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Lease Receivable (Tables)
6 Months Ended
Jun. 29, 2024
Leases [Abstract]  
Schedule of Sale-Type Lease Receivable
Lease receivable from sales-type leases consists of the following:
(in millions)June 29,
2024
December 30,
2023
Lease receivable$95.4 $101.9 
Allowance for credit loss(0.3)(0.3)
     Lease receivable, net95.1 101.6 
Less: current portion of lease receivable(28.6)(30.2)
     Lease receivable, non-current$66.5 $71.4 
Schedule of Sales-type Lease, Lease Receivable, Maturity
As of June 29, 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)$15.2 $6.1 
202526.0 11.4 
202620.5 10.6 
202714.7 8.9 
20288.9 6.2 
Thereafter9.8 9.9 
     Total$95.1 $53.1 
Less: imputed interest(1)
— 
     Present value of total lease payments$95.1 
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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.