v3.26.1
Leases (Tables)
 6 Months Ended
Jul. 04, 2026
Leases [Abstract]  
Schedule of Right-of-Use Assets and Lease Obligations Operating lease assets and obligations included in the accompanying condensed consolidated balance sheets are shown below (in millions):
July 4,
2026		December 31, 2025
Right-of-use assets under operating leases:
Other long-term assets$732.2 $722.4 
Lease obligations under operating leases:
Accrued liabilities$172.5 $169.4 
Other long-term liabilities597.0 594.9 
$769.5 $764.3 
Schedule of Maturity of Lease Obligations
Maturities of lease obligations are shown below (in millions):
July 4, 2026
2026 (1)
$103.0 
2027187.7 
2028152.9 
2029112.4 
203089.5 
Thereafter230.2 
Total undiscounted cash flows875.7 
Less: Imputed interest(106.2)
Lease obligations under operating leases$769.5 
(1)     For the remaining six months.
Schedule of Cash Flow Information, Lease Expense, Weighted Average Lease Term and Discount Rate
Cash flow information related to operating leases is shown below (in millions):
Six Months Ended
July 4,
2026		June 28,
2025
Non-cash activity:
Right-of-use assets obtained in exchange for operating lease obligations$104.8 $69.6 
Operating cash flows:
Cash paid related to operating lease obligations$102.2 $96.9 
Lease expense included in the accompanying condensed consolidated statements of comprehensive income is shown below (in millions):
Three Months EndedSix Months Ended
July 4,
2026		June 28,
2025		July 4,
2026		June 28,
2025
Operating lease expense$51.5 $48.6 $100.7 $95.7 
Short-term lease expense6.3 5.3 12.4 10.5 
Variable lease expense2.6 1.6 5.4 3.3 
Total lease expense$60.4 $55.5 $118.5 $109.5 
The weighted average lease term and discount rate for operating leases are shown below:
July 4,
2026
Weighted average remaining lease termSix years
Weighted average discount rate4.0 %