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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Millions, $ in Millions
Jun. 28, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 454.2 $ 558.8
Accounts receivable, net of allowance for credit losses of $6.5 and $6.0, respectively 678.2 642.3
Inventories 1,215.5 1,081.8
Prepaid expenses and other current assets 267.1 199.0
Total current assets 2,615.0 2,481.9
Property, plant and equipment, net 913.9 917.8
Operating lease assets 172.8 175.2
Goodwill and indefinite-lived intangible assets 3,484.7 3,325.4
Definite-lived intangible assets, net 2,558.0 2,423.7
Deferred income taxes 48.1 5.1
Other non-current assets 301.6 318.6
Total non-current assets 7,479.1 7,165.8
Total assets 10,094.1 9,647.7
Liabilities    
Accounts payable 489.0 495.2
Payroll and related taxes 122.4 123.2
Accrued customer programs 140.1 133.3
Other accrued liabilities 327.9 238.7
Accrued income taxes 10.3 17.4
Current indebtedness 36.4 36.4
Total current liabilities 1,126.1 1,044.2
Non-current liabilities    
Long-term debt, less current portion 3,615.5 3,581.7
Deferred income taxes 206.8 203.2
Other non-current liabilities 673.4 499.2
Total non-current liabilities 4,495.7 4,284.1
Total liabilities 5,621.8 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 6,664.2 6,733.9
Accumulated other comprehensive income (loss) 75.0 (162.4)
Retained earnings (accumulated deficit) (2,266.9) (2,252.1)
Total shareholders’ equity 4,472.3 4,319.4
Total liabilities and shareholders' equity $ 10,094.1 $ 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) 137.6 136.5
Ordinary shares, outstanding (in shares) 137.6 136.5