Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 29, 2024	Dec. 29, 2023
Current assets:
Cash and cash equivalents	$ 293.0	$ 307.0
Accounts receivable, net of allowance for credit losses of $1.8 and $1.0 at March 29, 2024 and December 29, 2023, respectively	194.5	180.8
Inventories	388.1	374.5
Prepaid expenses and other current assets	33.1	30.9
Total current assets	908.7	893.2
Property, plant and equipment, net	329.2	328.3
Goodwill	265.2	265.2
Intangible assets, net	207.6	215.3
Deferred tax assets, net	3.3	3.1
Operating lease right-of-use assets	163.4	151.7
Other non-current assets	10.2	10.9
Total assets	1,887.6	1,867.7
Current liabilities:
Bank borrowings	17.0	17.6
Accounts payable	215.7	192.9
Accrued compensation and related benefits	37.1	47.7
Operating lease liabilities	18.3	18.1
Other current liabilities	41.3	33.7
Total current liabilities	329.4	310.0
Bank borrowings, net of current portion	458.2	461.2
Deferred tax liabilities	18.9	19.0
Operating lease liabilities	153.4	143.0
Other liabilities	38.6	37.3
Total liabilities	998.5	970.5
Commitments and contingencies (See Note 9)
UCT stockholders’ equity:
Preferred stock — $0.001 par value, 10.0 shares authorized; none outstanding	0.0	0.0
Common stock — $0.001 par value, 90.0 shares authorized; 46.1 and 46.1 shares issued and 44.6 and 44.6 shares outstanding at March 29, 2024 and December 29, 2023, respectively	0.1	0.1
Additional paid-in capital	545.0	541.5
Common shares held in treasury, at cost, 1.5 and 1.5 shares at March 29, 2024 and December 29, 2023, respectively	(45.0)	(45.0)
Retained earnings	337.3	346.7
Accumulated other comprehensive loss	(6.5)	(4.4)
Total UCT stockholders' equity	830.9	838.9
Noncontrolling interests	58.2	58.3
Total equity	889.1	897.2
Total liabilities and equity	$ 1,887.6	$ 1,867.7