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Lease Receivable (Tables)
3 Months Ended
Mar. 30, 2024
Leases [Abstract]  
Schedule of Sale-Type Lease Receivable
Lease receivable from sales-type leases consists of the following:
(in millions)March 30,
2024
December 30,
2023
Lease receivable$100.3 $101.9 
Allowance for credit loss(0.3)(0.3)
     Lease receivable, net100.0 101.6 
Less: current portion of lease receivable(29.7)(30.2)
     Lease receivable, non-current$70.3 $71.4 
Schedule of Sales-type Lease, Lease Receivable, Maturity
As of March 30, 2024, 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
2024 (balance of year)$22.9 $8.5 
202525.7 10.2 
202619.8 9.4 
202714.4 7.8 
20288.0 5.6 
Thereafter9.2 9.1 
     Total$100.0 $50.6 
Less: imputed interest(1)
— 
     Present value of total lease payments$100.0 
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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.