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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jul. 03, 2022
Jan. 02, 2022
Current Assets    
Cash and cash equivalents $ 278.8 $ 474.7
Accounts receivable, net 814.7 767.7
Unbilled receivables, net 314.6 316.1
Inventories, net 821.5 752.9
Prepaid expenses and other current assets 107.8 118.0
Total current assets 2,337.4 2,429.4
Property, plant and equipment, net of accumulated depreciation and amortization of $818.9 at July 3, 2022 and $743.3 at January 2, 2022 774.2 827.5
Goodwill 7,894.6 7,986.7
Acquired intangibles, net 2,618.8 2,741.6
Prepaid pension assets 135.5 123.7
Operating lease right-of-use assets 147.1 144.5
Other assets, net 139.9 176.9
Total Assets 14,047.5 14,430.3
Current Liabilities    
Accounts payable 483.0 469.5
Accrued liabilities 620.0 1,028.9
Current portion of long-term debt 300.0 0.0
Total current liabilities 1,403.0 1,498.4
Long-term debt, net of current portion 3,645.7 4,099.4
Long-term operating lease liabilities 139.3 138.0
Long-term deferred tax liabilities 568.5 625.5
Other long-term liabilities 429.1 447.0
Total Liabilities 6,185.6 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 July 3, 2022 and 47,194,766 at January 2, 2022; outstanding shares: 46,862,209 at July 3, 2022 and 46,692,296 at January 2, 2022 0.5 0.5
Additional paid-in capital 4,333.6 4,317.1
Retained earnings 4,157.1 3,773.2
Treasury stock, 332,557 shares at July 3, 2022 and 502,470 shares at January 2, 2022 (24.3) (38.8)
Accumulated other comprehensive loss (605.0) (430.0)
Total Stockholders’ Equity 7,861.9 7,622.0
Total Liabilities and Stockholders’ Equity $ 14,047.5 $ 14,430.3