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Property and Equipment (Tables) | 6 Months Ended
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Jul. 02, 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 improvements | Lesser of useful life or term of lease
Machinery, equipment and tooling | 3 to 20 years
Operating lease assets | Lesser 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) | July 2, 2022 |  | January 1, 2022 |
Building and building improvements | $ | 148.7 |  |  | $ | 142.1 |  |
Machinery, equipment and tooling | 139.5 |  |  | 103.5 |  |
Land | 64.5 |  |  | 57.0 |  |
Computer equipment and software | 40.2 |  |  | 32.5 |  |
Transportation, vehicles and other | 33.1 |  |  | 33.1 |  |
Leasehold improvements | 31.1 |  |  | 21.9 |  |
Furniture and office equipment | 16.5 |  |  | 14.2 |  |
Operating lease assets(1) | 14.1 |  |  | — |  |
Demonstration units | 7.8 |  |  | 0.9 |  |
Construction-in-progress (CIP) | 48.6 |  |  | 25.1 |  |
Total property and equipment | 544.1 |  |  | 430.3 |  |
Accumulated depreciation | (173.4) |  |  | (157.5) |  |
Property and equipment, net | $ | 370.7 |  |  | $ | 272.8 |  |
______________ (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.

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- Definition 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 + Details
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