Certain Balance Sheet Components

12 Months Ended

Jan. 01, 2021

Balance Sheet Related Disclosures [Abstract]

Certain Balance Sheet Components

CERTAIN BALANCE SHEET COMPONENTS

The components of inventory, net were as follows:

At the End of Fiscal Year	2020		2019
(In millions)
Inventories:
Raw materials	$	95.6	$	95.8
Work-in-process	16.0		13.2
Finished goods	190.1		203.1
Total inventories	$	301.7	$	312.1

Finished goods includes $11.7 million and $5.6 million at the end of fiscal 2020 and 2019, respectively, for costs of sales that have been deferred in connection with deferred revenue arrangements. 

The components of property and equipment, net were as follows:

At the End of Fiscal Year	2020		2019
(In millions)
Property and equipment, net:
Land, building, furniture, and leasehold improvements	$	253.3	$	211.0
Machinery and equipment	178.7		165.3
Software and licenses	148.9		143.0
Construction in progress	17.2		38.3
	598.1		557.6
Less: accumulated depreciation	(346.3)		(316.2)
Total property and equipment, net	251.8		241.4

The components of other non-current liabilities were as follows:

At the End of Fiscal Year	2020		2019
(In millions)
Other non-current liabilities:
Unrecognized tax benefits	$	55.4	$	66.4
Deferred compensation	42.0		36.2
Pension	21.9		20.2
Other	31.3		30.1
Total other non-current liabilities	$	150.6	$	152.9

The components of accumulated other comprehensive loss, net of related tax were as follows:

At the End of Fiscal Year	2020		2019
(In millions)
Accumulated foreign currency translation adjustments	$	(96.0)	$	(173.1)
Net unrealized actuarial losses	(2.5)		(3.7)
Total accumulated other comprehensive loss	$	(98.5)	$	(176.8)