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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Mar. 29, 2024
Dec. 29, 2023
Current assets:    
Cash and cash equivalents $ 255.1 $ 229.8
Accounts receivable, net 633.0 706.6
Inventories 230.0 235.7
Prepaid expenses 104.1 89.8
Other current assets 112.1 147.8
Assets held for sale 505.8 421.2
Total current assets 1,840.1 1,830.9
Property and equipment, net 197.9 202.5
Operating lease right-of-use assets 116.8 124.0
Goodwill 5,195.7 5,350.6
Other purchased intangible assets, net 1,168.3 1,243.5
Deferred income tax assets 407.5 412.3
Equity investments 136.4 127.7
Other non-current assets 258.5 247.8
Total assets 9,321.2 9,539.3
Current liabilities:    
Short-term debt 543.4  
Short-term debt   530.4
Accounts payable 190.9 165.3
Accrued compensation and benefits 137.2 181.2
Deferred revenue 720.1 663.1
Income taxes payable 21.5 39.7
Other current liabilities 181.9 201.3
Liabilities held for sale 40.6 48.3
Total current liabilities 1,835.6 1,829.3
Long-term debt 2,486.9 2,536.2
Deferred revenue, non-current 98.5 98.3
Deferred income tax liabilities 265.4 287.8
Operating lease liabilities 115.4 121.9
Other non-current liabilities 170.3 165.7
Total liabilities 4,972.1 5,039.2
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 3.0 shares authorized; none issued and outstanding 0.0 0.0
Common stock, $0.001 par value; 360.0 shares authorized; 244.2 and 246.5 shares issued and outstanding at the end of the first quarter of 2024 and year end 2023 0.2 0.2
Additional paid-in-capital 2,240.7 2,214.6
Retained earnings 2,340.8 2,437.4
Accumulated other comprehensive loss (232.6) (152.1)
Total stockholders’ equity 4,349.1 4,500.1
Total liabilities and stockholders’ equity $ 9,321.2 $ 9,539.3