Property and Equipment, net (Tables)

6 Months Ended

Jun. 29, 2024

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

Property and equipment are stated at cost. Depreciation is calculated using the straight-line method over estimated useful lives as follows:


			Useful Lives


Buildings and building improvements			7 to 39 years
Computer equipment and software			2 to 12 years
Demonstration units			2 to 3 years
Furniture and office equipment			2 to 15 years
Leasehold improvements			Lesser of useful life or term of lease
Machinery, equipment and tooling			3 to 20 years
Operating lease assets			Lesser of useful life or term of lease
Transportation, vehicles and other			1 to 20 years

Property and equipment, net, consists of the following:


(in millions)	June 29, 2024		December 30, 2023
Machinery, equipment and tooling	$	178.6	$	169.7
Building and building improvements	150.1		151.0
Operating lease assets	120.2		92.2
Land(1)	54.2		66.2
Computer equipment and software	45.4		45.5
Leasehold improvements	40.3		37.5

Transportation, vehicles and other	33.0		34.0
Furniture and office equipment	18.9		20.4
Demonstration units	11.8		11.1
Construction-in-progress (CIP)	55.6		59.2
Total property and equipment	708.1		686.8
Accumulated depreciation	(294.2)		(262.4)
Property and equipment, net(1)	$	413.9	$	424.4

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(1) At March 30, 2024, property, plant and equipment, net, excluded $11.4 million of idle undeveloped land held outside of the U,S. which was classified as held for sale within the healthcare segment. In May 2024, the Company completed the sale of the land, resulting in a gain of $0.9 million, which was recorded net of transaction costs, foreign currency translation and cumulative translation adjustments to non-operating income (loss).