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Balance Sheet Information

6 Months Ended

Jun. 28, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

BALANCE SHEET INFORMATION

Inventories consisted of the following:


(In millions)	June 28, 2024		December 29, 2023
Raw materials	$	206.9	$	197.9
Work in process	132.2		107.2
Finished goods	60.8		69.4
Total	$	399.9	$	374.5

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


(In millions)	June 28, 2024		December 29, 2023
Land	$	7.2	$	5.6
Buildings	54.1		57.1
Leasehold improvements	132.2		110.8
Machinery and equipment	213.4		207.4
Computer equipment and software	77.2		72.2
Furniture and fixtures	4.3		5.0
	488.4		458.1
Accumulated depreciation	(192.1)		(170.3)
Construction in progress	30.3		40.5
Total	$	326.6	$	328.3

Long-lived assets used in operations are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable and the undiscounted cash flows estimated to be generated by the asset are less than the asset’s carrying value. Refer to Note 1, “Organization and Significant Accounting Policies” for additional information regarding impairment testing of long-lived assets.