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Lease Receivable (Tables)
3 Months Ended
Mar. 29, 2025
Leases [Abstract]  
Schedule of Sale-Type Lease Receivable
Lease receivable from sales-type leases consists of the following:
(in millions)March 29,
2025
December 28,
2024
Lease receivable$86.1 $85.5 
Allowance for credit loss(0.1)(0.2)
     Lease receivable, net86.0 85.3 
Less: current portion of lease receivable(26.7)(26.6)
     Lease receivable, non-current$59.3 $58.7 
Schedule of Sales-type Lease, Lease Receivable, Maturity
As of March 29, 2025, 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
2025 (balance of year)$20.6 $11.6 
202622.8 14.5 
202717.3 13.0 
202811.6 10.2 
20298.4 10.0 
Thereafter5.3 7.5 
     Total$86.0 $66.8 
Less: imputed interest(1)
— 
     Present value of total lease payments$86.0 
______________
(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.