v3.24.3
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 28, 2024
Dec. 30, 2023
Current assets    
Cash and cash equivalents $ 574.4 $ 720.6
Trade accounts receivable, net 811.8 768.2
Inventories 724.6 647.2
Taxes receivable 63.2 30.4
Prepaid expenses and other assets 226.5 234.9
Total current assets 2,400.5 2,401.3
Non-current assets    
Property, plant and equipment, net 605.0 630.0
Goodwill 1,997.1 2,038.7
Pension surplus 8.4 8.6
Intangible assets, net 1,294.7 1,386.1
Right-of-use assets 136.5 120.1
Taxes receivable 18.3 18.5
Deferred income taxes 643.5 622.4
Other non-current assets 17.5 28.8
Total assets 7,121.5 7,254.5
Current liabilities    
Debt, current portion 36.2 36.5
Trade accounts payable 427.5 457.7
Taxes payable 66.6 36.6
Accrued expenses and other current liabilities 265.3 248.5
Total current liabilities 795.6 779.3
Non-current liabilities    
Debt, less current portion 2,341.5 2,415.0
Post-retirement benefit obligations 77.6 83.8
Lease liabilities 125.8 110.6
Taxes payable 77.4 79.4
Deferred income taxes 101.8 119.4
Other non-current liabilities 143.9 123.1
Total liabilities 3,663.6 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: 254,699,987 (December 30, 2023: authorized shares: 3,000,000,000; outstanding shares: 264,259,788) 2.5 2.6
—Additional paid-in capital 2,606.8 2,583.8
—Accumulated other comprehensive loss (942.0) (828.5)
—Treasury shares (127.1) 0.0
—Retained earnings 1,570.1 1,462.3
Total shareholders’ equity 3,110.3 3,220.2
Non-controlling interests 347.6 323.7
Total equity 3,457.9 3,543.9
Total liabilities and equity $ 7,121.5 $ 7,254.5