Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 02, 2022

Accounting Policies [Abstract]

Summary of Potential Ordinary Shares Equivalent Excluded from Computation of Net Loss Per Share

The following potential ordinary share equivalents outstanding were excluded from the calculation of diluted net loss per share for the periods presented because including them was anti-dilutive:

(In Millions)	January 2, 2022		January 3, 2021		December 29, 2019
Stock options		13.0		16.1		15.2
Unvested restricted shares and restricted stock units		0.6		1.0		0.2
		13.6		17.1		15.6

Summary of Income Statement Presentation For Collaboration

In general, the income statement presentation for these collaborations is as follows:

Nature / type of collaboration	Statement of operations presentation
Third party sale of product	Net revenue
Royalties received from collaborative partner	Net revenue
Royalties/milestones paid to collaborative partner (post-regulatory approval)	Amortization of intangible assets
Upfront payments and milestones paid to collaborative partner (pre-regulatory approval)	Research and development expense
Research and development payments to collaborative partner	Research and development expense
Research and development payments received from collaborative partner	Reduction to research and development expense

Schedule of Property, Plant and Equipment Recorded at Cost

Property, plant and equipment is recorded at cost and depreciated using the straight-line method over the estimated useful lives of the assets as follows:

Asset type	Useful life
Leasehold improvements	Up to 30 years
Building and building improvements	7-55 years
Machinery and equipment	3-30 years
Customer leased instruments	5-8 years
Computer software	3-8 years