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Condensed Consolidated Balance Sheets - USD ($)
shares in Millions, $ in Millions
Jul. 02, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 485.3 $ 1,864.9
Accounts receivable, net of allowance for credit losses of $7.3 and $7.2, respectively 750.3 652.9
Inventories 1,079.6 1,020.2
Prepaid expenses and other current assets 336.3 305.8
Current assets held for sale 0.0 16.1
Total current assets 2,651.5 3,859.9
Property, plant and equipment, net 840.3 864.1
Operating lease assets 207.1 166.9
Goodwill and indefinite-lived intangible assets 3,582.5 3,004.7
Definite-lived intangible assets, net 3,222.7 2,146.1
Deferred income taxes 6.9 6.5
Other non-current assets 408.6 377.5
Total non-current assets 8,268.1 6,565.8
Total assets 10,919.6 10,425.7
Liabilities and Shareholders’ Equity    
Accounts payable 490.4 411.2
Payroll and related taxes 104.1 118.5
Accrued customer programs 143.6 125.6
Other accrued liabilities 240.7 279.4
Accrued income taxes 5.0 16.5
Current indebtedness 30.8 603.8
Current liabilities held for sale 0.0 32.9
Total current liabilities 1,014.6 1,587.9
Long-term debt, less current portion 4,086.1 2,916.7
Deferred income taxes 392.1 239.3
Other non-current liabilities 577.0 530.1
Total non-current liabilities 5,055.2 3,686.1
Total liabilities 6,069.8 5,274.0
Contingencies - Refer to Note 15
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 6,991.1 7,043.2
Accumulated other comprehensive income (146.8) 35.5
Retained earnings (accumulated deficit) (1,994.5) (1,927.0)
Total controlling interests 4,849.8 5,151.7
Total liabilities and shareholders' equity $ 10,919.6 $ 10,425.7
Supplemental Disclosures of Balance Sheet Information    
Preferred shares, issued and outstanding (in shares) 0.0 0.0
Ordinary shares, issued and outstanding (in shares) 134.6 133.8