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LONG-TERM INCENTIVE EMPLOYEE COMPENSATION | 9 Months Ended
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Sep. 27, 2025
Share-Based Payment Arrangement [Abstract] |
LONG-TERM INCENTIVE EMPLOYEE COMPENSATION | LONG-TERM INCENTIVE EMPLOYEE COMPENSATION Our long-term incentive plan (LTIP) costs are primarily recorded within general and administrative expenses in our Consolidated Condensed Statements of Operations. The following table summarizes our LTIP costs.
| Three Months Ended |  | Nine Months Ended
| September 27, 2025 |  | September 28, 2024 |  | September 27, 2025 |  | September 28, 2024
Equity-based awards | $ | 10.4 |  |  | $ | 6.1 |  |  | $ | 27.4 |  |  | $ | 19.8 |
Liability-based awards | 0.7 |  |  | 0.7 |  |  | 2.2 |  |  | 2.0 |
Total share-based compensation expense | $ | 11.1 |  |  | $ | 6.8 |  |  | $ | 29.6 |  |  | $ | 21.8 |
As of September 27, 2025, there was $56.1 of total unrecognized compensation cost related to non-vested equity awards. This cost is expected to be recognized ratably over a weighted-average period of 2.0 years. Additionally, unrecognized compensation cost related to liability-based awards was $4.0, which is expected to be recognized ratably over a weighted-average period of 1.9 years. Year-to-Date 2025 LTIP Activity (Equity-based Awards) The majority of our LTIP awards are granted during the first quarter of each year and have three-year service periods. The majority of these awards either vest equally each year or at the completion of the three-year service period. During the nine months ended September 27, 2025, we granted the following LTIP awards as provided in the table below:
| # of Awards Granted |  | Weighted Average Grant Date Fair Value Per Share
Restricted stock units (RSUs) | 0.2 |  | $ | 136.03 |
Performance stock units (PSUs) | 0.1 |  | $ | 148.16 |
During the nine months ended September 27, 2025 and September 28, 2024, a nominal amount of non-qualified stock options were exercised resulting in proceeds of $0.9 and $0.2, respectively. During the nine months ended September 27, 2025 and September 28, 2024, RSUs of 0.1 and 0.1, respectively, vested and were issued. During the nine months ended September 27, 2025 and September 28, 2024, PSUs of 0.1 and 0.1 that vested on December 31, 2024 and 2023, respectively, were issued.

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