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COMMITMENTS AND CONTINGENCIES | 6 Months Ended
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Jun. 27, 2025
Commitments and Contingencies Disclosure [Abstract] |
COMMITMENTS AND CONTINGENCIES | NOTE 9. COMMITMENTS AND CONTINGENCIES For a description of our litigation and contingencies and additional information about our leases, refer to Note 13 and Note 8, respectively, in our 2024 Annual Report on Form 10-K. Warranty We generally accrue estimated warranty costs at the time of sale. In general, manufactured products are warranted against defects in material and workmanship when properly used for their intended purpose, installed correctly, and appropriately maintained. Warranty period terms depend on the nature of the product and range from 90 days up to the life of the product. The amount of the accrued warranty liability is determined based on historical information such as past experience, product failure rates or number of units repaired, estimated cost of material and labor, and, in certain instances, estimated property damage. The accrued warranty liability is reviewed on a quarterly basis and may be adjusted as additional information regarding expected warranty costs becomes known. During the three and six-month periods ended June 27, 2025 and June 28, 2024, warranty related activity was immaterial. Leases Operating lease costs for each period are presented as follows ($ in millions):
| Three Months Ended |  | Six Months Ended
| June 27, 2025 |  | June 28, 2024 |  | June 27, 2025 |  | June 28, 2024
Operating lease costs | $ | 11.5 |  |  | $ | 12.5 |  |  | $ | 24.1 |  |  | $ | 25.1 |
Supplemental balance sheet and cash flow information related to operating leases for each period is presented as follows ($ in millions):
| As of
| June 27, 2025 |  | December 31, 2024
Right-of-use (“ROU”) assets (a) | $ | 159.3 |  |  | $ | 164.2 |
Operating lease liabilities (b) | 165.1 |  |  | 169.6 |
(a) ROU assets are recorded in the Consolidated Condensed Balance Sheets within Other assets.
(b) Operating lease liabilities are recorded in the Consolidated Condensed Balance Sheets within Accrued expenses and other current liabilities, and Other long-term liabilities.
| Six Months Ended
| June 27, 2025 |  | June 28, 2024
Cash paid for operating leases | $ | 23.7 |  |  | $ | 24.2 |
ROU assets obtained in exchange for operating lease obligations | 0.6 |  |  | 9.7 |

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