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Leases | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Leases | Leases We have operating and finance leases for buildings and certain machinery and equipment. Operating leases are included in operating lease right-of-use assets, other current liabilities, and operating lease liabilities in our consolidated balance sheets. Amounts recognized for finance leases as of and for the years ended December 31, 2023 and December 25, 2022 were immaterial. Operating lease expense recognized in the consolidated statement of income for the years ended 2023, 2022 and 2021 were $26.9 million, $27.4 million and $24.7 million, respectively, including approximately $9.4 million, $11.7 million and $9.4 million of short-term and variable lease costs for the years ended 2023, 2022 and 2021, respectively. Other information related to leases was as follows for the fiscal years ending:
(U.S. Dollars presented in millions, except lease term and discount rate) | December 31, 2023 |  | December 25, 2022 |  | December 26, 2021
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash flows from operating leases | $ | 17.3 |  |  | $ | 15.4 |  |  | $ | 14.7 |
Right-of-use assets obtained in exchange for operating lease obligations | $ | 23.9 |  |  | $ | 5.2 |  |  | $ | 35.8 |
Weighted average remaining lease term—operating leases | 5.4 years |  | 5.1 years |  | 5.9 years
Weighted average discount rate—operating leases | 4.5 | % |  | 3.0 | % |  | 2.8 | %
Total lease payments under non-cancellable operating leases as of December 31, 2023 are expected to be:
(U.S. Dollars presented in millions) |
Fiscal Years Ending: |
2024 | $ | 18.1 |
2025 | 13.5 |
2026 | 10.5 |
2027 | 8.7 |
2028 | 7.0 |
Thereafter | 13.3 |
Total lease payments | 71.1 |
Less imputed interest | (8.7) |
Total | $ | 62.4 |
Reported as of December 31, 2023 |
Current operating lease liabilities | $ | 16.1 |
Operating lease liabilities (non-current) | 46.3 |
Total | $ | 62.4 |
Leases | Leases We have operating and finance leases for buildings and certain machinery and equipment. Operating leases are included in operating lease right-of-use assets, other current liabilities, and operating lease liabilities in our consolidated balance sheets. Amounts recognized for finance leases as of and for the years ended December 31, 2023 and December 25, 2022 were immaterial. Operating lease expense recognized in the consolidated statement of income for the years ended 2023, 2022 and 2021 were $26.9 million, $27.4 million and $24.7 million, respectively, including approximately $9.4 million, $11.7 million and $9.4 million of short-term and variable lease costs for the years ended 2023, 2022 and 2021, respectively. Other information related to leases was as follows for the fiscal years ending:
(U.S. Dollars presented in millions, except lease term and discount rate) | December 31, 2023 |  | December 25, 2022 |  | December 26, 2021
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash flows from operating leases | $ | 17.3 |  |  | $ | 15.4 |  |  | $ | 14.7 |
Right-of-use assets obtained in exchange for operating lease obligations | $ | 23.9 |  |  | $ | 5.2 |  |  | $ | 35.8 |
Weighted average remaining lease term—operating leases | 5.4 years |  | 5.1 years |  | 5.9 years
Weighted average discount rate—operating leases | 4.5 | % |  | 3.0 | % |  | 2.8 | %
Total lease payments under non-cancellable operating leases as of December 31, 2023 are expected to be:
(U.S. Dollars presented in millions) |
Fiscal Years Ending: |
2024 | $ | 18.1 |
2025 | 13.5 |
2026 | 10.5 |
2027 | 8.7 |
2028 | 7.0 |
Thereafter | 13.3 |
Total lease payments | 71.1 |
Less imputed interest | (8.7) |
Total | $ | 62.4 |
Reported as of December 31, 2023 |
Current operating lease liabilities | $ | 16.1 |
Operating lease liabilities (non-current) | 46.3 |
Total | $ | 62.4 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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