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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 28, 2025
Dec. 29, 2024
Current assets    
Cash and cash equivalents, including restricted cash of $0.4 and $0.3 $ 776.6 $ 695.0
Short-term investments 105.4 0.0
Accounts receivable, net of allowance for credit losses of $61.3 and $25.8 1,059.8 919.8
Inventories 259.8 274.2
Prepaid expenses and other current assets 382.1 353.5
Total current assets 2,583.7 2,242.5
Property, plant and equipment, net 247.8 302.6
Goodwill 1,256.7 2,278.2
Other intangible assets, net 456.7 518.4
Other assets 1,007.1 998.6
Total assets 5,552.0 6,340.3
Current liabilities    
Current portion of long-term debt 497.0 0.0
Accounts payable 335.4 341.5
Accrued liabilities 1,038.7 1,059.8
Total current liabilities 1,871.1 1,401.3
Long-term debt 2,767.9 3,380.8
Other liabilities 347.5 373.2
Total liabilities 4,986.5 5,155.3
Commitments and contingencies (Note 21)
Shareholders’ equity    
Preference stock of $2.50 par value. Authorized 5,000,000 shares; none issued 0.0 0.0
Common stock of $0.50 par value. Authorized 600,000,000 shares; issued 220,286,736 shares as of 2025 and 2024 110.1 110.1
Additional paid-in capital 2,695.4 2,632.2
Retained earnings 1,554.1 2,274.2
Accumulated other comprehensive loss (217.5) (246.4)
Treasury stock, at cost, 79,901,615 shares in 2025 and 80,758,045 shares in 2024 (3,603.6) (3,612.5)
Noncontrolling interests 27.0 27.4
Total shareholders’ equity 565.5 1,185.0
Total liabilities, noncontrolling interests and shareholders’ equity $ 5,552.0 $ 6,340.3