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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jan. 02, 2022
Jan. 03, 2021
Dec. 29, 2019
Operating Activities      
Net income $ 445.3 $ 401.9 $ 402.3
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 371.8 116.2 111.9
Stock-based compensation 33.9 30.0 30.7
Bridge financing and debt extinguishment expense 30.5 0.0 0.0
Changes in operating assets and liabilities, excluding the effect of businesses acquired:      
Accounts receivable and unbilled receivables (158.9) 47.8 (58.8)
Inventories 7.0 54.3 12.2
Prepaid expenses and other assets 11.8 (10.2) (5.3)
Accounts payable 99.1 (46.3) 29.6
Accrued expenses and other liabilities (5.7) 53.7 17.8
Deferred and income taxes payable, net (21.4) (28.8) (53.8)
Other, net 11.2 0.3 (4.5)
Net cash provided by operating activities 824.6 618.9 482.1
Investing Activities      
Purchases of property, plant and equipment (101.6) (71.4) (88.4)
Purchase of businesses and other investments, net of cash acquired (3,723.3) (29.0) (484.0)
Other, net 0.6 1.0 0.5
Net cash used in investing activities (3,824.3) (99.4) (571.9)
Financing Activities      
Net proceeds from credit facility 0.0 0.0 96.0
Proceeds from issuance of term loans and senior notes, net 3,975.9 2.7 150.0
Payments on other debt (1,141.7) (100.8) (137.2)
Proceeds from stock options exercised 25.4 36.3 34.6
Payments for bridge financing and debt extinguishment (30.5) 0.0 0.0
Other, net (22.0) 0.0 (1.7)
Net cash provided by (used in) financing activities 2,807.1 (61.8) 141.7
Effect of exchange rate changes on cash and cash equivalents (5.8) 15.9 5.1
Change in cash and cash equivalents (198.4) 473.6 57.0
Cash and cash equivalents—beginning of period 673.1 199.5 142.5
Cash and cash equivalents—end of period $ 474.7 $ 673.1 $ 199.5