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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Apr. 02, 2023
Jan. 01, 2023
Current Assets    
Cash and cash equivalents $ 665.2 $ 638.1
Accounts receivable, net 827.9 883.7
Unbilled receivables, net 292.2 274.7
Inventories, net 951.7 890.7
Prepaid expenses and other current assets 145.4 130.7
Total current assets 2,882.4 2,817.9
Property, plant and equipment, net of accumulated depreciation and amortization of $876.2 at April 2, 2023 and $847.8 at January 1, 2023 765.3 769.8
Goodwill 7,925.5 7,873.0
Acquired intangibles, net 2,405.4 2,440.6
Prepaid pension assets 182.4 178.4
Other assets, net 268.3 274.3
Total Assets 14,429.3 14,354.0
Current Liabilities    
Accounts payable 495.0 505.7
Accrued liabilities 692.9 717.6
Current portion of long-term debt 300.1 300.1
Total current liabilities 1,488.0 1,523.4
Long-term debt, net of current portion 3,520.3 3,620.5
Long-term deferred tax liabilities 482.4 490.0
Other long-term liabilities 569.2 547.2
Total Liabilities 6,059.9 6,181.1
Commitments and contingencies
Redeemable Noncontrolling Interest 3.7 3.7
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 2, 2023 and 47,194,766 at January 1, 2023; outstanding shares: 47,037,465 at April 2, 2023 and 46,912,635 at January 1, 2023 0.5 0.5
Additional paid-in capital 4,360.9 4,353.4
Retained earnings 4,740.5 4,561.8
Treasury stock, 157,301 shares at April 2, 2023 and 282,131 shares at January 1, 2023 (9.4) (20.0)
Accumulated other comprehensive income (loss) (726.8) (726.5)
Total Stockholders’ Equity 8,365.7 8,169.2
Total Liabilities, Redeemable Noncontrolling Interest and Stockholders' Equity $ 14,429.3 $ 14,354.0