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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 29, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 122,299 $ 468,877
Accounts receivable, net 699,714 596,621
Inventories 619,185 496,839
Other current assets 77,553 73,987
Total current assets 1,518,751 1,636,324
Property, plant and equipment, net 930,791 889,103
Lease right-of-use assets 537,024 365,292
Goodwill 1,959,830 1,681,764
Intangible assets, net 2,341,265 2,286,068
Other assets, net 83,010 74,790
Total assets 7,370,671 6,933,341
Current liabilities:    
Current portion of long-term debt 31,500 29,000
Short-term borrowings 160,000 0
Current portion of lease liabilities 79,920 64,711
Accounts payable 255,921 255,227
Accrued income and other taxes 73,354 57,058
Employee-related liabilities 82,551 113,081
Rebates, warranties and other customer-related liabilities 168,633 151,990
Other current liabilities 139,627 129,327
Total current liabilities 991,506 800,394
Long-term debt 3,901,852 3,382,550
Long-term lease liabilities 427,309 287,304
Deferred income tax liabilities 489,914 556,935
Other long-term liabilities 265,838 261,288
Total liabilities 6,076,419 5,288,471
Commitments and contingencies (Note 13)
Equity:    
Common stock, $0.01 par value, 1,000 shares authorized, issued and outstanding at June 29, 2024 and December 31, 2023 0 0
Additional paid-in capital 1,537,176 1,766,024
Accumulated deficit (264,815) (139,021)
Accumulated other comprehensive income 21,891 17,867
Total equity 1,294,252 1,644,870
Total liabilities and equity $ 7,370,671 $ 6,933,341