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Condensed Consolidated Balance Sheets - USD ($)
shares in Millions, $ in Millions
Jul. 01, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 555.2 $ 600.7
Accounts receivable, net of allowance for credit losses of $8.1 and $6.8, respectively 754.1 697.1
Inventories 1,167.5 1,150.3
Prepaid expenses and other current assets 296.2 271.8
Total current assets 2,773.0 2,719.9
Property, plant and equipment, net 918.3 926.3
Operating lease assets 206.9 217.1
Goodwill and indefinite-lived intangible assets 3,657.8 3,549.0
Definite-lived intangible assets, net 3,030.8 3,230.2
Deferred income taxes 6.3 7.1
Other non-current assets 371.6 367.7
Total non-current assets 8,191.7 8,297.4
Total assets 10,964.7 11,017.3
Liabilities and Shareholders’ Equity    
Accounts payable 470.5 537.3
Payroll and related taxes 104.4 136.4
Accrued customer programs 174.3 139.1
Other accrued liabilities 261.7 250.2
Accrued income taxes 7.6 14.4
Current indebtedness 38.4 36.2
Total current liabilities 1,056.9 1,113.6
Long-term debt, less current portion 4,055.9 4,070.4
Deferred income taxes 344.6 368.2
Other non-current liabilities 658.7 623.0
Total non-current liabilities 5,059.2 5,061.6
Total liabilities 6,116.1 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 6,890.9 6,936.7
Accumulated other comprehensive income 19.9 (27.0)
Retained earnings (accumulated deficit) (2,062.2) (2,067.6)
Total shareholders’ equity 4,848.6 4,842.1
Total liabilities and shareholders' equity $ 10,964.7 $ 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) 135.4 134.7