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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 28, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,077.3 $ 1,069.1
Trade accounts receivable, less allowance for credit losses of $26.6 and $26.6, respectively 393.1 363.0
Inventories, net 261.3 241.0
Prepaid expenses and other current assets 118.0 115.2
Total current assets 1,849.7 1,788.3
Property, plant and equipment, net 279.7 277.0
Operating lease right-of-use assets 138.7 142.8
Other long-term assets 244.7 230.6
Goodwill, net 2,303.4 2,261.9
Other intangible assets, net 650.2 649.9
Total assets 5,466.4 5,350.5
Current liabilities:    
Short-term debt 116.2 116.0
Trade accounts payable 163.5 174.6
Accrued expenses and other liabilities 558.8 553.6
Operating lease liabilities 34.8 34.5
Total current liabilities 873.3 878.7
Operating lease liabilities 113.7 118.9
Other long-term liabilities 147.5 139.8
Long-term debt 1,295.8 1,278.3
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value, 15.0 million shares authorized; no shares issued or outstanding at March 28, 2025 and December 31, 2024 0.0 0.0
Common stock, $0.01 par value, 500.0 million shares authorized; 174.9 million shares issued and 171.5 million shares outstanding at March 28, 2025; 174.2 million shares issued and 172.2 million shares outstanding at December 31, 2024 1.7 1.7
Treasury stock at cost; 3.4 million shares and 2.0 million shares at March 28, 2025 and December 31, 2024, respectively (73.1) (50.5)
Additional paid-in capital 3,850.0 3,842.1
Accumulated deficit (469.4) (487.4)
Accumulated other comprehensive loss (273.1) (371.1)
Total stockholders’ equity 3,036.1 2,934.8
Total liabilities and stockholders’ equity $ 5,466.4 $ 5,350.5