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LONG-TERM INCENTIVE EMPLOYEE COMPENSATION
6 Months Ended
Jul. 04, 2026
Share-Based Payment Arrangement [Abstract]  
LONG-TERM INCENTIVE EMPLOYEE COMPENSATION
LONG-TERM INCENTIVE EMPLOYEE COMPENSATION
Our long-term incentive plan (LTIP) costs are primarily recorded within general and administrative expenses in our Consolidated Condensed Statements of Operations. The following table summarizes our LTIP costs.
Three Months Ended
Six Months Ended
July 4,
2026
June 28,
2025
July 4,
2026
June 28,
2025
Equity-based awards$11.1 $9.1 $20.1 $17.2 
Liability-based awards1.3 0.8 3.3 1.5 
Total share-based compensation expense$12.4 $9.9 $23.4 $18.7 
As of July 4, 2026, there was $73.6 of total unrecognized compensation cost related to non-vested equity awards. This cost is expected to be recognized ratably over a weighted-average period of 2.0 years. Additionally, unrecognized compensation cost related to liability-based awards was $7.0, which is expected to be recognized ratably over a weighted-average period of 1.9 years.
Year-to-Date 2026 LTIP Activity (Equity-based Awards)
The majority of our LTIP awards are granted during the first quarter of each year and have three-year service periods. The majority of these awards either vest equally each year or at the completion of the three-year service period. During the six months ended July 4, 2026, we granted the following LTIP awards as provided in the table below:
# of Awards GrantedWeighted Average Grant Date Fair Value Per Share
Restricted stock units (RSUs)(a)
0.2$197.57 
Performance stock units (PSUs)0.1$219.28 
(a)Includes the CEO Retention Plan grant awarded on March 4, 2026 with a grant date fair value of $7.0.
During the six months ended July 4, 2026 and June 28, 2025, a nominal amount of non-qualified stock options were exercised resulting in proceeds of $0.1 and $0.6, respectively. During the six months ended July 4, 2026 and June 28, 2025, RSUs of 0.1 and 0.1, respectively, vested and were issued. During the six months ended July 4, 2026 and June 28, 2025, PSUs of 0.1 and 0.1 that vested on December 31, 2025 and 2024, respectively, were issued.