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Other Non-Current Assets (Tables)

9 Months Ended

Sep. 28, 2024

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other current assets consist of the following:


(in millions)	September 28, 2024		December 30, 2023
Prepaid income taxes	$	62.1	$	29.3
Prepaid expenses	36.3		58.3
Indirect taxes receivable	33.9		28.6
Lease receivable, current	26.0		30.2
Contract assets, current	7.5		6.7
Other receivables	6.2		6.8
Prepaid rebates and royalties, current	4.8		4.8




Restricted cash(1)	2.8		3.0
Other current assets	0.9		0.7
Total other current assets	$	180.5	$	168.4

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(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)	September 28, 2024		December 30, 2023
Lessee ROU assets, net	$	83.1	$	59.1
Prepaid deposits and other	7.0		6.4
Strategic investments	6.8		7.2
Derivative assets - non-current(1)	3.8		11.4
Restricted cash(2)	2.4		2.2

Equity investments - fair value	2.6		2.7
Other non-current assets	0.1		0.3
Total non-current assets	$	105.8	$	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.