v3.25.2
COMBINED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 27, 2025
Dec. 31, 2024
Current assets:    
Cash and equivalents $ 198.6 $ 0.0
Accounts receivable less allowance for credit losses of $8.6 and $11.3, respectively 289.3 293.8
Inventories:    
Finished goods 71.8 72.1
Work in process 99.1 90.1
Raw materials 128.5 120.7
Inventories, net 299.4 282.9
Prepaid expenses and other current assets 59.8 41.9
Total current assets 847.1 618.6
Property, plant and equipment, net of accumulated depreciation of $453.3 and $437.0, respectively 208.9 200.2
Other assets 163.1 151.0
Goodwill 3,119.1 2,940.0
Other intangible assets, net 838.8 809.6
Total assets 5,177.0 4,719.4
Current liabilities:    
Trade accounts payable 240.4 254.6
Accrued expenses and other current liabilities 292.8 279.1
Total current liabilities 533.2 533.7
Long-term debt 1,148.5 0.0
Other long-term liabilities 455.5 422.9
Commitments and contingencies (Note 10)
Parent’s equity:    
Common stock: $0.01 par value, 1,300.0 shares authorized; 112730036 shares issued and outstanding 1.1 0.0
Preferred stock: $0.01 par value, 10.0 shares authorized; 0 shares issued and outstanding 0.0 0.0
Accumulated other comprehensive loss (237.6) (491.3)
Net Parent investment 3,276.3 4,254.1
Total Parent’s equity 3,039.8 3,762.8
Total liabilities and equity $ 5,177.0 $ 4,719.4

Source

10-Q XBRL Zip