Balance Sheet Information

12 Months Ended

Dec. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Balance Sheet Information

4. BALANCE SHEET INFORMATION

Inventories consisted of the following:

	December 30,		December 31,
(In millions)	2022		2021
Raw materials	$	230.4	$	220.9
Work in process		142.3		102.5
Finished goods		71.2		55.8
Total	$	443.9	$	379.2

The inventory write-downs are recorded on the basis of obsolete inventory or specific identified inventory in excess of estimated usage.

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

	Useful Life	December 30,			December 31,
(In millions)	(In years)	2022			2021
Land	n/a	$	3.0		$	4.7
Buildings	50		58.6			52.1
Leasehold improvements	*		81.3			67.3
Machinery and equipment	5-10		152.5			132.6
Computer equipment and software	3-10		68.3			57.7
Furniture and fixtures	5		5.1			5.2
			368.8			319.6
Accumulated depreciation			(146.0	)		(116.0	)
Construction in progress			56.8			38.7
Total		$	279.6		$	242.3

* Lesser of estimated useful life or remaining lease term