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Consolidated Balance Sheets - USD ($)
$ in Millions
Jan. 02, 2022
Jan. 03, 2021
Current assets:    
Cash and cash equivalents $ 309.7 $ 132.8
Accounts receivable (net of allowance for credit losses of $8.6 and $9.8, respectively) 257.2 318.7
Inventories 305.4 278.7
Other current assets 139.4 127.0
Total current assets 1,011.7 857.2
Property, plant and equipment, net 791.4 832.0
Goodwill 573.6 580.1
Intangible assets, net 879.2 1,016.7
Deferred income taxes 9.7 8.0
Other assets 98.2 107.5
Total assets 3,363.8 3,401.5
Current liabilities:    
Accounts payable 181.0 146.2
Accrued liabilities 299.6 284.7
Deferred revenue 34.5 35.5
Current portion of borrowings 63.4 160.0
Total current liabilities 578.5 626.4
Long-term borrowings 2,186.7 3,558.5
Employee-related obligations 37.1 39.3
Other liabilities 78.9 120.8
Deferred income taxes 72.1 67.3
Total liabilities 2,953.3 4,412.3
Commitments and contingencies (Note 21)
Shareholders' Equity (Deficit):    
Preferred Redeemable shares, $1.39 nominal value per share, 50,000 and no shares issued and outstanding as of January 2, 2022 and January 3, 2021, respectively 0.1 0.0
Ordinary shares, $0.00001 par value, 1,000,000,000 shares authorized, 237,203,879 and 147,295,511 shares issued and outstanding as of January 2, 2022 and January 3, 2021, respectively 0.0 0.0
Additional paid-in capital 2,425.9 975.1
Accumulated deficit (1,971.8) (1,917.5)
Accumulated other comprehensive loss (43.7) (68.4)
Total shareholders' equity (deficit) 410.5 (1,010.8)
Total liabilities and shareholders' equity (deficit) $ 3,363.8 $ 3,401.5