Accounts receivables primarily consist of trade accounts receivables with maturities of one year or less and are presented net of reserves:


(In millions)	March 29, 2026		December 28, 2025
Accounts receivable	$	452.0	$	514.1
Allowance for contract rebates and discounts	(75.4)		(79.8)
Allowance for doubtful accounts	(16.7)		(17.3)
Total accounts receivable, net	$	359.9	$	417.0

Inventories are stated at the lower of cost (first-in, first-out) or net realizable value. Inventories consisted of the following:


(In millions)	March 29, 2026		December 28, 2025
Raw materials	$	193.2	$	189.9
Work-in-process (materials, labor and overhead)	112.7		107.7
Finished goods (materials, labor and overhead)	318.5		289.0
Total inventories	$	624.4	$	586.6

Inventories	$	611.5	$	577.6
Other assets (1)	12.9		9.0
Total inventories	$	624.4	$	586.6

(1) Other assets includes inventory expected to remain on hand beyond one year.


(In millions)	March 29, 2026		December 28, 2025
Income taxes and other tax receivables	$	65.2	$	79.8
Prepaid expenses	56.1		53.9
Cloud computing	35.1		27.5
Contract assets	30.8		34.7
Other receivables	30.8		40.2
Derivatives	14.3		13.7
Other	0.5		0.7
Total prepaid expenses and other current assets	$	232.8	$	250.5


(In millions)	March 29, 2026		December 28, 2025
Accrued commissions, rebates and returns	$	60.9	$	70.8
Contract termination cost	50.0		25.0
Deferred revenue	33.4		37.8
Operating lease liabilities	31.3		29.3
Derivatives	28.1		32.1
Accrued other taxes payable	26.6		26.3
Accrued interest	16.7		48.1

Professional services	12.1		25.8
Other	83.5		81.4
Total other current liabilities	$	342.6	$	376.6