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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Apr. 04, 2025
Jan. 03, 2025
Current assets:    
Cash and cash equivalents $ 290.0 $ 738.8
Accounts receivable, net 530.4 725.8
Inventories 187.2 194.3
Prepaid expenses 115.5 103.3
Other current assets 159.5 196.2
Assets held for sale 0.0 312.0
Total current assets 1,282.6 2,270.4
Property and equipment, net 186.8 188.4
Goodwill 5,106.6 4,988.4
Other purchased intangible assets, net 988.7 998.1
Deferred income tax assets 314.3 294.4
Equity investments 619.1 361.0
Other non-current assets 400.8 387.6
Total assets 8,898.9 9,488.3
Current liabilities:    
Accounts payable 170.9 161.6
Accrued compensation and benefits 110.8 227.2
Deferred revenue 795.0 800.4
Income taxes payable 275.7 325.0
Other current liabilities 168.2 211.2
Liabilities held for sale 0.0 62.6
Total current liabilities 1,520.6 1,788.0
Long-term debt 1,391.0 1,390.6
Deferred revenue, non-current 97.8 95.6
Deferred income tax liabilities 202.5 199.9
Other non-current liabilities 267.9 268.9
Total liabilities 3,479.8 3,743.0
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; 237.2 and 245.8 shares issued and outstanding at the end of the first quarter of 2025 and year end 2024 0.2 0.2
Additional paid-in-capital 2,333.8 2,369.4
Retained earnings 3,283.5 3,757.6
Accumulated other comprehensive loss (198.4) (381.9)
Total stockholders’ equity 5,419.1 5,745.3
Total liabilities and stockholders’ equity $ 8,898.9 $ 9,488.3