v3.26.1
CONDENSED COMBINED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Jul. 04, 2026
Jan. 03, 2026
Current assets:    
Cash and cash equivalents $ 50.5 $ 90.9
Inventories, net 207.1 193.6
Prepaid expenses and other 80.6 79.6
Total current assets 551.8 581.6
Property, plant and equipment, net of accumulated depreciation of $75.1 and $65.8 159.7 163.2
Goodwill 499.3 502.3
Other intangibles, net 165.9 173.3
Long-term deferred tax assets 0.4 1.4
Other assets 29.9 27.5
Total assets 1,407.0 1,461.0
Current liabilities:    
Current maturities of long-term debt 4.5 4.8
Accrued expenses 223.3 217.2
Total current liabilities 300.4 301.2
Long-term debt 254.1 28.7
Long-term deferred tax liability 35.1 35.1
Other non-current liabilities 31.9 35.3
Commitments and contingencies (Note 11)
Parent company net investment:    
Net Parent Investment (NPI) 820.4 1,088.2
Accumulated other comprehensive loss (34.9) (27.5)
Total Parent company net investment 785.5 1,060.7
Total liabilities and Parent company net investment 1,407.0 1,461.0
Nonrelated Party    
Current assets:    
Accounts receivable, net 212.6 215.3
Current liabilities:    
Accounts payable 71.7 77.1
Related Party    
Current assets:    
Accounts receivable, net 1.0 2.2
Related party loans receivable 0.0 11.7
Current liabilities:    
Accounts payable $ 0.9 $ 2.1