XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 27, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 991.3 $ 940.0
Trade accounts receivable, less allowance for credit losses of $28.0 and $17.3, respectively 392.1 407.5
Inventories, net 265.6 258.8
Prepaid expenses and other current assets 148.0 137.4
Total current assets 1,797.0 1,743.7
Property, plant and equipment, net 291.5 309.6
Operating lease right-of-use assets 141.7 125.1
Other long-term assets 250.6 180.5
Goodwill, net 2,333.8 3,292.2
Other intangible assets, net 696.1 954.0
Total assets 5,510.7 6,605.1
Current liabilities:    
Short-term debt 115.8 115.3
Trade accounts payable 172.1 179.5
Accrued expenses and other liabilities 541.4 455.7
Operating lease liabilities 36.2 30.3
Total current liabilities 865.5 780.8
Operating lease liabilities 117.4 109.9
Other long-term liabilities 149.7 142.4
Long-term debt 1,305.6 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 September 27, 2024 and December 31, 2023 0.0 0.0
Common stock, $0.01 par value, 500.0 million shares authorized; 174.0 million shares issued and 172.0 million shares outstanding at September 27, 2024; 173.3 million shares issued and 171.5 million shares outstanding at December 31, 2023 1.7 1.7
Additional paid-in capital 3,783.0 3,758.2
Accumulated (deficit) earnings (488.6) 631.2
Accumulated other comprehensive loss (223.6) (217.2)
Total stockholders’ equity 3,072.5 4,173.9
Total liabilities and stockholders’ equity $ 5,510.7 $ 6,605.1