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Property and Equipment, net (Tables)
9 Months Ended
Oct. 01, 2022
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment Property and equipment are stated at cost. Depreciation is calculated using the straight-line method over estimated useful lives as follows:
Useful Lives
Buildings and building improvements
7 to 39 years
Computer equipment and software
1 to 12 years
Demonstration units
2 to 3 years
Furniture and office equipment
2 to 15 years
Leasehold improvementsLesser of useful life or term of lease
Machinery, equipment and tooling
3 to 20 years
Operating lease assetsLesser of useful life or term of lease
Transportation, vehicles and other
1 to 20 years
Property and equipment, net, consists of the following:
(in millions)October 1,
2022
January 1,
2022
Building and building improvements$150.0 $142.1 
Machinery, equipment and tooling140.0 103.5 
Land64.0 57.0 
Computer equipment and software41.6 32.5 
Transportation, vehicles and other32.7 33.1 
Leasehold improvements30.9 21.9 
Operating lease assets(1)
22.8 — 
Furniture and office equipment17.8 14.2 
Demonstration units10.4 0.9 
Construction-in-progress (CIP)45.9 25.1 
     Total property and equipment556.1 430.3 
Accumulated depreciation(183.9)(157.5)
     Property and equipment, net$372.2 $272.8 
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(1)    Effective January 2, 2022, the Company adopted ASU 2021-05, resulting in the Company recording these operating lease assets within property, plant, and equipment.