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Leases (Tables)

12 Months Ended

Dec. 28, 2024

Leases [Abstract]

Schedule of Lease Cost

Total lease costs for 2024, 2023 and 2022 consist of the following:

(Amounts in millions)						2024						2023						2022
Finance lease costs:
Amortization of ROU assets						$	1.4					$	1.5					$	1.5
Interest on lease liabilities						0.1						0.1						0.2
Operating lease costs*						32.2						27.4						24.3
Total lease costs						$	33.7					$	29.0					$	26.0

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

Supplemental cash flow information related to leases in 2024, 2023 and 2022 is as follows:

(Amounts in millions)						2024						2023						2022
Cash paid for amounts included in the measurement of lease liabilities:
Financing cash flows from finance leases						$	1.7					$	2.0					$	2.4
Operating cash flows from finance leases						0.1						0.1						0.2
Operating cash flows from operating leases						30.0						24.7						22.2
ROU assets obtained in exchange for new lease obligations:
Finance lease liabilities						$	0.7					$	0.8					$	0.2
Operating lease liabilities						44.6						36.0						33.5

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

Supplemental balance sheet information related to leases in 2024 and 2023 is as follows:

(Amounts in millions)												2024						2023
Finance leases:
Property and equipment – gross												$	17.0					$	19.1
Accumulated depreciation												(15.5)						(16.8)
Property and equipment – net												$	1.5					$	2.3
Other accrued liabilities												$	0.5					$	1.6
Other long-term liabilities												1.0						1.1
Total finance lease liabilities												$	1.5					$	2.7
Operating leases:
Operating lease right-of-use assets												$	89.4					$	74.7
Other accrued liabilities												$	25.0					$	23.8
Operating lease liabilities												68.6						54.6
Total operating lease liabilities												$	93.6					$	78.4

Weighted-average lease terms and discount rates in 2024 and 2023 are as follows:

						2024						2023						2022
Weighted-average remaining lease terms (in years):
Finance leases						3.8						2.5						2.1
Operating leases						4.7						3.8						4.0
Weighted-average discount rates:
Finance leases						4.5%						4.1%						3.1%
Operating leases						3.6%						4.0%						2.9%

Schedule of Operating Lease Liability Maturities

Maturities of lease liabilities as of December 28, 2024, are as follows:

(Amounts in millions)						Operating Leases						Finance Leases
Year:
2025						$	28.0					$	0.5
2026						23.3						0.4
2027						18.0						0.3
2028						12.8						0.2
2029						7.4						0.1
2030 and thereafter						12.8						0.1
Total lease payments						102.3						1.6
Less: amount representing interest						(8.7)						(0.1)
Total lease liabilities						$	93.6					$	1.5

Schedule of Finance Lease Liability Maturities

Maturities of lease liabilities as of December 28, 2024, are as follows:

(Amounts in millions)						Operating Leases						Finance Leases
Year:
2025						$	28.0					$	0.5
2026						23.3						0.4
2027						18.0						0.3
2028						12.8						0.2
2029						7.4						0.1
2030 and thereafter						12.8						0.1
Total lease payments						102.3						1.6
Less: amount representing interest						(8.7)						(0.1)
Total lease liabilities						$	93.6					$	1.5

Schedule of Sales-type Lease Receivables Maturities

Future minimum lease payments as of December 28, 2024 are as follows:

(Amounts in millions)						Lease Receivables
Year:
2025						$	105.6
2026						91.8
2027						70.0
2028						50.1
2029						32.2
2030 and thereafter						22.4
Total lease payments						372.1
Less: unearned finance charges						(70.4)
Net investment in leases						$	301.7

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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

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-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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