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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jul. 02, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 250,816 $ 292,034
Accounts receivable, net 429,309 408,834
Inventories 631,555 578,507
Prepaid expenses and other current assets 120,190 125,084
Prepaid taxes 13,929 6,524
Total current assets 1,445,799 1,410,983
Property, plant and equipment, net 464,609 447,205
Operating lease assets 123,215 131,211
Goodwill 2,546,130 2,536,730
Intangible assets, net 2,227,947 2,306,165
Deferred tax assets 6,278 6,402
Other assets 81,747 89,367
Total assets 6,895,725 6,928,063
Current liabilities    
Current borrowings 87,500 87,500
Accounts payable 142,081 126,807
Accrued expenses 127,861 140,644
Payroll and benefit-related liabilities 106,177 133,092
Accrued interest 5,793 5,332
Income taxes payable 20,184 24,736
Other current liabilities 65,853 63,381
Total current liabilities 555,449 581,492
Long-term borrowings 1,470,674 1,624,023
Deferred tax liabilities 385,113 388,886
Pension and postretirement benefit liabilities 30,686 31,394
Noncurrent liability for uncertain tax positions 6,534 5,805
Noncurrent operating lease liabilities 112,229 120,437
Other liabilities 119,948 154,058
Total liabilities 2,680,633 2,906,095
Commitments and contingencies
Total shareholders' equity 4,215,092 4,021,968
Total liabilities and shareholders' equity $ 6,895,725 $ 6,928,063