v3.25.2
LEASES
 6 Months Ended
Jun. 28, 2025
Leases [Abstract]  
LEASES LEASES
The balance sheet locations of our lease assets and liabilities were as follows (in millions):
AssetsBalance Sheet LocationJune 28, 2025December 31, 2024
OperatingOperating lease assets$172.8 $175.2 
FinanceOther non-current assets11.0 11.7 
Total$183.8 $186.9 
LiabilitiesBalance Sheet LocationJune 28, 2025December 31, 2024
Current
OperatingOther accrued liabilities$28.9 $27.8 
FinanceCurrent indebtedness1.6 1.5 
Non-Current
OperatingOther non-current liabilities152.3 153.8 
FinanceLong-term debt, less current portion11.3 12.0 
Total$194.1 $195.1 
    
The below tables show our lease assets and liabilities by reporting segment (in millions):
Assets
OperatingFinancing
June 28, 2025December 31, 2024June 28, 2025December 31, 2024
CSCA$91.3 $90.5 $10.8 $11.5 
CSCI31.8 31.0 — — 
Unallocated49.7 53.7 0.2 0.2 
Total$172.8 $175.2 $11.0 $11.7 
Liabilities
OperatingFinancing
June 28, 2025December 31, 2024June 28, 2025December 31, 2024
CSCA$95.4 $94.1 $12.5 $13.1 
CSCI37.2 36.7 0.1 0.2 
Unallocated48.6 50.8 0.3 0.2 
Total$181.2 $181.6 $12.9 $13.5 

Expenses related to leases were as follows (in millions):
Three Months EndedSix Months Ended
June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Operating leases(1)
$12.2 $12.6 $23.9 $24.2 
Finance leases
Amortization$0.6 $0.5 $1.2 $1.1 
Interest0.1 0.1 0.2 0.3 
Total finance leases$0.7 $0.6 $1.4 $1.4 
(1) Includes short-term leases and variable lease costs, which are immaterial.
    
The annual future maturities of our leases as of June 28, 2025 are as follows (in millions):
Operating LeasesFinance LeasesTotal
2025$17.7 $1.2 $18.9 
202633.2 1.6 34.8 
202730.1 1.6 31.7 
202822.2 1.6 23.8 
202918.2 1.6 19.8 
After 202990.0 7.4 97.4 
Total lease payments$211.4 $15.0 $226.4 
Less: Interest30.2 2.1 32.3 
Present value of lease liabilities$181.2 $12.9 $194.1 
Our weighted average lease terms and discount rates are as follows:
June 28, 2025June 29, 2024
Weighted-average remaining lease term (in years)
Operating leases9.019.76
Finance leases8.529.28
Weighted-average discount rate
Operating leases4.0 %3.6 %
Finance leases3.5 %3.5 %

Our lease cash flow classifications are as follows (in millions):
Six Months Ended
June 28, 2025June 29, 2024
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases$18.6 $17.1 
Operating cash flows for finance leases$0.2 $0.3 
Financing cash flows for finance leases$1.2 $1.0 
Leased assets obtained (used) in exchange for new finance lease liabilities$— $0.4 
Leased assets obtained (used) in exchange for new operating lease liabilities$1.3 $25.2 
LEASES LEASES
The balance sheet locations of our lease assets and liabilities were as follows (in millions):
AssetsBalance Sheet LocationJune 28, 2025December 31, 2024
OperatingOperating lease assets$172.8 $175.2 
FinanceOther non-current assets11.0 11.7 
Total$183.8 $186.9 
LiabilitiesBalance Sheet LocationJune 28, 2025December 31, 2024
Current
OperatingOther accrued liabilities$28.9 $27.8 
FinanceCurrent indebtedness1.6 1.5 
Non-Current
OperatingOther non-current liabilities152.3 153.8 
FinanceLong-term debt, less current portion11.3 12.0 
Total$194.1 $195.1 
    
The below tables show our lease assets and liabilities by reporting segment (in millions):
Assets
OperatingFinancing
June 28, 2025December 31, 2024June 28, 2025December 31, 2024
CSCA$91.3 $90.5 $10.8 $11.5 
CSCI31.8 31.0 — — 
Unallocated49.7 53.7 0.2 0.2 
Total$172.8 $175.2 $11.0 $11.7 
Liabilities
OperatingFinancing
June 28, 2025December 31, 2024June 28, 2025December 31, 2024
CSCA$95.4 $94.1 $12.5 $13.1 
CSCI37.2 36.7 0.1 0.2 
Unallocated48.6 50.8 0.3 0.2 
Total$181.2 $181.6 $12.9 $13.5 

Expenses related to leases were as follows (in millions):
Three Months EndedSix Months Ended
June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Operating leases(1)
$12.2 $12.6 $23.9 $24.2 
Finance leases
Amortization$0.6 $0.5 $1.2 $1.1 
Interest0.1 0.1 0.2 0.3 
Total finance leases$0.7 $0.6 $1.4 $1.4 
(1) Includes short-term leases and variable lease costs, which are immaterial.
    
The annual future maturities of our leases as of June 28, 2025 are as follows (in millions):
Operating LeasesFinance LeasesTotal
2025$17.7 $1.2 $18.9 
202633.2 1.6 34.8 
202730.1 1.6 31.7 
202822.2 1.6 23.8 
202918.2 1.6 19.8 
After 202990.0 7.4 97.4 
Total lease payments$211.4 $15.0 $226.4 
Less: Interest30.2 2.1 32.3 
Present value of lease liabilities$181.2 $12.9 $194.1 
Our weighted average lease terms and discount rates are as follows:
June 28, 2025June 29, 2024
Weighted-average remaining lease term (in years)
Operating leases9.019.76
Finance leases8.529.28
Weighted-average discount rate
Operating leases4.0 %3.6 %
Finance leases3.5 %3.5 %

Our lease cash flow classifications are as follows (in millions):
Six Months Ended
June 28, 2025June 29, 2024
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases$18.6 $17.1 
Operating cash flows for finance leases$0.2 $0.3 
Financing cash flows for finance leases$1.2 $1.0 
Leased assets obtained (used) in exchange for new finance lease liabilities$— $0.4 
Leased assets obtained (used) in exchange for new operating lease liabilities$1.3 $25.2