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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Jun. 28, 2024
Dec. 29, 2023
Current assets:    
Cash and cash equivalents $ 944.1 $ 229.8
Accounts receivable, net 577.0 706.6
Inventories 223.1 235.7
Prepaid expenses 94.8 89.8
Other current assets 126.1 147.8
Assets held for sale 0.0 421.2
Total current assets 1,965.1 1,830.9
Property and equipment, net 201.4 202.5
Operating lease right-of-use assets 113.7 124.0
Goodwill 5,198.3 5,350.6
Other purchased intangible assets, net 1,114.6 1,243.5
Deferred income tax assets 308.0 412.3
Equity investments 426.1 127.7
Other non-current assets 270.6 247.8
Total assets 9,597.8 9,539.3
Current liabilities:    
Short-term debt 400.0  
Short-term debt   530.4
Accounts payable 175.1 165.3
Accrued compensation and benefits 165.2 181.2
Deferred revenue 714.6 663.1
Income taxes payable 327.9 39.7
Other current liabilities 195.1 201.3
Liabilities held for sale 0.0 48.3
Total current liabilities 1,977.9 1,829.3
Long-term debt 1,389.7 2,536.2
Deferred revenue, non-current 99.0 98.3
Deferred income tax liabilities 226.9 287.8
Operating lease liabilities 111.7 121.9
Other non-current liabilities 159.2 165.7
Total liabilities 3,964.4 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; 245.4 and 246.5 shares issued and outstanding at the end of the second quarter of 2024 and year end 2023 0.2 0.2
Additional paid-in-capital 2,275.2 2,214.6
Retained earnings 3,628.4 2,437.4
Accumulated other comprehensive loss (270.4) (152.1)
Total stockholders’ equity 5,633.4 4,500.1
Total liabilities and stockholders’ equity $ 9,597.8 $ 9,539.3