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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jul. 02, 2022
Jan. 01, 2022
Current assets    
Cash and cash equivalents $ 393.2 $ 658.2
Trade accounts receivable, net 831.7 708.1
Inventories 695.5 682.6
Taxes receivable 50.2 19.1
Prepaid expenses and other assets 276.4 210.7
Total current assets 2,247.0 2,278.7
Non-current assets    
Property, plant and equipment, net 633.3 670.3
Goodwill 1,973.2 2,063.0
Pension surplus 68.7 75.5
Intangible assets, net 1,545.4 1,642.2
Right-of-use assets 114.2 124.2
Taxes receivable 14.7 15.7
Deferred income taxes 557.6 639.3
Other non-current assets 43.9 24.1
Total assets 7,198.0 7,533.0
Current liabilities    
Debt, current portion 37.8 38.1
Trade accounts payable 478.8 506.6
Taxes payable 35.1 34.1
Accrued expenses and other current liabilities 219.8 277.1
Total current liabilities 771.5 855.9
Non-current liabilities    
Debt, less current portion 2,533.9 2,526.5
Post-retirement benefit obligations 97.4 106.2
Lease liabilities 105.3 116.4
Taxes payable 104.8 103.7
Deferred income taxes 224.6 283.7
Other non-current liabilities 57.2 59.2
Total liabilities 3,894.7 4,051.6
Commitments and contingencies (note 18)
Shareholders’ equity    
—Shares, par value of $0.01 each - authorized shares: 3,000,000,000; outstanding shares: 282,286,432 (January 1, 2022: authorized shares: 3,000,000,000; outstanding shares: 291,282,137) 2.8 2.9
—Additional paid-in capital 2,524.1 2,484.1
—Accumulated other comprehensive loss (914.8) (825.2)
—Retained earnings 1,346.1 1,437.9
Total shareholders’ equity 2,958.2 3,099.7
Non-controlling interests 345.1 381.7
Total equity 3,303.3 3,481.4
Total liabilities and equity $ 7,198.0 $ 7,533.0