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Other Current Assets

3 Months Ended

Mar. 30, 2024

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

5. Other Current Assets

Other current assets consist of the following:


(in millions)	March 30, 2024		December 30, 2023
Prepaid expenses	$	53.1	$	58.3
Lease receivable, current	29.7		30.2
Prepaid income taxes	27.7		29.3
Indirect taxes receivable	23.1		28.6
Other receivables	10.3		6.8
Contract assets, current	7.2		6.7
Prepaid rebates and royalties, current	5.0		4.8




Restricted cash(1)	3.0		3.0
Other current assets	0.7		0.7
Total other current assets	$	159.8	$	168.4

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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.