v3.25.2
Other Current Assets (Tables)
6 Months Ended
Jun. 28, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Other Current Assets
Other current assets consist of the following:
(in millions)June 28,
2025
December 28,
2024
Prepaid expenses$27.1 $19.7 
Lease receivable, current25.2 26.6 
Indirect taxes receivable19.0 18.5 
Prepaid income taxes18.1 17.6 
Contract assets, current12.9 11.4 
Prepaid rebates and royalties, current4.9 4.6 
Restricted cash(1)
2.7 2.7 
Other current assets2.6 2.3 
     Total other current assets$112.5 $103.4 
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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)June 28,
2025
December 28,
2024
Lessee ROU assets, net$26.5 $29.2 
Strategic investments6.0 6.6 
Prepaid deposits and other5.3 6.8 
Derivative assets - non-current(1)
2.7 6.2 
Equity investments - fair value2.0 2.0 
Other non-current assets0.5 0.5 
  Total non-current assets$43.0 $51.3 
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(1)    Excludes accrued interest.