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Lease Receivable (Tables)
12 Months Ended
Dec. 30, 2023
Leases [Abstract]  
Schedule of Sale-Type Lease Receivable
Lease receivable from sales-type leases consists of the following:
(in millions)December 30,
2023
December 31,
2022
Lease receivable$101.9 $101.8 
Allowance for credit loss(0.3)(0.2)
     Lease receivable, net101.6 101.6 
Less: current portion of lease receivable(30.2)(28.5)
     Lease receivable, non-current$71.4 $73.1 
Schedule of Sales-type Lease, Lease Receivable, Maturity
As of December 30, 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 year
Sales-Type LeasesOperating Leases
2024$30.2 $10.4 
202525.0 9.3 
202618.9 8.5 
202713.6 6.9 
20287.0 5.4 
Thereafter6.9 6.0 
     Total$101.6 $46.5 
Less: imputed interest(1)
— 
     Present value of total lease payments$101.6 
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(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.