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Intangible Assets, net (Tables)

6 Months Ended

Jun. 29, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

Intangible assets, net, consist of the following:


			June 29, 2024																		December 30, 2023
(in millions)			Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount
Intangible assets subject to amortization:
Customer relationships			$	177.5					$	(15.3)					$	162.2					$	209.2					$	(31.5)					$	177.7
Acquired technologies			131.0						(19.0)						112.0						174.7						(45.3)						129.4
Capitalized software development costs			50.6						(6.7)						43.9						53.9						(15.2)						38.7
Licenses			35.9						(5.4)						30.5						39.7						(7.4)						32.3
Patents			42.1						(16.4)						25.7						39.2						(15.2)						24.0
Trademarks			19.0						(7.0)						12.0						20.1						(7.4)						12.7
Non-compete agreements			3.4						(0.4)						3.0						6.3						(2.6)						3.7
Licenses-related party			7.5						(6.9)						0.6						7.5						(6.7)						0.8
Other			1.7						(1.1)						0.6						1.7						(1.1)						0.6
Total intangible assets subject to amortization, net			$	468.7					$	(78.2)					$	390.5					$	552.3					$	(132.4)					$	419.9
Intangible assets not subject to amortization:
Trademarks															$	215.6																	$	242.4
Impairment charge															—																		(10.0)
Total trademarks															215.6																		232.4
Intangible assets, net															$	606.1																	$	652.3

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated amortization expense for each of the next fiscal years is as follows:


Fiscal year			Amount (in millions)
2024 (balance of year)			$	26.8
2025			52.1
2026			47.6
2027			39.8
2028			39.5
Thereafter			184.7
Total			$	390.5