v3.25.2
LEASES (Tables)
 6 Months Ended
Jun. 28, 2025
Leases [Abstract]  
Schedule of Balance Sheet Location of Lease Assets and Liabilities
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 
Schedule of Lease Expense
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.
Schedule of Finance Lease Maturity
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 
Schedule of Operating Lease Liability Maturity
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 
Schedule of Weighted Average Lease Terms and Discount Rates
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 %
Schedule of Lease Cash Flow Classifications
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