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Leases (Tables)

12 Months Ended

Dec. 29, 2023

Leases [Abstract]

Lease Assets and Liabilities

The following table presents the lease-related assets and liabilities recorded on our Consolidated Balance Sheets as of December 29, 2023 and December 30, 2022 (U.S. dollars in millions):

Classification on the Balance Sheet									December 29, 2023						December 30, 2022
Assets
Operating lease assets			Operating lease right-of-use assets						$	213.8					$	213.8
Finance lease assets			Property, plant and equipment, net						7.3						8.6
Total lease assets									$	221.1					$	222.4
Liabilities
Current
Operating			Current maturities of operating leases						$	48.6					$	41.6
Finance			Current maturities of debt and finance leases						1.4						1.3
Noncurrent
Operating			Operating leases, less current maturities						142.1						147.3
Finance			Long-term debt and finance leases, less current maturities						6.1						7.3
Total lease liabilities									$	198.2					$	197.5
Weighted-average remaining lease term:
Operating leases									5.8 years						6.5 years
Finance leases									4.5 years						5.7 years
Weighted-average discount rate:
Operating leases									5.37		%				5.23		%
Finance leases									4.47		%				2.91		%

Lease Costs

The following table presents certain information related to the lease costs for finance and operating leases for the years ended December 29, 2023, December 30, 2022 and December 31, 2021 (U.S. dollars in millions):

									December 29, 2023						December 30, 2022						December 31, 2021
Finance lease cost
Amortization of lease assets									$	1.5					$	1.4					$	0.3
Operating lease cost									72.1						66.3						61.9
Short-term lease cost									7.0						5.3						8.4
Variable lease cost									7.4						5.1						5.9
Total lease cost									$	88.0					$	78.1					$	76.5

The following table presents supplemental cash flow information related to leases for fiscal 2023, 2022 and 2021 (U.S. dollars in millions):

									December 29, 2023						December 30, 2022						December 31, 2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases									$	58.1					$	51.2					$	41.2
Financing cash flows for finance leases									1.3						1.3						0.3
Right-of-use assets obtained in exchange for new operating lease liabilities									51.0						59.6						78.8
Right-of-use assets obtained in exchange for new finance lease liabilities									0.2						0.1						9.9

Operating Lease Liability Maturity

The following table reconciles the undiscounted cash flows for each of the first five years and total remaining years to the finance lease liabilities and operating lease liabilities recorded on the balance sheet as of December 29, 2023 (U.S. dollars in millions):

			Operating Leases						Finance Leases
2024			$	59.5					$	1.6
2025			40.7						1.6
2026			34.4						1.6
2027			29.2						1.6
2028			22.5						1.5
Thereafter			52.2						—
Total lease payments			238.5						7.9
Less: imputed interest			47.8						0.4
Total lease liabilities			$	190.7					$	7.5

Finance Lease Liability Maturity

The following table reconciles the undiscounted cash flows for each of the first five years and total remaining years to the finance lease liabilities and operating lease liabilities recorded on the balance sheet as of December 29, 2023 (U.S. dollars in millions):

			Operating Leases						Finance Leases
2024			$	59.5					$	1.6
2025			40.7						1.6
2026			34.4						1.6
2027			29.2						1.6
2028			22.5						1.5
Thereafter			52.2						—
Total lease payments			238.5						7.9
Less: imputed interest			47.8						0.4
Total lease liabilities			$	190.7					$	7.5

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Lease, Assets and Liabilities [Table Text Block]

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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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