v3.26.3
Leases (Tables)
9 Months Ended
Sep. 27, 2026
Leases [Abstract]  
Schedule of Lease Costs
The components of lease expense were as follows (in millions):
Three Months EndedNine Months Ended
Lease CostClassificationSeptember 27, 2026September 28, 2025September 27, 2026September 28, 2025
Finance lease cost:
Amortization of right-of-use assetsCost of goods sold$0.2 $0.2 $0.7 $0.5 
Amortization of right-of-use assetsSelling, general and administrative expenses9.4 8.8 27.3 25.5 
Interest on lease liabilitiesInterest and other non-operating expenses, net2.4 2.3 6.9 6.9 
Operating lease costCost of goods sold3.7 2.0 9.9 6.1 
Operating lease costSelling, general and administrative expenses30.6 27.0 86.8 79.1 
Short-term lease costCost of goods sold0.4 0.2 1.0 0.5 
Short-term lease costSelling, general and administrative expenses1.3 1.4 3.7 3.4 
Variable lease costSelling, general and administrative expenses0.4 0.5 1.0 1.3 
Sublease incomeSelling, general and administrative expenses(0.3)(0.3)(1.0)(0.8)
Total lease cost$48.1 $42.1 $136.3 $122.5 
Supplemental cash flow information related to leases was as follows (in millions):
Nine Months Ended
Other InformationSeptember 27, 2026September 28, 2025
Cash paid for amounts included in the measurements of lease liabilities:
Operating cash flows from finance leases$6.9 $6.9 
Operating cash flows from operating leases$96.1 $87.0 
Financing cash flows from finance leases$26.6 $24.1 
Right-of-use assets obtained in exchange for new lease liabilities:
Finance leases$28.9 $35.5 
Operating leases$92.8 $61.9 
The weighted-average lease terms and discount rates were as follows:
Lease Term and Discount RateSeptember 27, 2026September 28, 2025
Weighted-average remaining lease term:
Finance leases4.0 years4.4 years
Operating leases5.9 years5.8 years
Weighted-average discount rate:
Finance leases6.8 %6.7 %
Operating leases5.8 %5.6 %
Schedule of Future Lease Payments for Operating Leases
The aggregate future lease payments for operating and finance leases as of September 27, 2026 were as follows (in millions):
Maturity of Lease LiabilitiesOperating LeasesFinance Leases
Fiscal year:
2026 (remainder)$22.5 $11.1 
2027124.6 42.7 
2028107.6 39.0 
202989.1 30.8 
203068.9 19.6 
203151.4 9.0 
Thereafter117.4 2.1 
Total lease payments581.5 154.3 
Less: interest93.6 18.8 
Present value of lease liabilities$487.9 $135.5 
Schedule of Future Lease Payments for Finance Leases
The aggregate future lease payments for operating and finance leases as of September 27, 2026 were as follows (in millions):
Maturity of Lease LiabilitiesOperating LeasesFinance Leases
Fiscal year:
2026 (remainder)$22.5 $11.1 
2027124.6 42.7 
2028107.6 39.0 
202989.1 30.8 
203068.9 19.6 
203151.4 9.0 
Thereafter117.4 2.1 
Total lease payments581.5 154.3 
Less: interest93.6 18.8 
Present value of lease liabilities$487.9 $135.5