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Condensed Consolidated Balance Sheets - USD ($)
shares in Millions, $ in Millions
Apr. 01, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 553.0 $ 600.7
Accounts receivable, net of allowance for credit losses of $7.1 and $6.8, respectively 738.7 697.1
Inventories 1,183.0 1,150.3
Prepaid expenses and other current assets 266.0 271.8
Total current assets 2,740.7 2,719.9
Property, plant and equipment, net 919.3 926.3
Operating lease assets 211.7 217.1
Goodwill and indefinite-lived intangible assets 3,650.4 3,549.0
Definite-lived intangible assets, net 3,083.9 3,230.2
Deferred income taxes 6.1 7.1
Other non-current assets 342.8 367.7
Total non-current assets 8,214.2 8,297.4
Total assets 10,954.9 11,017.3
Liabilities and Shareholders’ Equity    
Accounts payable 505.2 537.3
Payroll and related taxes 106.5 136.4
Accrued customer programs 146.7 139.1
Other accrued liabilities 272.0 250.2
Accrued income taxes 17.6 14.4
Current indebtedness 38.8 36.2
Total current liabilities 1,086.8 1,113.6
Long-term debt, less current portion 4,062.8 4,070.4
Deferred income taxes 333.8 368.2
Other non-current liabilities 637.6 623.0
Total non-current liabilities 5,034.2 5,061.6
Total liabilities 6,121.0 6,175.2
Contingencies - Refer to Note 16
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 6,910.8 6,936.7
Accumulated other comprehensive income (6.3) (27.0)
Retained earnings (accumulated deficit) (2,070.6) (2,067.6)
Total shareholders’ equity 4,833.9 4,842.1
Total liabilities and shareholders' equity $ 10,954.9 $ 11,017.3
Supplemental Disclosures of Balance Sheet Information    
Preferred shares, issued and outstanding (in shares) 0.0 0.0
Ordinary shares, issued and outstanding (in shares) 135.3 134.7