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Leases (Tables)

12 Months Ended

Dec. 30, 2023

Leases [Abstract]

Schedule of Lease Costs

Lease costs included in the Consolidated Statements of Comprehensive Income consisted of the following:

			Classification						2023						2022						2021
Operating lease costs
Fixed			Cost of sales						$	5.4					$	2.9					$	2.3
			Selling and administrative expenses						24.3						22.7						23.1
Short-term / variable			Cost of sales						1.4						1.3						1.0
			Selling and administrative expenses						1.7						1.5						0.7
Finance lease costs
Amortization			Cost of sales						1.4						1.2						0.9
			Selling and administrative, and interest expense						3.1						2.5						1.9
Less: Sublease income
			Cost of sales						(0.0)						0.0						(0.2)
			Selling and administrative expenses						(0.5)						(0.3)						(0.3)
Total lease costs									$	37.0					$	31.9					$	29.4

The following table summarizes cash paid for amounts included in the measurements of lease liabilities and the leased assets obtained in exchange for new operating and finance lease liabilities:

			2023						2022						2021
Cash paid for amounts included in the measurements of lease liabilities
Operating cash flows from operating / finance leases			$	29.7					$	22.6					$	24.7
Financing cash flows from finance leases			$	4.2					$	3.3					$	2.7
Leased assets obtained in exchange for new operating / finance lease liabilities			$	62.3					$	39.2					$	49.3

Schedule of Maturities of Finance Lease Liabilities

Maturity of lease liabilities as of December 30, 2023 is as follows:

			Operating Leases						Finance Leases						Total
2024			$	30.8					$	4.8					$	35.6
2025			29.5						4.4						33.9
2026			23.4						2.3						25.6
2027			16.9						1.0						17.9
2028			10.0						0.6						10.6
Thereafter			59.9						0.1						59.9
Total lease payments			170.4						13.2						183.6
Less: Interest			(40.5)						(0.9)						(41.4)
Present value of lease liabilities			$	129.9					$	12.3					$	142.2

Schedule of Maturities of Operating Lease Liabilities

Maturity of lease liabilities as of December 30, 2023 is as follows:

			Operating Leases						Finance Leases						Total
2024			$	30.8					$	4.8					$	35.6
2025			29.5						4.4						33.9
2026			23.4						2.3						25.6
2027			16.9						1.0						17.9
2028			10.0						0.6						10.6
Thereafter			59.9						0.1						59.9
Total lease payments			170.4						13.2						183.6
Less: Interest			(40.5)						(0.9)						(41.4)
Present value of lease liabilities			$	129.9					$	12.3					$	142.2

Schedule of Weighted Average Lease Terms and Discount Rates, Lessee

The following table summarizes the weighted-average discount rates and weighted-average remaining lease terms for operating and finance leases as of December 30, 2023:

			Weighted-Average Discount Rate						Weighted-Average Remaining Lease Term  (years)
Operating leases			6.2		%				7.5
Finance leases			4.1		%				3.2

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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

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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

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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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