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Balance Sheet Information (Tables)
12 Months Ended
Dec. 29, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Inventories

Inventories consisted of the following:

 

 

December 29,

 

 

December 30,

 

(In millions)

 

2023

 

 

2022

 

Raw materials

 

$

 

197.9

 

 

$

 

230.4

 

Work in process

 

 

 

107.2

 

 

 

 

142.3

 

Finished goods

 

 

 

69.4

 

 

 

 

71.2

 

Total

 

$

 

374.5

 

 

$

 

443.9

 

 

 

Property, Plant and Equipment, Net

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

 

Useful Life

 

December 29,

 

 

December 30,

 

(In millions)

(In years)

 

2023

 

 

2022

 

Land

n/a

 

$

 

5.6

 

 

$

 

3.0

 

Buildings

50

 

 

 

57.1

 

 

 

 

58.6

 

Leasehold improvements

*

 

 

 

110.8

 

 

 

 

81.3

 

Machinery and equipment

5-10

 

 

 

207.4

 

 

 

 

152.5

 

Computer equipment and software

3-10

 

 

 

72.2

 

 

 

 

68.3

 

Furniture and fixtures

5

 

 

 

5.0

 

 

 

 

5.1

 

 

 

 

 

 

458.1

 

 

 

 

368.8

 

Accumulated depreciation

 

 

 

 

(170.3

)

 

 

 

(146.0

)

Construction in progress

 

 

 

 

40.5

 

 

 

 

56.8

 

Total

 

 

$

 

328.3

 

 

$

 

279.6

 

 

* Lesser of estimated useful life or remaining lease term