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Other Current Assets (Tables)

6 Months Ended

Jul. 01, 2023

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Other Non-Current Assets

Other current assets consist of the following:

(in millions)			July 1, 2023						December 31, 2022
Prepaid expenses			$	67.7					$	60.7
Prepaid income taxes			24.6						29.2
Lease receivable, current			30.3						28.5
Indirect taxes receivable			24.9						26.8
Prepaid rebates and royalties, current			4.9						3.7
Contract assets, current			4.8						3.9
Restricted cash(1)			2.4						2.4
Other current assets			6.5						3.6
Total other current assets			$	166.1					$	158.8

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(1)     Restricted cash includes funds received from the Bill and Melinda Gates Foundation. As the Company incurs costs associated with research and development related to this project, on a quarterly basis, the Company reclasses amounts from the grant to offset costs incurred.

Other non-current assets consist of the following:

(in millions)			July 1, 2023						December 31, 2022
Lessee ROU assets, net			$	60.2					$	69.6
Derivative assets - non-current			21.1						19.3
Strategic investments			13.9						13.8
Prepaid deposits and other			12.7						11.0
Other non-current assets			0.3						0.3
Total non-current assets			$	108.2					$	114.0

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- Definition

Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets.

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