Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 28, 2024	Dec. 29, 2023
Current assets:
Cash and cash equivalents	$ 319.5	$ 307.0
Accounts receivable, net of allowance for credit losses of $2.1 and $1.0 at June 28, 2024 and December 29, 2023, respectively	206.9	180.8
Inventories	399.9	374.5
Prepaid expenses and other current assets	34.5	30.9
Total current assets	960.8	893.2
Property, plant and equipment, net	326.6	328.3
Goodwill	265.2	265.2
Intangible assets, net	200.0	215.3
Deferred tax assets, net	3.1	3.1
Operating lease right-of-use assets	161.3	151.7
Other non-current assets	10.3	10.9
Total assets	1,927.3	1,867.7
Current liabilities:
Bank borrowings	16.3	17.6
Accounts payable	229.0	192.9
Accrued compensation and related benefits	49.2	47.7
Operating lease liabilities	18.7	18.1
Other current liabilities	38.2	33.7
Total current liabilities	351.4	310.0
Bank borrowings, net of current portion	478.3	461.2
Deferred tax liabilities	18.9	19.0
Operating lease liabilities	152.4	143.0
Other liabilities	14.6	37.3
Total liabilities	1,015.6	970.5
Commitments and contingencies (See Note 9)
UCT stockholders’ equity:
Preferred stock — $0.001 par value, 10.0 shares authorized; none outstanding	0.0	0.0
Common stock — $0.001 par value, 90.0 shares authorized; 46.5 and 46.1 shares issued and 45.0 and 44.6 shares outstanding at June 28, 2024 and December 29, 2023, respectively	0.1	0.1
Additional paid-in capital	548.2	541.5
Common shares held in treasury, at cost, 1.5 and 1.5 shares at June 28, 2024 and December 29, 2023, respectively	(45.0)	(45.0)
Retained earnings	356.4	346.7
Accumulated other comprehensive loss	(7.4)	(4.4)
Total UCT stockholders' equity	852.3	838.9
Noncontrolling interests	59.4	58.3
Total equity	911.7	897.2
Total liabilities and equity	$ 1,927.3	$ 1,867.7