v3.25.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 29, 2025
Dec. 28, 2024
Current assets    
Cash and cash equivalents $ 640.2 $ 682.0
Trade accounts receivable, net 786.2 722.7
Inventories 700.7 676.0
Taxes receivable 35.1 28.6
Prepaid expenses and other assets 205.8 196.7
Total current assets 2,368.0 2,306.0
Non-current assets    
Property, plant and equipment, net 583.5 579.5
Goodwill 1,934.0 1,908.9
Pension surplus 5.7 5.7
Intangible assets, net 1,232.5 1,248.6
Right-of-use assets 140.4 139.4
Taxes receivable 20.1 20.7
Deferred income taxes 570.9 553.5
Other non-current assets 30.7 24.0
Total assets 6,885.8 6,786.3
Current liabilities    
Debt, current portion 31.6 39.1
Trade accounts payable 417.0 408.2
Taxes payable 38.6 22.9
Accrued expenses and other current liabilities 223.2 251.3
Total current liabilities 710.4 721.5
Non-current liabilities    
Debt, less current portion 2,308.1 2,311.5
Post-retirement benefit obligations 75.8 78.0
Lease liabilities 127.3 127.3
Taxes payable 83.1 82.2
Deferred income taxes 50.0 56.8
Other non-current liabilities 103.2 68.7
Total liabilities 3,457.9 3,446.0
Commitments and contingencies (Note 18)
Shareholders’ equity    
—Shares, par value of $0.01 each - authorized shares: 3,000,000,000; outstanding shares: 257,460,579 (December 28, 2024: authorized shares: 3,000,000,000; outstanding shares: 255,203,987) 2.6 2.6
—Additional paid-in capital 2,616.5 2,618.6
—Accumulated other comprehensive loss (1,045.7) (1,077.2)
—Treasury shares (12.7) 0.0
—Retained earnings 1,541.6 1,479.6
Total shareholders’ equity 3,102.3 3,023.6
Non-controlling interests 325.6 316.7
Total equity 3,427.9 3,340.3
Total liabilities and equity $ 6,885.8 $ 6,786.3
Outstanding shares ( in shares) 257,460,579 255,203,987