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Lease Receivable (Tables)
 6 Months Ended
Jul. 02, 2022
Leases [Abstract]  
Sale-Type Lease Receivable
Lease receivable from sales-type leases consists of the following:
(in millions)July 2,
2022		January 1,
2022
Lease receivable$104.6 $102.6 
Allowance for credit loss(0.3)(0.3)
     Lease receivable, net104.3 102.3 
Less: current portion of lease receivable(28.9)(28.7)
     Lease receivable, noncurrent$75.4 $73.6 
Sales-type Lease, Lease Receivable, Maturity
As of July 2, 2022, estimated future maturities of customer sales-type lease receivables and operating lease payments for each of the following fiscal years are as follows:
Future Lease Receivables/Payments
(in millions)
Fiscal yearSales-Type LeasesOperating Leases
2022 (balance of year)$15.0 $1.1 
202326.9 1.6 
202423.2 1.6 
202517.8 1.5 
202611.1 1.3 
Thereafter10.3 3.0 
     Total$104.3 $10.1 
Less: imputed interest(1)
— 
     Present value of total lease payments$104.3 
______________
(1)     The calculation of the rates implicit in the leases resulted in negative discount rates. Therefore, the Company as a lessor used a 0% discount rate to measure the net investment in the lease.