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Lease Receivable (Tables)
6 Months Ended
Jul. 01, 2023
Leases [Abstract]  
Schedule of Sale-Type Lease Receivable
Lease receivable from sales-type leases consists of the following:
(in millions)July 1,
2023
December 31,
2022
Lease receivable$108.1 $101.8 
Allowance for credit loss(0.3)(0.2)
     Lease receivable, net107.8 101.6 
Less: current portion of lease receivable(30.3)(28.5)
     Lease receivable, non-current$77.5 $73.1 
Schedule of Sales-type Lease, Lease Receivable, Maturity
As of July 1, 2023, 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
2023 (balance of year)$15.5 $4.4 
202428.8 7.5 
202523.5 6.5 
202617.3 5.9 
202711.6 4.5 
Thereafter11.1 5.7 
     Total$107.8 $34.5 
Less: imputed interest(1)
— 
     Present value of total lease payments$107.8 
______________
(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.