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Leases (Tables)

3 Months Ended

Mar. 29, 2026

Leases [Abstract]

Schedule of Lease Costs

The components of lease expense were as follows (in millions):

																		Three Months Ended
Lease Cost						Classification																		March 29, 2026						March 30, 2025
Finance lease cost:
Amortization of right-of-use assets						Cost of goods sold																		$	0.2					$	0.2
Amortization of right-of-use assets						Selling, general and administrative expenses																		8.8						8.1
Interest on lease liabilities						Interest and other non-operating expenses, net																		2.2						2.2
Operating lease cost						Cost of goods sold																		2.9						2.0
Operating lease cost						Selling, general and administrative expenses																		27.7						25.1
Short-term lease cost						Cost of goods sold																		0.3						0.1
Short-term lease cost						Selling, general and administrative expenses																		1.2						1.3
Variable lease cost						Selling, general and administrative expenses																		0.3						0.5
Sublease income						Selling, general and administrative expenses																		(0.3)						(0.2)
Total lease cost																								$	43.3					$	39.3

Supplemental cash flow information related to leases was as follows (in millions):

												Three Months Ended
Other Information																		March 29, 2026						March 30, 2025
Cash paid for amounts included in the measurements of lease liabilities:
Operating cash flows from finance leases																		$	2.2					$	2.2
Operating cash flows from operating leases																		$	30.0					$	28.8
Financing cash flows from finance leases																		$	8.5					$	7.7
Right-of-use assets obtained in exchange for new lease liabilities:
Finance leases																		$	6.7					$	11.5
Operating leases																		$	21.6					$	15.3

The weighted-average lease terms and discount rates were as follows:

Lease Term and Discount Rate

March 29, 2026

March 30, 2025

Weighted-average remaining lease term:

Finance leases

4.1 years

4.5 years

Operating leases

5.8 years

6.0 years

Weighted-average discount rate:

Finance leases

6.8

%

6.6

%

Operating leases

5.6

%

5.5

%

Schedule of Future Lease Payments for Operating Leases

The aggregate future lease payments for operating and finance leases as of March 29, 2026 were as follows (in millions):

Maturity of Lease Liabilities						Operating Leases						Finance Leases
Fiscal year:
2026 (remainder)						$	82.2					$	31.3
2027						111.1						38.6
2028						94.4						34.8
2029						77.0						26.6
2030						58.1						15.1
2031						41.6						4.5
Thereafter						86.1						0.3
Total lease payments						550.5						151.2
Less: interest						86.3						18.5
Present value of lease liabilities						$	464.2					$	132.7

Schedule of Future Lease Payments for Finance Leases

The aggregate future lease payments for operating and finance leases as of March 29, 2026 were as follows (in millions):

Maturity of Lease Liabilities						Operating Leases						Finance Leases
Fiscal year:
2026 (remainder)						$	82.2					$	31.3
2027						111.1						38.6
2028						94.4						34.8
2029						77.0						26.6
2030						58.1						15.1
2031						41.6						4.5
Thereafter						86.1						0.3
Total lease payments						550.5						151.2
Less: interest						86.3						18.5
Present value of lease liabilities						$	464.2					$	132.7

X

- 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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X

- 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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X

- References

No definition available.

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X

- 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

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