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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 03, 2022
Jan. 02, 2022
Current Assets    
Cash and cash equivalents $ 284.3 $ 474.7
Accounts receivable, net 783.9 767.7
Unbilled receivables, net 348.5 316.1
Inventories, net 801.3 752.9
Prepaid expenses and other current assets 119.4 118.0
Total current assets 2,337.4 2,429.4
Property, plant and equipment, net of accumulated depreciation and amortization of $803.4 at April 3, 2022 and $743.3 at January 2, 2022 807.3 827.5
Goodwill 7,977.0 7,986.7
Acquired intangibles, net 2,682.8 2,741.6
Prepaid pension assets 129.7 123.7
Operating lease right-of-use assets 147.1 144.5
Other assets, net 169.8 176.9
Total Assets 14,251.1 14,430.3
Current Liabilities    
Accounts payable 496.1 469.5
Accrued liabilities 612.2 1,028.9
Current portion of long-term debt 300.0 0.0
Total current liabilities 1,408.3 1,498.4
Long-term debt, net of current portion 3,831.8 4,099.4
Long-term operating lease liabilities 139.4 138.0
Long-term deferred tax liabilities 612.9 625.5
Other long-term liabilities 426.3 447.0
Total Liabilities 6,418.7 6,808.3
Commitments and contingencies
Stockholders’ Equity    
Preferred stock, $0.01 par value; outstanding shares - none 0.0 0.0
Common stock, $0.01 par value; authorized 125,000,000 shares; issued shares: 47,194,766 at April 3, 2022 and 47,194,766 at January 2, 2022; outstanding shares: 46,827,834 at April 3, 2022 and 46,692,296 at January 2, 2022 0.5 0.5
Additional paid-in capital 4,325.2 4,317.1
Retained earnings 3,985.8 3,773.2
Treasury stock, 366,932 shares at April 3, 2022 and 502,470 shares at January 2, 2022 (27.2) (38.8)
Accumulated other comprehensive loss (451.9) (430.0)
Total Stockholders’ Equity 7,832.4 7,622.0
Total Liabilities and Stockholders’ Equity $ 14,251.1 $ 14,430.3