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Lease Receivable (Tables)
9 Months Ended
Sep. 28, 2024
Leases [Abstract]  
Schedule of Sale-Type Lease Receivable
Lease receivable from sales-type leases consists of the following:
(in millions)September 28,
2024
December 30,
2023
Lease receivable$90.5 $101.9 
Allowance for credit loss(0.3)(0.3)
     Lease receivable, net90.2 101.6 
Less: current portion of lease receivable(26.0)(30.2)
     Lease receivable, non-current$64.2 $71.4 
Schedule of Sales-type Lease, Lease Receivable, Maturity
As of September 28, 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)$7.6 $3.3 
202526.0 12.5 
202621.2 11.7 
202715.5 9.9 
20289.6 7.1 
Thereafter10.3 11.6 
     Total$90.2 $56.1 
Less: imputed interest(1)
— 
     Present value of total lease payments$90.2 
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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.