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Property and Equipment (Tables)

12 Months Ended

Jan. 02, 2021

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

Property and equipment (which are carried at cost) as of 2020 and 2019 year end are as follows: 

(Amounts in millions)						2020						2019
Land						$	34.0					$	31.9
Buildings and improvements						432.0						405.1
Machinery, equipment and computer software						1,033.4						988.0
Property and equipment – gross						1,499.4						1,425.0
Accumulated depreciation and amortization						(973.2)						(903.5)
Property and equipment – net						$	526.2					$	521.5

Summary of Estimated Service Lives of Property and Equipment

The estimated service lives of property and equipment are principally as follows: 

Buildings and improvements						3 to 50 years
Machinery, equipment and computer software						2 to 15 years

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Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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