The components of lease expense were as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | Lease Cost | | Classification | | June 29, 2025 | | June 30, 2024 | | June 29, 2025 | | June 30, 2024 | | Finance lease cost: | | | | | | | | | | | | Amortization of right-of-use assets | | Cost of goods sold | | $ | 0.1 | | | $ | — | | | $ | 0.3 | | | $ | — | | | Amortization of right-of-use assets | | Selling, general and administrative expenses | | 8.6 | | | 7.1 | | | 16.7 | | | 13.3 | | | Interest on lease liabilities | | Interest and other non-operating expenses, net | | 2.4 | | | 1.6 | | | 4.6 | | | 3.0 | | | Operating lease cost | | Cost of goods sold | | 2.1 | | | 2.1 | | | 4.1 | | | 4.1 | | | Operating lease cost | | Selling, general and administrative expenses | | 27.0 | | | 24.1 | | | 52.1 | | | 48.4 | | | Short-term lease cost | | Cost of goods sold | | 0.2 | | | — | | | 0.3 | | | — | | | Short-term lease cost | | Selling, general and administrative expenses | | 0.7 | | | 1.2 | | | 2.0 | | | 2.1 | | | | | | | | | | | | | | Variable lease cost | | Selling, general and administrative expenses | | 0.3 | | | 0.7 | | | 0.8 | | | 1.6 | | | Sublease income | | Selling, general and administrative expenses | | (0.3) | | | (0.3) | | | (0.5) | | | (0.5) | | | Total lease cost | | | | $ | 41.1 | | | $ | 36.5 | | | $ | 80.4 | | | $ | 72.0 | |
Supplemental cash flow information related to leases was as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | Other Information | | June 29, 2025 | | June 30, 2024 | | June 29, 2025 | | June 30, 2024 | | Cash paid for amounts included in the measurements of lease liabilities: | | | | | | | | | | Operating cash flows from finance leases | | $ | 2.4 | | | $ | 1.6 | | | $ | 4.6 | | | $ | 3.0 | | | Operating cash flows from operating leases | | $ | 29.4 | | | $ | 26.2 | | | $ | 58.2 | | | $ | 53.6 | | | Financing cash flows from finance leases | | $ | 8.1 | | | $ | 6.5 | | | $ | 15.8 | | | $ | 12.3 | | | Right-of-use assets obtained in exchange for new lease liabilities: | | | | | | | | | | Finance leases | | $ | 14.6 | | | $ | 16.5 | | | $ | 26.1 | | | $ | 32.3 | | | Operating leases | | $ | 28.8 | | | $ | 37.5 | | | $ | 44.1 | | | $ | 50.1 | |
The weighted-average lease terms and discount rates were as follows: | | | | | | | | | | | | | | | | Lease Term and Discount Rate | | June 29, 2025 | | June 30, 2024 | | Weighted-average remaining lease term: | | | | | | Finance leases | | 4.5 years | | 4.6 years | | Operating leases | | 5.9 years | | 6.2 years | | Weighted-average discount rate: | | | | | | Finance leases | | 6.7 | % | | 6.4 | % | | Operating leases | | 5.5 | % | | 5.3 | % |
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