.2) 10.7
Retained earnings (accumulated deficit) (2,186.7) (2,080.3)
Total shareholders’ equity 4,545.3 4,767.9
Total liabilities and shareholders' equity $ 10,397.3 $ 10,809.1
Supplemental Disclosures of Balance Sheet Information    
Preferred shares, issued (in shares) 0.0 0.0
Preferred shares, outstanding (in shares) 0.0 0.0
Ordinary shares, issued (in shares) 136.4 135.5
Ordinary shares, outstanding (in shares) 136.4 135.5