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 improvements			Lesser of useful life or term of lease
Machinery, equipment, tooling and other			3 to 20 years
Operating lease assets			Lesser of useful life or term of lease


(in millions)	April 4, 2026		January 3, 2026
Operating lease assets	$	214.7	$	204.1
Machinery, equipment, tooling and other	152.1		150.6
Building and building improvements	151.8		151.8
Land	47.7		47.7
Computer equipment and software	41.6		41.3
Leasehold improvements	34.6		34.3

Furniture and office equipment	16.2		16.5
Demonstration units	0.5		0.5

Construction-in-progress (CIP)	26.7		24.5
Total property and equipment	685.9		671.3
Accumulated depreciation	(330.3)		(316.2)
Property and equipment, net	$	355.6	$	355.1