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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 02, 2023
Jan. 01, 2023
Current Assets    
Cash and cash equivalents $ 364.2 $ 638.1
Accounts receivable, net 859.4 883.7
Unbilled receivables, net 305.4 274.7
Inventories, net 970.6 890.7
Prepaid expenses and other current assets 141.1 130.7
Total current assets 2,640.7 2,817.9
Property, plant and equipment, net of accumulated depreciation and amortization of $905.1 at July 2, 2023 and $847.8 at January 1, 2023 766.0 769.8
Goodwill 7,943.8 7,873.0
Acquired intangibles, net 2,349.7 2,440.6
Prepaid pension assets 186.1 178.4
Other assets, net 270.0 274.3
Total Assets 14,156.3 14,354.0
Current Liabilities    
Accounts payable 459.4 505.7
Accrued liabilities 724.0 717.6
Current portion of long-term debt 450.1 300.1
Total current liabilities 1,633.5 1,523.4
Long-term debt, net of current portion 2,903.2 3,620.5
Long-term deferred tax liabilities 462.3 490.0
Other long-term liabilities 574.4 547.2
Total Liabilities 5,573.4 6,181.1
Commitments and contingencies
Redeemable Noncontrolling Interest 3.9 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 July 2, 2023 and 47,194,766 at January 1, 2023; outstanding shares: 47,070,900 at July 2, 2023 and 46,912,635 at January 1, 2023 0.5 0.5
Additional paid-in capital 4,371.2 4,353.4
Retained earnings 4,925.8 4,561.8
Treasury stock, 123,866 shares at July 2, 2023 and 282,131 shares at January 1, 2023 (6.5) (20.0)
Accumulated other comprehensive income (loss) (712.0) (726.5)
Total Stockholders’ Equity 8,579.0 8,169.2
Total Liabilities, Redeemable Noncontrolling Interest and Stockholders' Equity $ 14,156.3 $ 14,354.0