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COMMITMENTS AND LEASES (Tables) | 12 Months Ended
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Dec. 28, 2024
Leases [Abstract] |
Schedule of Supplemental Cost Information Related to Leases | Supplemental cost information related to leases is shown below.
(In millions) |  | 2024 |  | 2023 |  | 2022
Operating lease costs |  | $ | 75.1 |  |  | $ | 73.6 |  |  | $ | 70.8 |
Schedule of Supplemental Balance Sheet Information Related to Leases | Supplemental balance sheet information related to leases is shown below.
(In millions) |  | Balance Sheet Location |  | 2024 |  | 2023
Assets |  |  |  |  |  |
Operating |  | Other assets |  | $ | 227.5 |  |  | $ | 200.2 |
Finance(1) |  | Property, plant and equipment, net |  | 32.5 |  |  | 29.6 |
Total leased assets |  |  |  | $ | 260.0 |  |  | $ | 229.8 |
Liabilities |  |  |  |  |  |
Current: |  |  |  |  |  |
Operating |  | Other current liabilities |  | $ | 49.6 |  |  | $ | 45.4 |
Finance |  | Short-term borrowings and current portion of long-term debt and finance leases |  | 4.3 |  |  | 6.3 |
Non-current: |  |  |  |  |  |
Operating |  | Long-term retirement benefits and other liabilities |  | 176.1 |  |  | 152.3 |
Finance |  | Long-term debt and finance leases |  | 9.1 |  |  | 7.0 |
Total lease liabilities |  |  |  | $ | 239.1 |  |  | $ | 211.0 |
(1) Finance lease assets are net of accumulated amortization of $18.7 million and $14.6 million as of December 28, 2024 and December 30, 2023, respectively.
Schedule of Supplemental Cash Flow Information Related to Leases | Supplemental cash flow information related to leases is shown below.
(In millions) |  | 2024 |  | 2023 |  | 2022
Cash paid for amounts included in measurement of operating lease liabilities |  | $ | 61.0 |  |  | $ | 55.8 |  |  | $ | 60.5 |
Operating lease assets obtained in exchange for operating lease liabilities |  | 93.0 |  |  | 92.4 |  |  | 37.2 |
Schedule of Weighted Average Remaining Lease Term and Discount Rate Information | Weighted average remaining lease term and discount rate information related to leases as of December 28, 2024 and December 30, 2023 is shown below.
|  | 2024 |  | 2023
Weighted average remaining lease term (in years): |  |  |  |
Operating |  | 6.7 |  | 7.1
Finance |  | 3.6 |  | 3.1
Weighted average discount rate (percentage): |  |  |  |
Operating |  | 4.6 | % |  | 4.1 | %
Finance |  | 4.7 |  |  | 4.2 |
Schedule of Operating Lease Liabilities by Maturity Date | Operating and finance lease liabilities by maturity date from December 28, 2024 are shown below.
(In millions) |  | Operating Leases |  | Finance Leases
2025 |  | $ | 55.6 |  |  | $ | 5.3 |
2026 |  | 47.8 |  |  | 3.6 |
2027 |  | 37.0 |  |  | 2.8 |
2028 |  | 26.3 |  |  | 1.8 |
2029 |  | 21.8 |  |  | .9 |
2030 and thereafter |  | 72.5 |  |  | .5 |
Total lease payments |  | 261.0 |  |  | 14.9 |
Less: imputed interest |  | (35.3) |  |  | (1.6) |
Present value of lease liabilities |  | $ | 225.7 |  |  | $ | 13.3 |
Schedule of Finance Lease Liabilities by Maturity Date | Operating and finance lease liabilities by maturity date from December 28, 2024 are shown below.
(In millions) |  | Operating Leases |  | Finance Leases
2025 |  | $ | 55.6 |  |  | $ | 5.3 |
2026 |  | 47.8 |  |  | 3.6 |
2027 |  | 37.0 |  |  | 2.8 |
2028 |  | 26.3 |  |  | 1.8 |
2029 |  | 21.8 |  |  | .9 |
2030 and thereafter |  | 72.5 |  |  | .5 |
Total lease payments |  | 261.0 |  |  | 14.9 |
Less: imputed interest |  | (35.3) |  |  | (1.6) |
Present value of lease liabilities |  | $ | 225.7 |  |  | $ | 13.3 |

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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 + Details
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- Definition 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 + Details
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- Definition 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 + Details
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