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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Apr. 03, 2022
Jan. 02, 2022
Current assets:    
Cash and cash equivalents $ 281.1 $ 309.7
Accounts receivable (net of allowance for credit losses of $0.0 and $8.6, respectively) 241.0 257.2
Inventories 316.7 305.4
Other current assets 150.8 139.4
Total current assets 989.6 1,011.7
Property, plant and equipment, net 784.2 791.4
Goodwill 572.8 573.6
Intangible assets, net 840.7 879.2
Deferred income taxes 9.7 9.7
Other assets 119.4 98.2
Total assets 3,316.4 3,363.8
Current liabilities:    
Accounts payable 169.5 181.0
Accrued liabilities 259.5 299.6
Deferred revenue 30.5 34.5
Current portion of borrowings 63.2 63.4
Total current liabilities 522.7 578.5
Long-term borrowings 2,177.1 2,186.7
Employee-related obligations 36.9 37.1
Other liabilities 67.4 78.9
Deferred income taxes 69.0 72.1
Total liabilities 2,873.1 2,953.3
Commitments and contingencies (Note 14)
Shareholders' Equity:    
Preferred redeemable shares, $1.39 nominal value per share, 50,000 shares issued and outstanding as of April 3, 2022 and January 2, 2022, respectively 0.1 0.1
Ordinary shares, $0.00001 par, 1,000,000,000 shares authorized, 0 and 237,203,879 shares issued and outstanding as of April 3, 2022 and January 2, 2022, respectively 0.0 0.0
Additional paid-in capital 2,431.9 2,425.9
Accumulated deficit (1,957.0) (1,971.8)
Accumulated other comprehensive loss (31.7) (43.7)
Total shareholders' equity 443.3 410.5
Total liabilities and shareholders' equity $ 3,316.4 $ 3,363.8