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Revenue Recognition and Contract Balances
 12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Revenue Recognition and Contract Balances Revenue Recognition and Contract Balances
The Company disaggregates its revenue from contracts with customers by customer type and geographic region for each of our segments, as the Company believes it best depicts how the nature, amount, timing and uncertainty of its revenue and cash flows are affected by economic factors. With the exception of the Engineered Systems segment, net sales in each of our segments is primarily derived from fixed-price contracts. Net sales in the Engineered Systems segment are typically between 45% and 55% fixed-price contracts in a given reporting period, with the balance of net sales related to cost-reimbursable type contracts. For 2023, 2022 and 2021, approximately 49%, 49%, and 47% of net sales in the Engineered Systems segment was derived from fixed-price contracts.
Fiscal Year Ended
December 31, 2023		Fiscal Year Ended
December 31, 2023
Customer TypeGeographic Region (c)
(in millions)U.S. Govt. (a)Other (b)TotalUnited StatesEuropeAsiaAll otherTotal
Net sales:
Digital Imaging$570.7 $2,573.4 $3,144.1 $1,406.9 $808.7 $622.9 $305.6 $3,144.1 
Instrumentation95.9 1,230.3 1,326.2 566.2 386.8 253.0 120.2 1,326.2 
Aerospace and Defense Electronics330.3 396.2 726.5 492.0 137.2 67.1 30.2 726.5 
Engineered Systems384.8 53.9 438.7 430.3 — 3.8 4.6 438.7 
Total$1,381.7 $4,253.8 $5,635.5 $2,895.4 $1,332.7 $946.8 $460.6 $5,635.5 
(a) U.S. Government sales include sales as a prime contractor or subcontractor.
(b) Primarily commercial sales
(c) Geographic region by destination
Fiscal Year Ended
January 1, 2023		Fiscal Year Ended
January 1, 2023
Customer TypeGeographic Region (c)
(in millions)U.S. Govt. (a)Other (b)TotalUnited StatesEuropeAsiaAll otherTotal
Net sales:
Digital Imaging$619.1 $2,491.8 $3,110.9 $1,416.6 $749.7 $637.8 $306.8 $3,110.9 
Instrumentation108.1 1,145.9 1,254.0 554.5 311.5 267.1 120.9 1,254.0 
Aerospace and Defense Electronics266.3 416.1 682.4 494.6 96.1 65.3 26.4 682.4 
Engineered Systems366.4 44.9 411.3 406.9 — 1.3 3.1 411.3 
Total$1,359.9 $4,098.7 $5,458.6 $2,872.6 $1,157.3 $971.5 $457.2 $5,458.6 
(a) U.S. Government sale include sales as a prime contractor or subcontractor.
(b) Primarily commercial sales
(c) Geographic region by destination
Fiscal Year Ended
January 2, 2022		Fiscal Year Ended
January 2, 2022
Customer TypeGeographic Region (c)
(in millions)U.S. Govt. (a)Other (b)TotalUnited StatesEuropeAsiaAll otherTotal
Net sales:
Digital Imaging$515.9 $1,897.0 $2,412.9 $1,082.6 $567.8 $510.3 $252.2 $2,412.9 
Instrumentation91.6 1,075.3 1,166.9 512.6 298.5 247.5 108.3 1,166.9 
Aerospace and Defense Electronics227.2 401.5 628.7 469.0 92.1 48.6 19.0 628.7 
Engineered Systems358.4 47.4 405.8 402.2 0.1 1.5 2.0 405.8 
Total$1,193.1 $3,421.2 $4,614.3 $2,466.4 $958.5 $807.9 $381.5 $4,614.3 
(a) U.S. Government sales include sales as a prime contractor or subcontractor.
(b) Primarily commercial sales
(c) Geographic region by destination

Remaining performance obligations represent the transaction price of firm orders for which work has not been performed as of the period end date and excludes unexercised contract options and potential orders under ordering-type contracts (e.g., indefinite-delivery, indefinite-quantity). As of December 31, 2023, the aggregate amount of the transaction price allocated to remaining performance obligations was $3,141.7 million. The Company expects approximately 77% of remaining performance obligations to be recognized into revenue within the next twelve months, with the remaining 23% recognized thereafter.
The unbilled receivable balance increased from the beginning of the year by $27.7 million, or 10.1% , primarily due to recognizing revenue ahead of achieving billing milestones on certain contracts within the Engineered Systems segment. Contract liabilities increased from the beginning of the year by $58.8 million or 28.3%, primarily due to an increase in customer advances in the Aerospace and Defense Electronics segment and the Instrumentation segment. The Company recognized revenue of $138.9 million during the year ended December 31, 2023 from contract liabilities that existed at the beginning of year.