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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 29, 2023
Dec. 30, 2022
Dec. 31, 2021
Cash flow from operating activities:      
Net income $ 311.3 $ 449.7 $ 492.8
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation expense 38.3 40.2 41.3
Amortization expense 212.3 131.6 138.6
Deferred income taxes (104.6) (40.0) (26.9)
Stock-based compensation 145.4 120.4 122.6
Divestitures gain, net (9.2) (99.0) (43.9)
Other, net 11.6 41.7 19.2
(Increase) decrease in assets:      
Accounts receivable, net (36.4) (55.4) (9.0)
Inventories 67.6 (113.5) (72.9)
Other current and non-current assets (67.2) (46.3) (30.2)
Increase (decrease) in liabilities:      
Accounts payable (12.4) (24.8) 60.3
Accrued compensation and benefits 20.8 (54.2) 54.1
Deferred revenue 26.0 108.6 27.4
Income taxes payable (4.0) (38.3) (2.9)
Other current and non-current liabilities (2.4) (29.5) (20.0)
Net cash provided by operating activities 597.1 391.2 750.5
Cash flow from investing activities:      
Acquisitions of businesses, net of cash acquired (2,088.9) (373.5) (236.1)
Purchases of property and equipment (42.0) (43.2) (46.1)
Net proceeds from divestitures 17.0 215.4 67.3
Other, net 45.8 (25.0) 11.4
Net cash used in investing activities (2,068.1) (226.3) (203.5)
Cash flow from financing activities:      
Issuance of common stock, net of tax withholdings 6.7 (13.6) (15.1)
Repurchases of common stock (100.0) (394.7) (180.0)
Proceeds from debt and revolving credit lines 3,847.1 814.8 198.9
Payments on debt and revolving credit lines (2,292.9) (590.2) (449.9)
Other, net (29.4) (15.3) (1.6)
Net cash provided by (used in) financing activities 1,431.5 (199.0) (447.7)
Effect of exchange rate changes on cash and cash equivalents 7.4 (20.6) (11.3)
Net (decrease) increase in cash and cash equivalents (32.1) (54.7) 88.0
Cash and cash equivalents - beginning of period 271.0 [1] 325.7 [1] 237.7
Cash and cash equivalents - end of period [1] 238.9 271.0 325.7
Supplemental cash flow disclosure:      
Cash paid for income taxes, net 168.0 197.3 98.3
Cash paid for interest $ 133.7 $ 73.1 $ 61.8
[1] Includes $9.1 million of cash and cash equivalents classified as held for sale as of December 29, 2023.