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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 28, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 324,631 $ 375,880
Accounts receivable, net 401,112 395,071
Inventories 512,284 513,196
Prepaid expenses and other current assets 121,877 115,436
Prepaid taxes 18,879 22,842
Total current assets 1,378,783 1,422,425
Property, plant and equipment, net 467,648 473,912
Operating lease assets 94,554 100,635
Goodwill 2,565,874 2,585,966
Intangible assets, net 2,470,244 2,519,746
Deferred tax assets 8,045 8,073
Other assets 42,875 41,802
Total assets 7,028,023 7,152,559
Current liabilities    
Current borrowings 83,750 100,500
Accounts payable 101,340 102,520
Accrued expenses 134,311 136,276
Payroll and benefit-related liabilities 100,380 122,366
Accrued interest 23,401 7,135
Income taxes payable 14,831 17,361
Other current liabilities 50,040 53,869
Total current liabilities 508,053 540,027
Long-term borrowings 2,295,436 2,377,888
Deferred tax liabilities 482,484 484,678
Pension and postretirement benefit liabilities 57,118 74,499
Noncurrent liability for uncertain tax positions 9,987 10,127
Noncurrent operating lease liabilities 79,403 86,097
Other liabilities 219,751 242,786
Total liabilities 3,652,232 3,816,102
Commitments and contingencies
Total shareholders' equity 3,375,791 3,336,457
Total liabilities and shareholders' equity $ 7,028,023 $ 7,152,559