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Other Current Assets
12 Months Ended
Jan. 03, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Current Assets
5. Other Current Assets
Other current assets consist of the following:
(in millions)January 3,
2026
December 28,
2024
Prepaid expenses$24.1 $19.7 
Lease receivable, current22.8 26.6 
Prepaid rebates and royalties, current(1)
21.8 4.6 
Indirect taxes receivable20.9 18.5 
Prepaid income taxes16.1 17.6 
Contract assets, current8.0 11.4 
Other current assets2.9 2.3 
Restricted cash(2)
— 2.7 
Total other current assets
$116.6 $103.4 
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(1)     Prepaid rebates and royalties, current includes $17.0 million of royalty related to Willow. See Note 3, “Related Party Transactions” for further details.
(2)     Restricted cash includes funds received from the Bill and Melinda Gates Foundation (BMGF). 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. As of January 3, 2026, the Company ceased research and development related to this project, and returned any unused funds to the BMGF.