v3.26.1
LEASES
 6 Months Ended
Jun. 27, 2026
Leases [Abstract]  
LEASES LEASES
The balance sheet locations of our lease assets and liabilities were as follows (in millions):
AssetsBalance Sheet LocationJune 27, 2026December 31, 2025
OperatingOperating lease assets$156.0 $167.8 
FinanceOther non-current assets10.1 11.5 
Total$166.2 $179.3 
LiabilitiesBalance Sheet LocationJune 27, 2026December 31, 2025
Current
OperatingOther accrued liabilities$25.4 $25.7 
FinanceCurrent indebtedness1.5 1.8 
Non-Current
OperatingOther non-current liabilities138.5 151.5 
FinanceLong-term debt, less current portion10.5 11.5 
Total$176.0 $190.5 
    
Expenses related to leases were as follows (in millions):
Three Months EndedSix Months Ended
June 27, 2026June 28, 2025June 27, 2026June 28, 2025
Operating leases(1)
$13.0 $12.2 $23.2 $23.9 
Finance leases
Amortization$0.5 $0.6 $1.0 $1.2 
Interest0.1 0.1 0.2 0.2 
Total finance leases$0.6 $0.7 $1.2 $1.4 
(1) Includes short-term leases and variable lease costs, which are immaterial.
    
The annual future maturities of our leases as of June 27, 2026 are as follows (in millions):
Operating LeasesFinance LeasesTotal
2026$15.9 $1.0 $16.9 
202730.6 1.8 32.4 
202824.9 1.8 26.7 
202921.0 1.7 22.7 
203015.8 1.6 17.4 
After 2030
83.4 5.8 89.2 
Total lease payments$191.6 $13.8 $205.4 
Less: Interest27.7 1.7 29.4 
Present value of lease liabilities$163.9 $12.1 $176.0 
Our weighted average lease terms and discount rates are as follows:
June 27, 2026June 28, 2025
Weighted-average remaining lease term (in years)
Operating leases8.819.01
Finance leases7.598.52
Weighted-average discount rate
Operating leases4.0 %4.0 %
Finance leases3.5 %3.5 %

Our lease cash flow classifications are as follows (in millions):
Six Months Ended
June 27, 2026June 28, 2025
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases$17.0 $18.6 
Operating cash flows for finance leases$0.2 $0.2 
Financing cash flows for finance leases$0.9 $1.2 
Leased assets used in exchange for new finance lease liabilities$(0.3)$— 
Leased assets obtained in exchange for new operating lease liabilities$4.2 $1.3 
LEASES LEASES
The balance sheet locations of our lease assets and liabilities were as follows (in millions):
AssetsBalance Sheet LocationJune 27, 2026December 31, 2025
OperatingOperating lease assets$156.0 $167.8 
FinanceOther non-current assets10.1 11.5 
Total$166.2 $179.3 
LiabilitiesBalance Sheet LocationJune 27, 2026December 31, 2025
Current
OperatingOther accrued liabilities$25.4 $25.7 
FinanceCurrent indebtedness1.5 1.8 
Non-Current
OperatingOther non-current liabilities138.5 151.5 
FinanceLong-term debt, less current portion10.5 11.5 
Total$176.0 $190.5 
    
Expenses related to leases were as follows (in millions):
Three Months EndedSix Months Ended
June 27, 2026June 28, 2025June 27, 2026June 28, 2025
Operating leases(1)
$13.0 $12.2 $23.2 $23.9 
Finance leases
Amortization$0.5 $0.6 $1.0 $1.2 
Interest0.1 0.1 0.2 0.2 
Total finance leases$0.6 $0.7 $1.2 $1.4 
(1) Includes short-term leases and variable lease costs, which are immaterial.
    
The annual future maturities of our leases as of June 27, 2026 are as follows (in millions):
Operating LeasesFinance LeasesTotal
2026$15.9 $1.0 $16.9 
202730.6 1.8 32.4 
202824.9 1.8 26.7 
202921.0 1.7 22.7 
203015.8 1.6 17.4 
After 2030
83.4 5.8 89.2 
Total lease payments$191.6 $13.8 $205.4 
Less: Interest27.7 1.7 29.4 
Present value of lease liabilities$163.9 $12.1 $176.0 
Our weighted average lease terms and discount rates are as follows:
June 27, 2026June 28, 2025
Weighted-average remaining lease term (in years)
Operating leases8.819.01
Finance leases7.598.52
Weighted-average discount rate
Operating leases4.0 %4.0 %
Finance leases3.5 %3.5 %

Our lease cash flow classifications are as follows (in millions):
Six Months Ended
June 27, 2026June 28, 2025
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases$17.0 $18.6 
Operating cash flows for finance leases$0.2 $0.2 
Financing cash flows for finance leases$0.9 $1.2 
Leased assets used in exchange for new finance lease liabilities$(0.3)$— 
Leased assets obtained in exchange for new operating lease liabilities$4.2 $1.3