XML 18 R5.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 27, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 181,936 $ 159,529
Accounts receivable, net 730,287 563,916
Inventories, net 787,377 610,177
Assets held for sale 147,011 0
Other current assets 119,136 158,603
Total current assets 1,965,747 1,492,225
Property, plant and equipment, net 1,054,946 1,127,037
Lease right-of-use assets 475,574 506,827
Goodwill 737,936 1,105,732
Intangible assets, net 2,250,566 2,387,905
Other assets, net 51,781 65,420
Total assets 6,536,550 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 94,806 85,052
Accounts payable 310,714 252,004
Accrued income and other taxes 33,280 17,325
Employee-related liabilities 101,258 86,516
Rebates, warranties and other customer-related liabilities 156,707 147,280
Accrued interest 33,711 69,334
Other current liabilities 52,072 97,827
Total current liabilities 825,048 884,338
Long-term debt 5,021,242 4,421,528
Long-term lease liabilities 374,796 408,157
Deferred income tax liabilities 403,156 531,352
Other long-term liabilities 239,534 234,894
Total liabilities 6,863,776 6,480,269
Commitments and contingencies (Note 13)
Equity:    
Common stock, $0.01 par value, 1,000 shares authorized, issued and outstanding at September 27, 2025 and December 31, 2024 0 0
Additional paid-in capital 1,540,110 1,540,572
Accumulated deficit (1,855,004) (1,328,431)
Accumulated other comprehensive loss (12,332) (7,264)
Total equity (deficit) (327,226) 204,877
Total liabilities and equity $ 6,536,550 $ 6,685,146