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


(In millions)	June 28, 2026		December 28, 2025
Accounts receivable	$	440.1	$	514.1
Allowance for contract rebates and discounts	(72.9)		(79.8)
Allowance for doubtful accounts	(15.2)		(17.3)
Total accounts receivable, net	$	352.0	$	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)	June 28, 2026		December 28, 2025
Raw materials	$	187.6	$	189.9
Work-in-process (materials, labor and overhead)	118.8		107.7
Finished goods (materials, labor and overhead)	325.8		289.0
Total inventories	$	632.2	$	586.6

Inventories	$	618.9	$	577.6
Other assets (1)	13.3		9.0
Total inventories	$	632.2	$	586.6

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


(In millions)	June 28, 2026		December 28, 2025
Prepaid expenses	$	72.0	$	53.9
Income taxes and other tax receivables	61.0		79.8
Cloud computing	32.9		27.5
Other receivables	30.2		40.2
Derivatives	27.9		13.7
Contract assets	25.4		34.7
Other	0.5		0.7
Total prepaid expenses and other current assets	$	249.9	$	250.5


(In millions)	June 28, 2026		December 28, 2025
Accrued commissions, rebates and returns	$	47.9	$	70.8
Derivatives	37.8		32.1
Deferred revenue	35.4		37.8
Operating lease liabilities	31.8		29.3
Contract termination cost	25.0		25.0
Accrued other taxes payable	21.9		26.3
Accrued interest	17.6		48.1

Professional services	9.6		25.8
Other	83.4		81.4
Total other current liabilities	$	310.4	$	376.6