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Leases (Tables)

12 Months Ended

Dec. 30, 2023

Leases [Abstract]

Schedule of Lease Cost

Total lease costs for 2023, 2022 and 2021 consist of the following:

(Amounts in millions)						2023						2022						2021
Finance lease costs:
Amortization of ROU assets						$	1.5					$	1.5					$	1.7
Interest on lease liabilities						0.1						0.2						0.3
Operating lease costs*						27.4						24.3						25.4
Total lease costs						$	29.0					$	26.0					$	27.4

* Includes short-term leases, variable lease costs and sublease income, which are immaterial.

Supplemental cash flow information related to leases in 2023, 2022 and 2021 is as follows:

(Amounts in millions)						2023						2022						2021
Cash paid for amounts included in the measurement of lease liabilities:
Financing cash flows from finance leases						$	2.0					$	2.4					$	3.1
Operating cash flows from finance leases						0.1						0.2						0.3
Operating cash flows from operating leases						24.7						22.2						23.5
ROU assets obtained in exchange for new lease obligations:
Finance lease liabilities						$	0.8					$	0.2					$	0.3
Operating lease liabilities						36.0						33.5						23.4

Schedule of Lease Supplemental Balance Sheet Information and Weighted-Average Lease Terms and Discount Rates

Supplemental balance sheet information related to leases in 2023 and 2022 is as follows:

(Amounts in millions)												2023						2022
Finance leases:
Property and equipment – gross												$	19.1					$	19.4
Accumulated depreciation and amortization												(16.8)						(16.4)
Property and equipment – net												$	2.3					$	3.0
Other accrued liabilities												$	1.6					$	2.0
Other long-term liabilities												1.1						1.9
Total finance lease liabilities												$	2.7					$	3.9
Operating leases:
Operating lease right-of-use assets												$	74.7					$	61.5
Other accrued liabilities												$	23.8					$	19.4
Operating lease liabilities												54.6						44.7
Total operating lease liabilities												$	78.4					$	64.1

Weighted-average lease terms and discount rates in 2023 and 2022 are as follows:

						2023						2022						2021
Weighted-average remaining lease terms:
Finance leases						2.5 years						2.1 years						2.9 years
Operating leases						3.8 years						4.0 years						3.3 years
Weighted-average discount rates:
Finance leases						4.1%						3.1%						3.1%
Operating leases						4.0%						2.9%						1.9%

Schedule of Operating Lease Liability Maturities

Maturities of lease liabilities as of December 30, 2023, are as follows:

(Amounts in millions)						Operating Leases						Finance Leases
Year:
2024						$	26.3					$	1.7
2025						20.6						0.5
2026						15.9						0.3
2027						11.5						0.2
2028						6.8						0.1
2029 and thereafter						3.7						—
Total lease payments						84.8						2.8
Less: amount representing interest						(6.4)						(0.1)
Total lease liabilities						$	78.4					$	2.7

Schedule of Finance Lease Liability Maturities

Maturities of lease liabilities as of December 30, 2023, are as follows:

(Amounts in millions)						Operating Leases						Finance Leases
Year:
2024						$	26.3					$	1.7
2025						20.6						0.5
2026						15.9						0.3
2027						11.5						0.2
2028						6.8						0.1
2029 and thereafter						3.7						—
Total lease payments						84.8						2.8
Less: amount representing interest						(6.4)						(0.1)
Total lease liabilities						$	78.4					$	2.7

Schedule of Sales-type Lease Receivables Maturities

Future minimum lease payments as of December 30, 2023 are as follows:

(Amounts in millions)						Lease Receivables
Year:
2024						$	97.3
2025						83.0
2026						65.2
2027						46.8
2028						30.1
2029 and thereafter						21.9
Total lease payments						344.3
Less: unearned finance charges						(62.4)
Net investment in leases						$	281.9

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Assets And Liabilities, Lessee

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Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

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Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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Tabular disclosure of maturity of undiscounted cash flows to be received on annual basis for sales-type and direct financing leases receivable. Includes, but is not limited to, reconciliation to lease receivable recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479773/842-30-50-10

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