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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 29, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 162,414 $ 159,529
Accounts receivable, net 622,518 563,916
Inventories, net 677,384 610,177
Other current assets 97,128 158,603
Total current assets 1,559,444 1,492,225
Property, plant and equipment, net 1,119,026 1,127,037
Lease right-of-use assets 485,821 506,827
Goodwill 1,106,724 1,105,732
Intangible assets, net 2,335,387 2,387,905
Other assets, net 55,079 65,420
Total assets 6,661,481 6,685,146
Current liabilities:    
Current portion of long-term debt 42,500 34,000
Short-term borrowings 0 95,000
Current portion of lease liabilities 85,660 85,052
Accounts payable 313,182 252,004
Accrued income and other taxes 39,407 17,325
Employee-related liabilities 86,336 86,516
Rebates, warranties and other customer-related liabilities 131,429 147,280
Accrued interest 33,774 69,334
Other current liabilities 95,040 97,827
Total current liabilities 827,328 884,338
Long-term debt 4,700,775 4,421,528
Long-term lease liabilities 390,142 408,157
Deferred income tax liabilities 427,085 531,352
Other long-term liabilities 229,038 234,894
Total liabilities 6,574,368 6,480,269
Commitments and contingencies (Note 14)
Equity:    
Common stock, $0.01 par value, 1,000 shares authorized, issued and outstanding at March 29, 2025 and December 31, 2024 0 0
Additional paid-in capital 1,536,825 1,540,572
Accumulated deficit (1,439,055) (1,328,431)
Accumulated other comprehensive loss (10,657) (7,264)
Total equity 87,113 204,877
Total liabilities and equity $ 6,661,481 $ 6,685,146