v3.24.2
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 29, 2024
Dec. 30, 2023
Current assets    
Cash and cash equivalents $ 579.7 $ 720.6
Trade accounts receivable, net 807.5 768.2
Inventories 696.5 647.2
Taxes receivable 54.9 30.4
Prepaid expenses and other assets 237.9 234.9
Total current assets 2,376.5 2,401.3
Non-current assets    
Property, plant and equipment, net 599.6 630.0
Goodwill 1,966.5 2,038.7
Pension surplus 8.3 8.6
Intangible assets, net 1,309.4 1,386.1
Right-of-use assets 127.7 120.1
Taxes receivable 18.3 18.5
Deferred income taxes 608.1 622.4
Other non-current assets 20.4 28.8
Total assets 7,034.8 7,254.5
Current liabilities    
Debt, current portion 21.8 36.5
Trade accounts payable 441.3 457.7
Taxes payable 61.4 36.6
Accrued expenses and other current liabilities 238.9 248.5
Total current liabilities 763.4 779.3
Non-current liabilities    
Debt, less current portion 2,310.3 2,415.0
Post-retirement benefit obligations 79.1 83.8
Lease liabilities 117.8 110.6
Taxes payable 75.6 79.4
Deferred income taxes 106.4 119.4
Other non-current liabilities 87.9 123.1
Total liabilities 3,540.5 3,710.6
Commitments and contingencies (Note 18)
Shareholders’ equity    
—Shares, par value of $0.01 each - authorized shares: 3,000,000,000; outstanding shares: 261,601,984 (December 30, 2023: authorized shares: 3,000,000,000; outstanding shares: 264,259,788) 2.6 2.6
—Additional paid-in capital 2,600.9 2,583.8
—Accumulated other comprehensive loss (949.0) (828.5)
—Retained earnings 1,522.5 1,462.3
Total shareholders’ equity 3,177.0 3,220.2
Non-controlling interests 317.3 323.7
Total equity 3,494.3 3,543.9
Total liabilities and equity $ 7,034.8 $ 7,254.5