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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 03, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,082.8 $ 1,211.7
Trade accounts receivable, less allowance for credit losses of $23.7 and $22.5, respectively 436.6 429.6
Inventories, net 300.3 288.1
Prepaid expenses and other current assets 99.4 97.2
Total current assets 1,919.1 2,026.6
Property, plant and equipment, net 298.7 296.8
Operating lease right-of-use assets 143.6 142.1
Other long-term assets 223.8 228.1
Goodwill, net 2,359.8 2,358.2
Other intangible assets, net 633.0 627.2
Total assets 5,578.0 5,679.0
Current liabilities:    
Trade accounts payable 170.0 191.6
Accrued expenses and other liabilities 577.9 622.0
Operating lease liabilities 38.7 39.0
Total current liabilities 786.6 852.6
Operating lease liabilities 111.4 110.4
Other long-term liabilities 161.4 161.4
Long-term debt 1,439.1 1,448.3
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value, 15.0 million shares authorized; no shares issued or outstanding at April 3, 2026 and December 31, 2025 0.0 0.0
Common stock, $0.01 par value, 500.0 million shares authorized; 176.2 million shares issued and 162.9 million shares outstanding at April 3, 2026; 175.4 million shares issued and 163.8 million shares outstanding at December 31, 2025 1.8 1.8
Treasury stock at cost; 13.3 million shares and 11.6 million shares at April 3, 2026 and December 31, 2025, respectively (273.5) (224.5)
Additional paid-in capital 3,896.0 3,882.6
Accumulated deficit (401.7) (440.4)
Accumulated other comprehensive loss (143.1) (113.2)
Total stockholders’ equity 3,079.5 3,106.3
Total liabilities and stockholders’ equity $ 5,578.0 $ 5,679.0