Other Assets

12 Months Ended

Jan. 01, 2023

Other Assets [Abstract]

Other Assets

Other Assets

Included in other assets are the following (in millions of dollars):

	2022		2021
Life insurance cash surrender value (see Retirement Benefits footnote)	$	194.3	$	232.9
Intangibles, net of accumulated amortization of $55.5 million in 2022 and $39.1 million in 2021(1)	158.7		122.0
Long-term hosted software, net of accumulated amortization of $7.3 million in 2022 and $3.2 million in 2021(2)	13.7		10.7
Noncurrent restricted cash	8.6		6.6
Workers' compensation and other claims receivable(3)	12.1		5.5
Other(4)	15.8		11.4
Other assets	$	403.2	$	389.1

(1) See Goodwill and Intangible Assets footnote for a detailed listing of intangible assets and related accumulated amortization.

(2) Long-term hosted software represents cloud computing arrangements that are comprised of internal-use software platforms that are accounted for as service contracts (see Summary of Significant Accounting Policies footnote).

(3) Workers’ compensation and other claims receivable represents receivables from the insurance company for U.S. workers’ compensation and automobile liability claims in excess of the applicable loss limits.

(4) Other in 2022 includes $6.4 million related to our equity investment in the JV (see Investment in PersolKelly Pte. Ltd footnote).