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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Sep. 27, 2024
Dec. 29, 2023
Current assets:    
Cash and cash equivalents $ 1,036.9 $ 229.8
Accounts receivable, net 525.6 706.6
Inventories 192.1 235.7
Prepaid expenses 95.3 89.8
Other current assets 149.1 147.8
Assets held for sale 311.7 421.2
Total current assets 2,310.7 1,830.9
Property and equipment, net 191.9 202.5
Operating lease right-of-use assets 125.4 124.0
Goodwill 5,141.8 5,350.6
Other purchased intangible assets, net 1,103.1 1,243.5
Deferred income tax assets 311.5 412.3
Equity investments 424.7 127.7
Other non-current assets 257.6 247.8
Total assets 9,866.7 9,539.3
Current liabilities:    
Short-term debt 400.0  
Short-term debt   530.4
Accounts payable 177.3 165.3
Accrued compensation and benefits 194.7 181.2
Deferred revenue 661.8 663.1
Income taxes payable 313.8 39.7
Other current liabilities 197.4 201.3
Liabilities held for sale 41.6 48.3
Total current liabilities 1,986.6 1,829.3
Long-term debt 1,390.2 2,536.2
Deferred revenue, non-current 95.4 98.3
Deferred income tax liabilities 235.9 287.8
Operating lease liabilities 121.8 121.9
Other non-current liabilities 161.7 165.7
Total liabilities 3,991.6 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; 245.8 and 246.5 shares issued and outstanding at the end of the third quarter of 2024 and year end 2023 0.2 0.2
Additional paid-in-capital 2,330.9 2,214.6
Retained earnings 3,668.3 2,437.4
Accumulated other comprehensive loss (124.3) (152.1)
Total stockholders’ equity 5,875.1 4,500.1
Total liabilities and stockholders’ equity $ 9,866.7 $ 9,539.3