v3.26.1
CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 03, 2026
Dec. 31, 2025
Current assets:    
Cash and equivalents $ 270.9 $ 318.8
Accounts receivable less allowance for credit losses of $8.5 and $7.8, respectively 291.8 285.3
Inventories:    
Finished goods 64.8 63.5
Work in process 149.4 119.5
Raw materials 122.8 118.6
Inventories, net 337.0 301.6
Prepaid expenses and other current assets 72.3 70.4
Total current assets 972.0 976.1
Property, plant and equipment, net of accumulated depreciation of $471.0 and $468.7, respectively 213.5 214.2
Other assets 168.5 163.7
Goodwill 1,614.8 1,672.4
Other intangible assets, net 736.9 795.2
Total assets 3,705.7 3,821.6
Current liabilities:    
Current portion of long-term debt 0.0 530.4
Trade accounts payable 277.1 263.7
Accrued expenses and other current liabilities 360.8 365.6
Total current liabilities 637.9 1,159.7
Long-term debt 1,148.5 618.4
Other long-term liabilities 385.4 409.2
Total liabilities 2,171.8 2,187.3
Commitments and contingencies (Note 8)
Equity:    
Common stock: $0.01 par value, 1,300.0 shares authorized; 113392182 and 112884493 issued; and 110.6 and 112884493 outstanding, respectively 1.1 1.1
Preferred stock: $0.01 par value, 10.0 shares authorized; no shares issued and outstanding 0.0 0.0
Additional paid-in capital 3,253.8 3,223.4
Treasury stock, at cost (151.5) 0.0
Accumulated deficit (1,255.0) (1,345.3)
Accumulated other comprehensive loss (314.5) (244.9)
Total equity 1,533.9 1,634.3
Total liabilities and equity $ 3,705.7 $ 3,821.6