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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 29, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 948.5 $ 940.0
Trade accounts receivable, less allowance for credit losses of $19.8 and $17.3, respectively 413.0 407.5
Inventories, net 267.4 258.8
Prepaid expenses and other current assets 143.0 137.4
Total current assets 1,771.9 1,743.7
Property, plant and equipment, net 306.2 309.6
Operating lease right-of-use assets 125.3 125.1
Other long-term assets 174.4 180.5
Goodwill, net 3,259.8 3,292.2
Other intangible assets, net 918.7 954.0
Total assets 6,556.3 6,605.1
Current liabilities:    
Short-term debt 115.5 115.3
Trade accounts payable 174.7 179.5
Accrued expenses and other liabilities 458.6 455.7
Operating lease liabilities 32.5 30.3
Total current liabilities 781.3 780.8
Operating lease liabilities 107.5 109.9
Other long-term liabilities 136.7 142.4
Long-term debt 1,390.5 1,398.1
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value, 15.0 million shares authorized; no shares issued or outstanding at March 29, 2024 and December 31, 2023 0.0 0.0
Common stock, $0.01 par value,$500.0 million shares authorized; $173.8 million shares issued and $171.9 million shares outstanding at March 29, 2024; $173.3 million shares issued and $171.5 million shares outstanding at December 31, 2023 1.7 1.7
Additional paid-in capital 3,767.4 3,758.2
Retained earnings 654.8 631.2
Accumulated other comprehensive loss (283.6) (217.2)
Total stockholders’ equity 4,140.3 4,173.9
Total liabilities and stockholders’ equity $ 6,556.3 $ 6,605.1