v3.25.4

Leases (Tables)

12 Months Ended

Jan. 03, 2026

Leases [Abstract]

Schedule of Lease Costs and Supplemental Cash Flow Information related to leases

Total lease costs for 2025, 2024 and 2023 consist of the following:

(Amounts in millions)						2025						2024						2023
Finance lease costs:
Amortization of ROU assets						$	0.5					$	1.4					$	1.5
Interest on lease liabilities						0.1						0.1						0.1
Operating lease costs*						35.0						32.2						27.4
Total lease costs						$	35.6					$	33.7					$	29.0

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

Supplemental cash flow information related to leases in 2025, 2024 and 2023 is as follows:

(Amounts in millions)						2025						2024						2023
Cash paid for amounts included in the measurement of lease liabilities:
Financing cash flows from finance leases						$	0.6					$	1.7					$	2.0
Operating cash flows from finance leases						0.1						0.1						0.1
Operating cash flows from operating leases						31.6						30.0						24.7
ROU assets obtained in exchange for new lease obligations:
Finance lease liabilities						$	0.3					$	0.7					$	0.8
Operating lease liabilities						20.5						44.6						36.0

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

Supplemental balance sheet information related to leases in 2025 and 2024 is as follows:

(Amounts in millions)												2025						2024
Finance leases:
Property and equipment – gross												$	2.4					$	17.0
Accumulated depreciation												(1.0)						(15.5)
Property and equipment – net												$	1.4					$	1.5
Other accrued liabilities												$	0.4					$	0.5
Other long-term liabilities												1.0						1.0
Total finance lease liabilities												$	1.4					$	1.5
Operating leases:
Operating lease right-of-use assets												$	83.7					$	89.4
Other accrued liabilities												$	27.5					$	25.0
Operating lease liabilities												61.8						68.6
Total operating lease liabilities												$	89.3					$	93.6

Weighted-average lease terms and discount rates in 2025 and 2024 are as follows:

						2025						2024						2023
Weighted-average remaining lease terms (in years):
Finance leases						3.5						3.8						2.5
Operating leases						4.2						4.7						3.8
Weighted-average discount rates:
Finance leases						4.4%						4.5%						4.1%
Operating leases						4.0%						3.6%						4.0%

Schedule of Operating Lease Liability Maturities

Maturities of lease liabilities as of January 3, 2026, are as follows:

(Amounts in millions)						Operating Leases						Finance Leases
Year:
2026						$	30.4					$	0.5
2027						24.4						0.4
2028						17.0						0.3
2029						9.8						0.2
2030						5.2						0.1
2031 and thereafter						10.6						—
Total lease payments						97.4						1.5
Less: amount representing interest						(8.1)						(0.1)
Total lease liabilities						$	89.3					$	1.4

Schedule of Finance Lease Liability Maturities

Maturities of lease liabilities as of January 3, 2026, are as follows:

(Amounts in millions)						Operating Leases						Finance Leases
Year:
2026						$	30.4					$	0.5
2027						24.4						0.4
2028						17.0						0.3
2029						9.8						0.2
2030						5.2						0.1
2031 and thereafter						10.6						—
Total lease payments						97.4						1.5
Less: amount representing interest						(8.1)						(0.1)
Total lease liabilities						$	89.3					$	1.4

Schedule of Future Minimum Lease Payment Receivables

Future minimum lease payments as of January 3, 2026, are as follows:

(Amounts in millions)						Lease Receivables
Year:
2026						$	117.9
2027						98.3
2028						74.6
2029						51.4
2030						31.2
2031 and thereafter						19.6
Total lease payments						393.0
Less: unearned finance charges						(73.7)
Net investment in leases						$	319.3

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Assets And Liabilities, Lessee

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- Definition

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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