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Consolidated Balance Sheets - USD ($)
$ in Millions
Jul. 02, 2022
Jan. 01, 2022
Current assets    
Cash and cash equivalents $ 98.5 $ 128.4
Accounts receivable, net of allowance of $22.7 ($20.8 as of January 1, 2022) 283.6 261.6
Inventories 109.7 94.6
Prepaid expenses and other current assets 63.5 25.2
Total current assets 555.3 509.8
Property, plant and equipment, net 678.6 718.1
Operating lease right-of-use-assets 168.2 177.4
Goodwill 1,285.6 1,321.4
Intangible assets, net 912.2 969.8
Other long-term assets, net 29.4 26.9
Total assets 3,629.3 3,723.4
Current liabilities    
Short-term borrowings 235.2 222.1
Current maturities of long-term debt 17.1 17.7
Accounts payable and accrued liabilities 430.2 437.7
Current operating lease obligations 32.5 32.3
Total current liabilities 715.0 709.8
Long-term debt 1,274.5 1,321.1
Operating lease obligations 139.4 148.7
Deferred tax liabilities 157.9 158.8
Other long-term liabilities 65.7 64.9
Total liabilities 2,352.5 2,403.3
Shareholders' Equity    
Common shares, no par value - 161,209,111 (January 1, 2022 - 160,732,552) shares issued 1,292.6 1,286.9
Additional paid-in-capital 87.3 85.9
(Accumulated deficit) retained earnings (35.7) 16.4
Accumulated other comprehensive loss (67.4) (69.1)
Total shareholders' equity 1,276.8 1,320.1
Total liabilities and shareholders' equity $ 3,629.3 $ 3,723.4