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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 03, 2022
Jan. 02, 2022
Current assets:    
Cash and cash equivalents $ 360,860 $ 618,319
Accounts receivable, net 932,131 1,023,792
Inventories 624,297 624,714
Other current assets 190,484 173,955
Total current assets 2,107,772 2,440,780
Property, plant and equipment, net:    
Property, plant and equipment, net 533,645 545,605
Operating Lease, Right-of-Use Asset 209,332 207,775
Intangible assets, net 3,771,221 4,063,104
Goodwill 7,243,492 7,416,584
Other assets, net 324,245 326,706
Total assets 14,189,707 15,000,554
Current liabilities:    
Current portion of long-term debt 4,180 4,240
Accounts payable 333,711 355,458
Accrued expenses and other current liabilities 705,922 854,046
Total current liabilities 1,043,813 1,213,744
Long-term debt 4,484,314 4,979,737
Deferred taxes and long-term liabilities 1,311,435 1,480,469
Operating Lease, Liability, Noncurrent 182,990 185,359
Total liabilities 7,022,552 7,859,309
Commitments and contingencies (see Note 14)
Stockholders' equity:    
Preferred stock—$1 par value per share, authorized 1,000,000 shares; none issued or outstanding 0 0
Common stock—$1 par value per share, authorized 300,000,000 shares; issued and outstanding 126,218,000 shares and 126,241,000 shares at July 3, 2022 and January 2, 2022, respectively 126,218 126,241
Capital in excess of par value 2,743,456 2,760,522
Retained earnings 4,756,566 4,417,174
Accumulated other comprehensive loss (459,085) (162,692)
Total stockholders’ equity 7,167,155 7,141,245
Total liabilities and stockholders’ equity $ 14,189,707 $ 15,000,554