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Subsequent Events
6 Months Ended
Jul. 03, 2022
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On August 1, 2022, the Company announced that it has entered into an agreement with the intention to divest its Analytical, Food and Enterprise Services businesses for total consideration of $2.45 billion in cash, $2.30 billion of which will be received at the closing and $150 million of which will be payable contingent on the exit valuation that the proposed buyer receives on sale or other capital events related to the businesses. The transaction is expected to close in the first quarter of fiscal year 2023, subject to regulatory approvals and other customary closing conditions.
Upon closing of the transaction, the PerkinElmer name, brand and stock ticker ("PKI") are expected to be retained by the Analytical, Food, and Enterprise Services businesses under its new ownership. The Company’s Life Sciences and Diagnostics businesses will adopt a new name and stock ticker that will be announced at a later date.