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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Millions, $ in Millions
Mar. 29, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 409.9 $ 558.8
Accounts receivable, net of allowance for credit losses of $5.4 and $6.0, respectively 716.8 642.3
Inventories 1,155.0 1,081.8
Prepaid expenses and other current assets 229.0 199.0
Current assets held for sale 22.3 0.0
Total current assets 2,533.0 2,481.9
Property, plant and equipment, net 913.2 917.8
Operating lease assets 170.1 175.2
Goodwill and indefinite-lived intangible assets 3,380.5 3,325.4
Definite-lived intangible assets, net 2,456.7 2,423.7
Deferred income taxes 5.4 5.1
Other non-current assets 300.9 318.6
Total non-current assets 7,226.8 7,165.8
Total assets 9,759.8 9,647.7
Liabilities    
Accounts payable 502.3 495.2
Payroll and related taxes 120.0 123.2
Accrued customer programs 142.6 133.3
Other accrued liabilities 253.8 238.7
Accrued income taxes 14.4 17.4
Current indebtedness 36.2 36.4
Current liabilities held for sale 4.5 0.0
Total current liabilities 1,073.8 1,044.2
Non-current liabilities    
Long-term debt, less current portion 3,591.3 3,581.7
Deferred income taxes 189.2 203.2
Other non-current liabilities 541.5 499.2
Total non-current liabilities 4,322.0 4,284.1
Total liabilities 5,395.8 5,328.3
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 6,692.9 6,733.9
Accumulated other comprehensive income (70.4) (162.4)
Retained earnings (accumulated deficit) (2,258.5) (2,252.1)
Total shareholders’ equity 4,364.0 4,319.4
Total liabilities and shareholders' equity $ 9,759.8 $ 9,647.7
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) 137.2 136.5
Ordinary shares, outstanding (in shares) 137.2 136.5