| Balance Sheet Account Details Cash, Cash Equivalents and Restricted Cash | | | | | | | | | | | | | (In millions) | March 30, 2025 | | December 29, 2024 | | Cash and cash equivalents | $ | 127.1 | | | $ | 98.3 | | | Restricted cash included in Other assets | 0.1 | | | 0.2 | | | Cash, cash equivalents and restricted cash | $ | 127.2 | | | $ | 98.5 | |
Accounts Receivable, Net Accounts receivables primarily consist of trade accounts receivables with maturities of one year or less and are presented net of reserves: | | | | | | | | | | | | | (In millions) | March 30, 2025 | | December 29, 2024 | | Accounts receivable | $ | 383.7 | | | $ | 382.0 | | | Allowance for contract rebates and discounts | (83.0) | | | (85.3) | | | Allowance for doubtful accounts | (14.7) | | | (14.3) | | | Total accounts receivable, net | $ | 286.0 | | | $ | 282.4 | |
Inventories Inventories are stated at the lower of cost (first-in, first-out) or net realizable value. Inventories consisted of the following: | | | | | | | | | | | | | (In millions) | March 30, 2025 | | December 29, 2024 | | Raw materials | $ | 219.5 | | | $ | 211.8 | | | Work-in-process (materials, labor and overhead) | 92.3 | | | 90.6 | | | Finished goods (materials, labor and overhead) | 312.3 | | | 291.6 | | | Total inventories | $ | 624.1 | | | $ | 594.0 | | | | | | | Inventories | $ | 563.2 | | | $ | 533.7 | | Other assets (1) | 60.9 | | | 60.3 | | | Total inventories | $ | 624.1 | | | $ | 594.0 | |
(1) Other assets includes inventory expected to remain on hand beyond one year. Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following: | | | | | | | | | | | | | (In millions) | March 30, 2025 | | December 29, 2024 | | Income taxes and other tax receivables | $ | 100.3 | | | $ | 112.1 | | | Prepaid expenses | 76.3 | | | 77.3 | | | Contract assets | 32.9 | | | 32.5 | | | Other receivables | 17.8 | | | 24.3 | | | Derivatives | 11.2 | | | 15.1 | | | Other | 1.3 | | | 1.1 | | | Total prepaid expenses and other current assets | $ | 239.8 | | | $ | 262.4 | |
Goodwill Changes in goodwill were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In millions) | North America | | EMEA | | China | | Other | | Total | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at December 29, 2024 | $ | — | | | $ | 566.0 | | | $ | 66.6 | | | $ | 16.9 | | | $ | 649.5 | | | | | | | | | | | | | | | | | | | | | | | Foreign currency translation | — | | | 20.6 | | | 0.3 | | | 0.5 | | | 21.4 | | | Balance at March 30, 2025 | $ | — | | | $ | 586.6 | | | $ | 66.9 | | | $ | 17.4 | | | $ | 670.9 | |
The gross goodwill balance was $2,493.5 million and $2,472.1 million as of March 30, 2025 and December 29, 2024, respectively. Accumulated goodwill impairment losses were $1,822.6 million as of March 30, 2025 and December 29, 2024. Other Current Liabilities Other current liabilities consisted of the following: | | | | | | | | | | | | | (In millions) | March 30, 2025 | | December 29, 2024 | | Accrued commissions, rebates and returns | $ | 72.6 | | | $ | 67.4 | | | Deferred revenue | 34.4 | | | 33.5 | | | Operating lease liabilities | 31.2 | | | 31.1 | | | Professional services | 22.6 | | | 21.4 | | | Accrued other taxes payable | 21.6 | | | 20.9 | | | Accrued interest | 13.5 | | | 39.0 | | | Derivatives | 6.8 | | | 4.0 | | | | | | | | | | | Other | 78.7 | | | 71.4 | | | Total other current liabilities | $ | 281.4 | | | $ | 288.7 | |
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