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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Oct. 01, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 881,499 $ 292,034
Accounts receivable, net 425,194 408,834
Inventories 625,075 578,507
Prepaid expenses and other current assets 138,657 125,084
Prepaid taxes 26,846 6,524
Total current assets 2,097,271 1,410,983
Property, plant and equipment, net 464,467 447,205
Operating lease assets 123,604 131,211
Goodwill 2,528,305 2,536,730
Intangible assets, net 2,180,539 2,306,165
Deferred tax assets 6,167 6,402
Other assets 93,281 89,367
Total assets 7,493,634 6,928,063
Current liabilities    
Current borrowings 87,500 87,500
Accounts payable 130,686 126,807
Accrued expenses 133,067 140,644
Payroll and benefit-related liabilities 127,101 133,092
Accrued interest 17,428 5,332
Income taxes payable 24,375 24,736
Other current liabilities 65,265 63,381
Total current liabilities 585,422 581,492
Long-term borrowings 1,950,123 1,624,023
Deferred tax liabilities 389,080 388,886
Pension and postretirement benefit liabilities 30,051 31,394
Noncurrent liability for uncertain tax positions 6,545 5,805
Noncurrent operating lease liabilities 111,810 120,437
Other liabilities 106,555 154,058
Total liabilities 3,179,586 2,906,095
Commitments and contingencies
Total shareholders' equity 4,314,048 4,021,968
Total liabilities and shareholders' equity $ 7,493,634 $ 6,928,063