v3.26.3
Balance Sheet Information and Other Supplemental Disclosures (Tables)
 9 Months Ended
Oct. 02, 2026
Balance Sheet Related Disclosures [Abstract]  
Schedule of Goodwill
The following table summarizes goodwill by operating and reportable segments (in millions): 
PSGAMGISGTotal
Balances as of December 31, 2025 (1)
$703.9 $851.7 $124.3 $1,679.9 
Addition related to business acquisition— 7.7 — 7.7 
Divestiture of a business$(0.1)$(1.0)$— $(1.1)
Balances as of October 2, 2026 (1)
$703.8 $858.4 $124.3 $1,686.5 
(1)Net of accumulated goodwill impairment losses of $31.9 million in the PSG reportable segment and $748.9 million in the AMG reportable segment as of October 2, 2026 and December 31, 2025.
Schedule of Inventories
Details of inventories were as follows (in millions):
As of
October 2, 2026December 31, 2025
Inventories:
Raw materials$305.8 $263.6 
Work in process1,430.2 1,388.9 
Finished goods333.7 337.1 
Total$2,069.7 $1,989.6 
Schedule of Net Periodic Pension Expense
The components of the net periodic pension expense were as follows (in millions):
Quarters EndedNine Months Ended
October 2, 2026October 3, 2025October 2, 2026October 3, 2025
Service cost$1.2 $1.1 $3.2 $3.3 
Interest cost1.4 1.4 4.2 4.1 
Expected return on plan assets(0.9)(1.2)(3.1)(3.6)
Curtailment losses— — — 1.5 
Actuarial gain(0.6)— (0.6)— 
Total$1.1 $1.3 $3.7 $5.3 
Schedule of Components of Lease Expense The components of lease expense (including accelerated amortization related to ROU asset abandonment discussed in Note 5) were as follows (in millions):
Quarters EndedNine Months Ended
October 2, 2026October 3, 2025October 2, 2026October 3, 2025
Operating lease$9.7 $16.4 $59.4 $54.7 
Variable lease1.4 1.5 4.7 4.4 
Short-term lease0.5 0.6 1.3 2.1 
Total$11.6 $18.5 $65.4 $61.2 
The operating lease liabilities and operating ROU assets recognized in the Consolidated Balance Sheets were as follows (in millions):
As of
October 2, 2026December 31, 2025
Operating lease liabilities included in:
Accrued expenses and other current liabilities$27.8 $33.9 
Other long-term liabilities194.1 214.5 
Total$221.9 $248.4 
Operating ROU assets included in:
Other assets$156.9 $200.8 
Schedule of Cash and Non-Cash Activities
Certain of the cash and non-cash activities were as follows (in millions):
Nine Months Ended
October 2, 2026October 3, 2025
Non-cash investing activities:
Capital expenditures in accounts payable and other long-term liabilities$77.1 $106.9 
Operating ROU assets obtained in exchange for lease liabilities4.4 14.2 
Cash paid for:
Interest expense$36.7 $53.2 
Income taxes143.5 103.9 
Operating lease payments in operating cash flows30.9 45.2 
Schedule of Cash and Cash Equivalents
The following table shows a reconciliation of the captions in the Consolidated Balance Sheets to the Consolidated Statements of Cash Flows (in millions):
As of
October 2, 2026December 31, 2025October 3, 2025December 31, 2024
Consolidated Balance Sheets:
Cash and cash equivalents$4,157.7 $2,147.6 $2,472.5 $2,691.3 
Restricted cash (included in other current assets)1.4 1.4 1.5 2.1 
Cash, cash equivalents and restricted cash in Consolidated Statements of Cash Flows$4,159.1 $2,149.0 $2,474.0 $2,693.4 
Schedule of Restrictions on Cash and Cash Equivalents
The following table shows a reconciliation of the captions in the Consolidated Balance Sheets to the Consolidated Statements of Cash Flows (in millions):
As of
October 2, 2026December 31, 2025October 3, 2025December 31, 2024
Consolidated Balance Sheets:
Cash and cash equivalents$4,157.7 $2,147.6 $2,472.5 $2,691.3 
Restricted cash (included in other current assets)1.4 1.4 1.5 2.1 
Cash, cash equivalents and restricted cash in Consolidated Statements of Cash Flows$4,159.1 $2,149.0 $2,474.0 $2,693.4