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Property and Equipment, net (Tables)
9 Months Ended
Sep. 27, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment, Net
Property and equipment are stated at cost. Depreciation is calculated using the straight-line method over estimated useful lives as follows:
Useful Lives
Buildings and building improvements
7 to 39 years
Computer equipment and software
2 to 12 years
Demonstration units
2 to 3 years
Furniture and office equipment
2 to 15 years
Leasehold improvementsLesser of useful life or term of lease
Machinery, equipment, tooling and other
3 to 20 years
Operating lease assetsLesser of useful life or term of lease
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