Property Plant And Equipment

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property Plant and Equipment

Property, Plant and Equipment

Property, plant and equipment at December 31, 2023 and January 1, 2023 was as follows:

	Fiscal Year
(In millions)	2023		2022
Land	$	32.3	$	31.5
Buildings	692.7		601.6
Equipment and leasehold improvements	3,024.3		2,895.5
	3,749.3		3,528.6
Accumulated depreciation and amortization	(2,083.4)		(1,979.5)
Total property, plant and equipment, net	$	1,665.9	$	1,549.1

Construction in progress at December 31, 2023 and January 1, 2023 was $305.9 million and $262.1 million, respectively. Capital expenditures on the consolidated statement of cash flows for the fiscal years ended December 31, 2023 and January 1, 2023 exclude $41.9 million and $38.3 million, respectively, of incurred but unpaid capital expenditures that were included in property, plant and equipment and accrued at December 31, 2023 and January 1, 2023, respectively. Depreciation and amortization for the fiscal years ended December 31, 2023, January 1, 2023 and January 2, 2022 was as follows:

	Fiscal Year
(In millions)	2023		2022		2021
Depreciation of property, plant and equipment	$	117.4	$	115.4	$	117.4
Software and other amortization	28.7		27.5		26.5
Total depreciation and amortization	$	146.1	$	142.9	$	143.9