v3.25.3
CONSOLIDATED AND COMBINED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 26, 2025
Dec. 31, 2024
Current assets:    
Cash and equivalents $ 264.2 $ 0.0
Accounts receivable less allowance for credit losses of $8.1 and $11.3, respectively 309.7 293.8
Inventories:    
Finished goods 74.0 72.1
Work in process 103.6 90.1
Raw materials 125.1 120.7
Inventories, net 302.7 282.9
Prepaid expenses and other current assets 100.3 41.9
Total current assets 976.9 618.6
Property, plant and equipment, net of accumulated depreciation of $471.2 and $437.0, respectively 211.5 200.2
Other assets 148.6 151.0
Goodwill 3,112.7 2,940.0
Other intangible assets, net 815.4 809.6
Total assets 5,265.1 4,719.4
Current liabilities:    
Trade accounts payable 277.2 254.6
Deferred revenue - current 165.1 143.1
Accrued expenses and other current liabilities 214.3 136.0
Total current liabilities 656.6 533.7
Long-term debt 1,148.6 0.0
Other long-term liabilities 495.7 422.9
Commitments and contingencies (Note 10)
Equity:    
Common stock: $0.01 par value, as of September 26, 2025 and December 31, 2024, 1,300 million and 1,000 shares authorized, respectively; and 112799980 million and 100 shares issued and outstanding, respectively 1.1 0.0
Preferred stock: $0.01 par value, 10.0 million shares authorized; no shares issued and outstanding 0.0 0.0
Additional paid-in capital 3,178.5 0.0
Retained earnings 34.3 0.0
Accumulated other comprehensive loss (249.7) (491.3)
Net Former Parent investment 0.0 4,254.1
Total equity 2,964.2 3,762.8
Total liabilities and equity $ 5,265.1 $ 4,719.4

Source

10-Q XBRL Zip