v3.26.1
LEASES (Tables)
 6 Months Ended
Jun. 27, 2026
Leases [Abstract]  
Schedule of Balance Sheet Location of Lease Assets and Liabilities and Lease Assets and Liabilities by Reporting Segment
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 
Schedule of Lease Expense
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.
Schedule of Operating Lease Liability Maturity
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 
Schedule of Finance Lease Maturity
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 
Schedule of Weighted Average Lease Terms and Discount Rates
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 %
Schedule of Lease Cash Flow Classifications
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