Certain Balance Sheet Components

12 Months Ended

Jan. 03, 2025

Balance Sheet Related Disclosures [Abstract]

Certain Balance Sheet Components

NOTE 6: CERTAIN BALANCE SHEET COMPONENTS

The components of inventories, net were as follows:

At the End of Year	2024		2023
(In millions)
Inventories:
Raw materials	$	71.7	$	88.4
Work-in-process	5.2		3.0
Finished goods	117.4		144.3
Total inventories	$	194.3	$	235.7

Finished goods includes $6.8 million and $11.3 million at the end of 2024 and 2023 for costs of sales that have been deferred in connection with deferred revenue arrangements.

The components of property and equipment, net were as follows:

	At the End of 2024						At the End of 2023
(In millions)	Gross Carrying Amount		Accumulated Depreciation		Net  Carrying Amount		Gross Carrying Amount		Accumulated Depreciation		Net  Carrying Amount
Property and equipment:
Land, building, furniture, and leasehold improvements	$	238.9	$	(98.8)	$	140.1	$	237.4	$	(94.5)	$	142.9
Machinery and equipment	147.0		(121.8)		25.2		170.0		(138.3)		31.7
Software	128.4		(118.6)		9.8		131.6		(117.7)		13.9
Construction in progress	13.3		—		13.3		14.0		—		14.0
Total property and equipment	$	527.6	$	(339.2)	$	188.4	$	553.0	$	(350.5)	$	202.5

Depreciation expense was $33.0 million, $38.3 million, and $40.2 million for 2024, 2023, and 2022.

The components of accumulated other comprehensive loss, net of related tax were as follows:

At the End of Year	2024		2023
(In millions)
Accumulated foreign currency translation adjustments	$	(385.2)	$	(158.0)
Gain on cash flow hedge	4.1		4.7
Net unrealized actuarial (losses) gains	(0.8)		1.2
Total accumulated other comprehensive loss	$	(381.9)	$	(152.1)