Certain Balance Sheet Components

12 Months Ended

Dec. 30, 2022

Balance Sheet Related Disclosures [Abstract]

Certain Balance Sheet Components

NOTE 5: CERTAIN BALANCE SHEET COMPONENTS

The components of inventory, net were as follows:

At the End of Year	2022		2021
(In millions)
Inventories:
Raw materials	$	154.9	$	129.6
Work-in-process	13.1		12.4
Finished goods	234.5		221.3
Total inventories	$	402.5	$	363.3

Finished goods includes $16.9 million and $13.7 million at the end of 2022 and 2021 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 Year	2022		2021
(In millions)
Property and equipment, net:
Land, building, furniture, and leasehold improvements	$	244.4	$	238.8
Machinery and equipment	177.6		185.8
Software and licenses	146.4		150.9
Construction in progress	10.1		20.7
	578.5		596.2
Less: accumulated depreciation	(359.5)		(363.0)
Total property and equipment, net	$	219.0	$	233.2

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

At the End of Year	2022		2021
(In millions)
Accumulated foreign currency translation adjustments	$	(241.6)	$	(160.0)
Gain on cash flow hedge	5.4		—
Net unrealized actuarial gains (losses)	1.3		(1.7)
Total accumulated other comprehensive loss	$	(234.9)	$	(161.7)