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Condensed Consolidated Balance Sheets - USD ($)
shares in Millions, $ in Millions
Jun. 27, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 1,456.3 $ 354.3
Accounts receivable, net of allowance for credit losses of $6.2 and $6.7, respectively 1,001.2 1,243.2
Inventories 1,034.7 967.3
Prepaid expenses and other current assets 311.3 165.8
Total current assets 3,803.5 2,730.6
Property, plant and equipment, net 892.3 902.8
Operating lease assets 136.7 129.9
Goodwill and indefinite-lived intangible assets 4,046.5 4,185.5
Definite-lived intangible assets, net 2,879.8 2,921.2
Deferred income taxes 7.2 5.4
Other non-current assets 362.3 426.0
Total non-current assets 8,324.8 8,570.8
Total assets 12,128.3 11,301.4
Liabilities and Shareholders’ Equity    
Accounts payable 489.1 520.2
Payroll and related taxes 135.0 156.4
Accrued customer programs 364.5 394.4
Other accrued liabilities 240.6 229.2
Accrued income taxes 24.0 32.2
Current indebtedness 606.5 3.4
Total current liabilities 1,859.7 1,335.8
Long-term debt, less current portion 3,536.0 3,365.8
Deferred income taxes 291.6 280.6
Other non-current liabilities 530.1 515.1
Total non-current liabilities 4,357.7 4,161.5
Total liabilities 6,217.4 5,497.3
Commitments and contingencies - Refer to Note 14
Controlling interests:    
Preferred shares, $0.0001 par value per share, 10 shares authorized 0.0 0.0
Ordinary shares, €0.001 par value per share, 10,000 shares authorized 7,318.2 7,359.9
Accumulated other comprehensive income 120.7 139.4
Retained earnings (accumulated deficit) (1,528.5) (1,695.5)
Total controlling interests 5,910.4 5,803.8
Noncontrolling interest 0.5 0.3
Total shareholders’ equity 5,910.9 5,804.1
Total liabilities and shareholders' equity $ 12,128.3 $ 11,301.4
Supplemental Disclosures of Balance Sheet Information    
Preferred shares, issued and outstanding (in shares) 0.0 0.0
Ordinary shares, issued and outstanding (in shares) 136.5 136.1