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Property and Equipment, net
 9 Months Ended
Sep. 27, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, net
8. Property and Equipment, net
Property and equipment, net, consists of the following:
(in millions)September 27,
2025		December 28,
2024
Operating lease assets$187.6 $148.6 
Machinery, equipment, tooling and other147.3 147.1 
Building and building improvements143.5 143.5 
Land47.7 47.7 
Computer equipment and software41.7 38.7 
Leasehold improvements32.2 31.2 
Furniture and office equipment16.2 15.8 
Demonstration units0.5 0.5 
Construction-in-progress (CIP)30.7 29.0 
     Total property and equipment647.4 602.1 
Accumulated depreciation(302.1)(265.1)
     Property and equipment, net$345.3 $337.0 
In October 2024, the Company grounded the corporate aircraft and started exploring disposition strategies. In December 2024, the Company entered into a letter of intent to sell the aircraft, and classified the asset as held-for-sale within the healthcare segment as of December 28, 2024. During the first quarter 2025, the Company completed the sale of the corporate aircraft for $19.5 million.
For the three months ended September 27, 2025 and September 28, 2024, depreciation expense of property and equipment was $6.2 million and $7.6 million, respectively. For the nine months ended September 27, 2025 and September 28, 2024, depreciation expense of property and equipment was $19.1 million and $23.0 million, respectively.
For the three months ended September 27, 2025 and September 28, 2024, equipment leased to customers which was amortized to cost of goods sold was $7.2 million and $5.5 million, respectively. For the nine months ended September 27, 2025 and September 28, 2024, equipment leased to customers which was amortized to cost of goods sold was $20.0 million and $17.8 million, respectively.
As of September 27, 2025 and December 28, 2024, accumulated amortization of equipment leased to customers was $66.2 million and $46.2 million, respectively.
The balance in CIP at September 27, 2025 and December 28, 2024 related primarily to the capitalized implementation costs related to a new enterprise resource planning software system, costs related to facility improvements and the underlying assets for which have not been completed or placed into service.