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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Apr. 02, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 264,138 $ 292,034
Accounts receivable, net 410,020 408,834
Inventories 614,106 578,507
Prepaid expenses and other current assets 134,948 125,084
Prepaid taxes 4,842 6,524
Total current assets 1,428,054 1,410,983
Property, plant and equipment, net 458,861 447,205
Operating lease assets 126,773 131,211
Goodwill 2,547,840 2,536,730
Intangible assets, net 2,269,535 2,306,165
Deferred tax assets 6,479 6,402
Other assets 80,380 89,367
Total assets 6,917,922 6,928,063
Current liabilities    
Current borrowings 87,500 87,500
Accounts payable 136,239 126,807
Accrued expenses 123,451 140,644
Payroll and benefit-related liabilities 102,081 133,092
Accrued interest 16,862 5,332
Income taxes payable 30,176 24,736
Other current liabilities 79,403 63,381
Total current liabilities 575,712 581,492
Long-term borrowings 1,549,474 1,624,023
Deferred tax liabilities 388,185 388,886
Pension and postretirement benefit liabilities 30,924 31,394
Noncurrent liability for uncertain tax positions 6,464 5,805
Noncurrent operating lease liabilities 115,838 120,437
Other liabilities 141,072 154,058
Total liabilities 2,807,669 2,906,095
Commitments and contingencies
Total shareholders' equity 4,110,253 4,021,968
Total liabilities and shareholders' equity $ 6,917,922 $ 6,928,063