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LEASES
 6 Months Ended
Jun. 29, 2024
Leases [Abstract]  
LEASES LEASES
There have been no material changes to our finance leases during the three and six months ended June 29, 2024.

During the six months ended June 29, 2024, we obtained operating lease right-of-use assets in exchange for new lease obligations of $15.8, recorded as a non-cash activity within the condensed consolidated statement of cash flows.

Supplemental balance sheet information related to operating leases is as follows:

June 29, 2024December 31, 2023
Operating Leases:Affected Line Item in the Condensed Consolidated Balance Sheets
Operating lease ROU assets$52.2 $42.4 Other assets
Operating lease current liabilities$10.2 $11.3 Accrued expenses
Operating lease non-current liabilities39.4 28.5 Other long-term liabilities
Total operating lease liability$49.6 $39.8 

The weighted average remaining lease term (years) of our operating leases as of June 29, 2024 and December 31, 2023, were as follows:

June 29, 2024December 31, 2023
Operating Leases5.95.5

The discount rate utilized to determine the present value of lease payments over the lease term is our incremental borrowing rate based on the information available at lease commencement date. In developing the incremental borrowing rate, we considered the interest rate that reflects a term similar to the underlying lease term on a fully collateralized basis. We concluded to apply the incremental borrowing rate at a consolidated portfolio level using a five-year term, as the results did not materially differ upon further stratification. The weighted-average discount rate for our operating leases was 3.8% and 3.2% at June 29, 2024 and December 31, 2023, respectively.

The future minimum payments under our operating leases were as follows as of June 29, 2024:

Operating Leases
Remainder of 2024$6.7 
202510.5 
20269.1 
20278.5 
20287.7 
Thereafter13.0 
      Total lease payments55.5 
Less imputed interest5.9 
      Total$49.6 
LEASES LEASES
There have been no material changes to our finance leases during the three and six months ended June 29, 2024.

During the six months ended June 29, 2024, we obtained operating lease right-of-use assets in exchange for new lease obligations of $15.8, recorded as a non-cash activity within the condensed consolidated statement of cash flows.

Supplemental balance sheet information related to operating leases is as follows:

June 29, 2024December 31, 2023
Operating Leases:Affected Line Item in the Condensed Consolidated Balance Sheets
Operating lease ROU assets$52.2 $42.4 Other assets
Operating lease current liabilities$10.2 $11.3 Accrued expenses
Operating lease non-current liabilities39.4 28.5 Other long-term liabilities
Total operating lease liability$49.6 $39.8 

The weighted average remaining lease term (years) of our operating leases as of June 29, 2024 and December 31, 2023, were as follows:

June 29, 2024December 31, 2023
Operating Leases5.95.5

The discount rate utilized to determine the present value of lease payments over the lease term is our incremental borrowing rate based on the information available at lease commencement date. In developing the incremental borrowing rate, we considered the interest rate that reflects a term similar to the underlying lease term on a fully collateralized basis. We concluded to apply the incremental borrowing rate at a consolidated portfolio level using a five-year term, as the results did not materially differ upon further stratification. The weighted-average discount rate for our operating leases was 3.8% and 3.2% at June 29, 2024 and December 31, 2023, respectively.

The future minimum payments under our operating leases were as follows as of June 29, 2024:

Operating Leases
Remainder of 2024$6.7 
202510.5 
20269.1 
20278.5 
20287.7 
Thereafter13.0 
      Total lease payments55.5 
Less imputed interest5.9 
      Total$49.6