Property and Equipment, net (Tables)

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

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			2 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)	December 31, 2022		January 1, 2022
Building and building improvements	$	151.0	$	142.1
Machinery, equipment and tooling	149.4		103.5
Land	65.1		57.0
Operating lease assets(1)	50.2		—
Computer equipment and software	42.1		32.5
Transportation, vehicles and other	32.7		33.1
Leasehold improvements	32.3		21.9
Furniture and office equipment	19.4		14.2
Demonstration units	11.2		0.9
Construction-in-progress (CIP)	50.6		25.1
Total property and equipment	604.0		430.3
Accumulated depreciation	(201.5)		(157.5)
Property and equipment, net	$	402.5	$	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, net.