XML 50 R38.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Other Current Assets (Tables)
 6 Months Ended
Jun. 29, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Other Non-Current Assets
Other current assets consist of the following:
(in millions)June 29,
2024		December 30,
2023
Prepaid income taxes$44.2 $29.3 
Prepaid expenses40.8 58.3 
Lease receivable, current28.6 30.2 
Indirect taxes receivable25.6 28.6 
Contract assets, current7.4 6.7 
Other receivables6.8 6.8 
Prepaid rebates and royalties, current4.9 4.8 
Restricted cash(1)
2.8 3.0 
Other current assets0.8 0.7 
     Total other current assets$161.9 $168.4 
______________
(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)June 29,
2024		December 30,
2023
Lessee ROU assets, net$76.1 $59.1 
Derivative assets - non-current(1)
13.5 11.4 
Prepaid deposits and other8.2 6.4 
Strategic investments6.9 7.2 
Restricted cash(2)
3.2 2.2 
Equity investments - fair value2.3 2.7 
Other non-current assets0.2 0.3 
  Total non-current assets$110.4 $89.3 
______________
(1)    Excludes accrued interest.
(2)    Restricted cash includes cash held in certain subsidiaries in jurisdictions outside of the U.S. such as China, which may be subject to transfer restrictions depending on jurisdictions.