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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 29, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 253,697 $ 290,188
Accounts receivable, net 513,812 459,495
Inventories 693,686 600,133
Prepaid expenses and other current assets 199,000 117,851
Prepaid taxes 63,667 3,457
Total current assets 1,723,862 1,471,124
Property, plant and equipment, net 548,961 502,852
Operating lease assets 99,097 108,912
Goodwill 2,694,052 2,632,314
Intangible assets, net 2,184,312 2,268,714
Deferred tax assets 12,866 11,374
Other assets 112,069 102,624
Total assets 7,375,219 7,097,914
Current liabilities    
Current borrowings 100,000 100,000
Accounts payable 157,558 141,031
Accrued expenses 157,178 143,167
Payroll and benefit-related liabilities 114,167 151,263
Accrued interest 5,632 5,338
Income taxes payable 22,494 41,318
Other current liabilities 159,119 67,243
Total current liabilities 716,148 649,360
Long-term borrowings 1,801,645 1,555,871
Deferred tax liabilities 373,955 391,066
Pension and postretirement benefit liabilities 21,485 20,185
Noncurrent liability for uncertain tax positions 1,968 1,831
Noncurrent operating lease liabilities 93,506 99,154
Other liabilities 123,644 102,307
Total liabilities 3,132,351 2,819,774
Commitments and contingencies
Total shareholders' equity 4,242,868 4,278,140
Total liabilities and shareholders' equity $ 7,375,219 $ 7,097,914