Balance Sheet Information

3 Months Ended

Mar. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Balance Sheet Information

3. BALANCE SHEET INFORMATION

Inventories consisted of the following:

	March 31,		December 30,
(In millions)	2023		2022
Raw materials	$	215.2	$	230.4
Work in process		138.4		142.3
Finished goods		79.4		71.2
Total	$	433.0	$	443.9

The inventory write-downs are recorded on the basis of obsolete inventory or specific identified inventory in excess of estimated usage.

Property, plant and equipment, net, consisted of the following:

	Useful Life	March 31,			December 30,
(In millions)	(In years)	2023			2022
Land	n/a	$	3.0		$	3.0
Buildings	50		57.9			58.6
Leasehold improvements	*		82.4			81.3
Machinery and equipment	5-10		157.0			152.5
Computer equipment and software	3-10		73.5			68.3
Furniture and fixtures	5		5.3			5.1
			379.1			368.8
Accumulated depreciation			(154.4	)		(146.0	)
Construction in progress			65.2			56.8
Total		$	289.9		$	279.6

* Lesser of estimated useful life or remaining lease term