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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance
In accordance with rules adopted by the Securities and Exchange Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation for our principal executive officer (“PEO”) and
Non-PEO
named executive officers
(“Non-PEO
NEOs”) and Company performance for the fiscal years listed below.
 
Year
 
Summary
Compensation Table
Total for Prahlad R.
Singh¹
($)
   
Compensation
Actually Paid
to Prahlad R.
Singh
1,2,3
($)
   
Average
Summary
Compensation
Table Total
for
Non-PEO

NEOs
1
($)
   
Average
Compensation
Actually Paid
to
Non-PEO

NEOs
1,2,3

($)
   
Value of Initial
Fixed $100
Investment Based
On:
4
   
Net
Income
($ Millions)
   
Adjusted
Revenue
5

($ Millions)
 
 
TSR
($)
   
Peer
Group
TSR
($)
 
2024
 
11,926,615
 
11,462,997
 
2,853,563
 
2,874,292
 
116.71
 
132.45
 
270
 
2,756
2023
 
9,130,624
 
3,649,837
 
2,216,350
 
1,319,296
 
113.62
 
136.29
 
693
 
2,751
2022
 
10,576,998
 
1,806,595
 
2,074,392
 
(698,239
 
145.42
 
141.02
 
569
 
3,313
2021
 
9,661,006
 
22,364,293
 
2,401,828
 
5,469,748
 
208.13
 
183.38
 
943
 
3,830
2020
 
9,017,969
 
17,608,514
 
2,945,673
 
5,888,871
 
148.27
 
132.40
 
728
 
2,664
 
1.
Prahlad R. Singh was our PEO for each year presented. The individuals comprising the
Non-PEO
NEOs for each year presented are listed below.
 
2020
 
2021
 
2022
 
2023
 
2024
James M. Mock
  James M. Mock   James M. Mock   Maxwell Krakowiak   Maxwell Krakowiak
Joel S. Goldberg
  Joel S. Goldberg   Joel S. Goldberg   Joel S. Goldberg   Joel S. Goldberg
Daniel R. Tereau
  Daniel R. Tereau   Daniel R. Tereau   Tajinder S. Vohra   Miriame Victor
Tajinder S. Vohra
  Tajinder S. Vohra   Tajinder S. Vohra   Miriame Victor   Tajinder S. Vohra
 
 
 
  Maxwell Krakowiak  
 
 
 
 
2.
The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation
S-K
and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.
 
3.
Compensation Actually Paid for 2024 reflects the exclusions and inclusions of certain amounts for the PEO and the
Non-PEO
NEOs as set forth below. Equity values are calculated in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns set forth in the Summary Compensation Table.
 
Year
 
Summary Compensation
Table Total for Prahlad
R. Singh
($)
   
Exclusion of Stock Awards
and Option Awards for
Prahlad R. Singh
($)
   
Inclusion of Equity Values
for Prahlad R. Singh
($)
   
Compensation Actually
Paid to Prahlad R. Singh
($)
 
2024
    11,926,615       (8,241,336     7,777,718       11,462,997  
 
Year
 
Average Summary
Compensation Table
Total for
Non-PEO

NEOs
($)
   
Average Exclusion of
Stock Awards
and Option Awards
for
Non-PEO
NEOs
($)
   
Average Inclusion of Equity
Values for
Non-PEO
NEOs
($)
   
Average Compensation
Actually Paid to
Non-PEO
NEOs
($)
 
2024
    2,853,563       (1,729,106     1,749,835       2,874,292  
 
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
 
Year
 
Year-End Fair Value

of Equity Awards
Granted During
Year That
Remained
Unvested as of Last
Day of Year for
Prahlad R. Singh
($)
   
Change in Fair Value
from Last Day of
Prior Year to
Last Day of Year
of Unvested
Equity Awards
for Prahlad R. Singh
($)
   
Change in Fair Value
from Last Day of
Prior Year to
Vesting Date of
Unvested
Equity Awards
that Vested
During Year
for Prahlad R. Singh
($)
   
Total - Inclusion of
Equity Values for
Prahlad R. Singh
($)
 
2024
    9,053,133       (988,919     (286,496     7,777,718  
 
Year
  
Average
Year-End Fair

Value of Equity
Awards
Granted
During Year
That Remained
Unvested
as of Last Day
of Year for
Non-PEO NEOs
($)
    
Average Change
in Fair
Value from Last
Day of Prior
Year to Last Day
of Year of
Unvested
Equity Awards for
Non-PEO NEOs
($)
   
Average Change
in Fair Value
from Last Day
of Prior Year to
Vesting Date of
Unvested Equity
Awards that
Vested During
Year for
Non-PEO
NEOs
($)
   
Total - Average

Inclusion of
Equity Values for
Non-PEO NEOs
($)
 
2024
     1,899,427        (109,032     (40,560     1,749,835  
 
4.
The Peer Group TSR set forth in this table utilizes the S&P 500 Life Sciences Tools & Services Industry Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation
S-K
included in our Annual Report for the fiscal year ended December 29, 2024. The comparison assumes $100 was invested for the period starting December 29, 2019, through the end of the listed year in the Company and in the S&P 500 Life Sciences Tools & Services Industry Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
 
5.
We determined Adjusted Revenue to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and
Non-PEO
NEOs in 2024. More information on Adjusted Revenue can be found in the “Determining Executive Pay” section of the Compensation Discussion and Analysis.
       
Company Selected Measure Name Adjusted Revenue        
Named Executive Officers, Footnote
1.
Prahlad R. Singh was our PEO for each year presented. The individuals comprising the
Non-PEO
NEOs for each year presented are listed below.
 
2020
 
2021
 
2022
 
2023
 
2024
James M. Mock
  James M. Mock   James M. Mock   Maxwell Krakowiak   Maxwell Krakowiak
Joel S. Goldberg
  Joel S. Goldberg   Joel S. Goldberg   Joel S. Goldberg   Joel S. Goldberg
Daniel R. Tereau
  Daniel R. Tereau   Daniel R. Tereau   Tajinder S. Vohra   Miriame Victor
Tajinder S. Vohra
  Tajinder S. Vohra   Tajinder S. Vohra   Miriame Victor   Tajinder S. Vohra
 
 
 
  Maxwell Krakowiak  
 
 
 
       
Peer Group Issuers, Footnote The Peer Group TSR set forth in this table utilizes the S&P 500 Life Sciences Tools & Services Industry Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation
S-K
included in our Annual Report for the fiscal year ended December 29, 2024. The comparison assumes $100 was invested for the period starting December 29, 2019, through the end of the listed year in the Company and in the S&P 500 Life Sciences Tools & Services Industry Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
       
PEO Total Compensation Amount $ 11,926,615 $ 9,130,624 $ 10,576,998 $ 9,661,006 $ 9,017,969
PEO Actually Paid Compensation Amount $ 11,462,997 3,649,837 1,806,595 22,364,293 17,608,514
Adjustment To PEO Compensation, Footnote
3.
Compensation Actually Paid for 2024 reflects the exclusions and inclusions of certain amounts for the PEO and the
Non-PEO
NEOs as set forth below. Equity values are calculated in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns set forth in the Summary Compensation Table.
 
Year
 
Summary Compensation
Table Total for Prahlad
R. Singh
($)
   
Exclusion of Stock Awards
and Option Awards for
Prahlad R. Singh
($)
   
Inclusion of Equity Values
for Prahlad R. Singh
($)
   
Compensation Actually
Paid to Prahlad R. Singh
($)
 
2024
    11,926,615       (8,241,336     7,777,718       11,462,997  
 
Year
 
Average Summary
Compensation Table
Total for
Non-PEO

NEOs
($)
   
Average Exclusion of
Stock Awards
and Option Awards
for
Non-PEO
NEOs
($)
   
Average Inclusion of Equity
Values for
Non-PEO
NEOs
($)
   
Average Compensation
Actually Paid to
Non-PEO
NEOs
($)
 
2024
    2,853,563       (1,729,106     1,749,835       2,874,292  
 
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
 
Year
 
Year-End Fair Value

of Equity Awards
Granted During
Year That
Remained
Unvested as of Last
Day of Year for
Prahlad R. Singh
($)
   
Change in Fair Value
from Last Day of
Prior Year to
Last Day of Year
of Unvested
Equity Awards
for Prahlad R. Singh
($)
   
Change in Fair Value
from Last Day of
Prior Year to
Vesting Date of
Unvested
Equity Awards
that Vested
During Year
for Prahlad R. Singh
($)
   
Total - Inclusion of
Equity Values for
Prahlad R. Singh
($)
 
2024
    9,053,133       (988,919     (286,496     7,777,718  
 
Year
  
Average
Year-End Fair

Value of Equity
Awards
Granted
During Year
That Remained
Unvested
as of Last Day
of Year for
Non-PEO NEOs
($)
    
Average Change
in Fair
Value from Last
Day of Prior
Year to Last Day
of Year of
Unvested
Equity Awards for
Non-PEO NEOs
($)
   
Average Change
in Fair Value
from Last Day
of Prior Year to
Vesting Date of
Unvested Equity
Awards that
Vested During
Year for
Non-PEO
NEOs
($)
   
Total - Average

Inclusion of
Equity Values for
Non-PEO NEOs
($)
 
2024
     1,899,427        (109,032     (40,560     1,749,835  
       
Non-PEO NEO Average Total Compensation Amount $ 2,853,563 2,216,350 2,074,392 2,401,828 2,945,673
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,874,292 1,319,296 (698,239) 5,469,748 5,888,871
Adjustment to Non-PEO NEO Compensation Footnote
3.
Compensation Actually Paid for 2024 reflects the exclusions and inclusions of certain amounts for the PEO and the
Non-PEO
NEOs as set forth below. Equity values are calculated in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns set forth in the Summary Compensation Table.
 
Year
 
Summary Compensation
Table Total for Prahlad
R. Singh
($)
   
Exclusion of Stock Awards
and Option Awards for
Prahlad R. Singh
($)
   
Inclusion of Equity Values
for Prahlad R. Singh
($)
   
Compensation Actually
Paid to Prahlad R. Singh
($)
 
2024
    11,926,615       (8,241,336     7,777,718       11,462,997  
 
Year
 
Average Summary
Compensation Table
Total for
Non-PEO

NEOs
($)
   
Average Exclusion of
Stock Awards
and Option Awards
for
Non-PEO
NEOs
($)
   
Average Inclusion of Equity
Values for
Non-PEO
NEOs
($)
   
Average Compensation
Actually Paid to
Non-PEO
NEOs
($)
 
2024
    2,853,563       (1,729,106     1,749,835       2,874,292  
 
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
 
Year
 
Year-End Fair Value

of Equity Awards
Granted During
Year That
Remained
Unvested as of Last
Day of Year for
Prahlad R. Singh
($)
   
Change in Fair Value
from Last Day of
Prior Year to
Last Day of Year
of Unvested
Equity Awards
for Prahlad R. Singh
($)
   
Change in Fair Value
from Last Day of
Prior Year to
Vesting Date of
Unvested
Equity Awards
that Vested
During Year
for Prahlad R. Singh
($)
   
Total - Inclusion of
Equity Values for
Prahlad R. Singh
($)
 
2024
    9,053,133       (988,919     (286,496     7,777,718  
 
Year
  
Average
Year-End Fair

Value of Equity
Awards
Granted
During Year
That Remained
Unvested
as of Last Day
of Year for
Non-PEO NEOs
($)
    
Average Change
in Fair
Value from Last
Day of Prior
Year to Last Day
of Year of
Unvested
Equity Awards for
Non-PEO NEOs
($)
   
Average Change
in Fair Value
from Last Day
of Prior Year to
Vesting Date of
Unvested Equity
Awards that
Vested During
Year for
Non-PEO
NEOs
($)
   
Total - Average

Inclusion of
Equity Values for
Non-PEO NEOs
($)
 
2024
     1,899,427        (109,032     (40,560     1,749,835  
       
Compensation Actually Paid vs. Total Shareholder Return
Description of Relationship Between PEO and
Non-PEO
NEO Co
mpe
nsation Actually Paid and Company Total Shareholder Return (“TSR”) and Peer Group TSR
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our
Non-PEO
NEOs, the Company’s cumulative TSR over the five mo
s
t recently completed fiscal years and the TSR of the S&P 500 Life Sciences Tools & Services Industry Index over the same period.
 
 
LOGO
       
Compensation Actually Paid vs. Net Income
Description of Relationship Between PEO and
Non-PEO
NEO Compensation Actually Paid and Net Income
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our
Non-PEO
NEOs, and our Net Income during the five most recently completed fiscal years.
 
 
LOGO
       
Compensation Actually Paid vs. Company Selected Measure
Description of Relationship Between PEO and Other NEO Compensation Actually Paid and Adj
u
sted Revenue
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our other
Non-PEO
NEOs, and our Adjusted Revenue during the five most recently completed fiscal years.
 
 
LOGO
       
Total Shareholder Return Vs Peer Group
Description of Relationship Between PEO and
Non-PEO
NEO Co
mpe
nsation Actually Paid and Company Total Shareholder Return (“TSR”) and Peer Group TSR
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our
Non-PEO
NEOs, the Company’s cumulative TSR over the five mo
s
t recently completed fiscal years and the TSR of the S&P 500 Life Sciences Tools & Services Industry Index over the same period.
 
 
LOGO
       
Tabular List, Table
Tabular List of Most Important Financial Performance Measures
The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEO and other
Non-PEO
NEOs for 2024 to Company performance. The measures in this table are not ranked.
 
Adjusted Revenue
Adjusted EPS
Organic Growth
Free Cash Flow Conversion
       
Total Shareholder Return Amount $ 116.71 113.62 145.42 208.13 148.27
Peer Group Total Shareholder Return Amount 132.45 136.29 141.02 183.38 132.4
Net Income (Loss) $ 270,000,000 $ 693,000,000 $ 569,000,000 $ 943,000,000 $ 728,000,000
Company Selected Measure Amount 2,756,000,000 2,751,000,000 3,313,000,000 3,830,000,000 2,664,000,000
PEO Name Prahlad R. Singh        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted Revenue        
Non-GAAP Measure Description We determined Adjusted Revenue to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and
Non-PEO
NEOs in 2024. More information on Adjusted Revenue can be found in the “Determining Executive Pay” section of the Compensation Discussion and Analysis.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Adjusted EPS        
Measure:: 3          
Pay vs Performance Disclosure          
Name Organic Growth        
Measure:: 4          
Pay vs Performance Disclosure          
Name Free Cash Flow Conversion        
PEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 7,777,718        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 9,053,133        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (988,919)        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (286,496)        
PEO | Exclusion of Stock Awards and Option Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (8,241,336)        
Non-PEO NEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,749,835        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,899,427        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (109,032)        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (40,560)        
Non-PEO NEO | Exclusion of Stock Awards and Option Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (1,729,106)