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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 28, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 158,295 $ 468,877
Accounts receivable, net 714,963 596,621
Inventories 686,588 496,839
Other current assets 94,810 73,987
Total current assets 1,654,656 1,636,324
Property, plant and equipment, net 1,133,891 889,103
Lease right-of-use assets 532,568 365,292
Goodwill 1,619,648 1,681,764
Intangible assets, net 2,430,464 2,286,068
Other assets, net 68,160 74,790
Total assets 7,439,387 6,933,341
Current liabilities:    
Current portion of long-term debt 34,000 29,000
Short-term borrowings 205,000 0
Current portion of lease liabilities 81,731 64,711
Accounts payable 263,852 255,227
Accrued income and other taxes 39,726 57,058
Employee-related liabilities 88,021 113,081
Rebates, warranties and other customer-related liabilities 193,101 151,990
Other current liabilities 98,837 129,327
Total current liabilities 1,004,268 800,394
Long-term debt 4,415,146 3,382,550
Long-term lease liabilities 420,670 287,304
Deferred income tax liabilities 543,811 556,935
Other long-term liabilities 258,729 261,288
Total liabilities 6,642,624 5,288,471
Commitments and contingencies (Note 13)
Equity:    
Common stock, $0.01 par value, 1,000 shares authorized, issued and outstanding at September 28, 2024 and December 31, 2023 0 0
Additional paid-in capital 1,538,881 1,766,024
Accumulated deficit (741,849) (139,021)
Accumulated other comprehensive income (loss) (269) 17,867
Total equity 796,763 1,644,870
Total liabilities and equity $ 7,439,387 $ 6,933,341