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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 29, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 510,036 $ 757,571
Marketable securities 41,631 62,154
Accounts receivable, less allowance for credit losses of $1,972 and $1,988 at September 29, 2024 and December 31, 2023, respectively 484,376 422,124
Inventories, net [1] 297,340 309,974
Prepayments [2] 489,548 548,970
Other current assets 15,935 37,992
Current assets held for sale 0 23,250
Total current assets 1,838,866 2,162,035
Property, plant and equipment, net 491,704 445,492
Operating lease right-of-use assets, net 70,784 73,417
Marketable securities 125,944 117,434
Deferred tax assets 201,881 175,775
Retirement plans assets 13,114 11,504
Equity method investment 538,351 0
Other assets 48,384 38,580
Acquired intangible assets, net 21,288 35,404
Goodwill 419,412 415,652
Long-term assets held for sale 0 11,531
Total assets 3,769,728 [3] 3,486,824
Current liabilities:    
Accounts payable 158,459 180,131
Accrued employees' compensation and withholdings 159,794 191,750
Deferred revenue and customer advances 99,776 99,804
Other accrued liabilities 105,150 114,712
Operating lease liabilities 19,175 17,522
Income taxes payable 52,542 48,653
Current liabilities held for sale 0 7,379
Total current liabilities 594,896 659,951
Retirement plans liabilities 137,735 132,090
Long-term deferred revenue and customer advances 41,135 37,282
Long-term other accrued liabilities 8,373 19,998
Deferred tax liabilities 164 183
Long-term operating lease liabilities 60,287 65,092
Long-term incomes taxes payable 24,596 44,331
Long-term liabilities held for sale 0 2,000
Total liabilities 867,186 960,927
Commitments and contingencies (Note R)
SHAREHOLDERS' EQUITY    
Common stock, $0.125 par value, 1,000,000 shares authorized; 162,959 and 152,698 shares issued and outstanding at September 29, 2024, and December 31, 2023, respectively 20,370 19,087
Additional paid-in capital 1,896,161 1,827,274
Accumulated other comprehensive loss (4,028) (26,978)
Retained earnings 990,039 706,514
Total shareholders' equity 2,902,542 2,525,897
Total liabilities and shareholders' equity $ 3,769,728 $ 3,486,824
[1] Inventories, net at December 31, 2023, exclude $18.0 million of primarily work-in-process inventories, net classified as assets held for sale. See Note E: "Dispositions" for additional information.
[2] Excludes $5.3 million at December 31, 2023, of contract manufacturer and supplier prepayments, classified as assets held for sale. See Note E: “Dispositions” for additional information.
[3] Total assets are attributable to each segment. Corporate assets consist of cash and cash equivalents, marketable securities, and certain other assets.