COMMITMENTS AND CONTINGENCIES

3 Months Ended

Mar. 28, 2025

Commitments and Contingencies Disclosure [Abstract]

NOTE 9. COMMITMENTS AND CONTINGENCIES

For a description of our litigation and contingencies and additional information about our leases, refer to Note 13 and Note 8, respectively, in our 2024 Annual Report on Form 10-K.

Warranty

We generally accrue estimated warranty costs at the time of sale. In general, manufactured products are warranted against defects in material and workmanship when properly used for their intended purpose, installed correctly, and appropriately maintained. Warranty period terms depend on the nature of the product and range from 90 days up to the life of the product. The amount of the accrued warranty liability is determined based on historical information such as past experience, product failure rates or number of units repaired, estimated cost of material and labor, and, in certain instances, estimated property damage. The accrued warranty liability is reviewed on a quarterly basis and may be adjusted as additional information regarding expected warranty costs becomes known. During the three-month periods ended March 28, 2025 and March 29, 2024, warranty related activity was immaterial.

Leases

Operating lease costs for each period are presented as follows ($ in millions):


	Three Months Ended
		March 28, 2025		March 29, 2024
Operating lease costs		$	12.6	$	12.6

Supplemental balance sheet and cash flow information related to operating leases for each period is presented as follows ($ in millions):


	As of
	March 28, 2025		December 31, 2024
Right-of-use (“ROU”) assets (a)	$	160.9	$	164.2
Operating lease liabilities (b)	166.5		169.6

(a) ROU assets are recorded in the Consolidated Condensed Balance Sheets within Other assets.
(b) Operating lease liabilities are recorded in the Consolidated Condensed Balance Sheets within Accrued expenses and other current liabilities, and Other long-term liabilities.


	Three Months Ended
	March 28, 2025		March 29, 2024
Cash paid for operating leases	$	11.7	$	12.1
ROU assets obtained in exchange for operating lease obligations	1.1		3.9