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Leases (Tables) | 12 Months Ended
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Dec. 27, 2024
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 27, 2024 and December 29, 2023 (U.S. dollars in millions):
Classification on the Balance Sheet |  | December 27, 2024 |  | December 29, 2023
Assets |  |  |  |  |
Operating lease assets | Operating lease right-of-use assets |  | $ | 186.1 |  |  | $ | 213.8 |
Finance lease assets | Property, plant and equipment, net |  | 5.7 |  |  | 7.3 |
Total lease assets |  |  | $ | 191.8 |  |  | $ | 221.1 |
Liabilities |  |  |  |  |
Current |  |  |  |  |
Operating | Current maturities of operating leases |  | $ | 38.6 |  |  | $ | 48.6 |
Finance | Current maturities of debt and finance leases |  | 1.5 |  |  | 1.4 |
Noncurrent |  |  |  |  |
Operating | Operating leases, less current maturities |  | 122.3 |  |  | 142.1 |
Finance | Long-term debt and finance leases, less current maturities |  | 4.8 |  |  | 6.1 |
Total lease liabilities |  |  | $ | 167.2 |  |  | $ | 198.2 |
Weighted-average remaining lease term: |  |  |  |
Operating leases |  |  | 5.9 years |  | 5.8 years
Finance leases |  |  | 4.0 years |  | 4.5 years
Weighted-average discount rate: |  |  |  |
Operating leases |  |  | 6.48 | % |  | 5.37 | %
Finance leases |  |  | 1.85 | % |  | 4.47 | %
Lease Costs | The following table presents certain information related to the lease costs for finance and operating leases for the years ended December 27, 2024, December 29, 2023 and December 30, 2022 (U.S. dollars in millions):
|  |  | December 27, 2024 |  | December 29, 2023 |  | December 30, 2022
Finance lease cost |  |  |  |  |  |  |
Amortization of lease assets |  |  | $ | 1.7 |  |  | $ | 1.5 |  |  | $ | 1.4 |
Operating lease cost |  |  | 68.6 |  |  | 72.1 |  |  | 66.3 |
Short-term lease cost |  |  | 8.0 |  |  | 7.0 |  |  | 5.3 |
Variable lease cost |  |  | 6.2 |  |  | 7.4 |  |  | 5.1 |
Total lease cost |  |  | $ | 84.5 |  |  | $ | 88.0 |  |  | $ | 78.1 |
The following table presents supplemental cash flow information related to leases for years ended December 27, 2024, December 29, 2023 and December 30, 2022 (U.S. dollars in millions):
|  |  | December 27, 2024 |  | December 29, 2023 |  | December 30, 2022
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |  |
Operating cash flows for operating leases |  |  | $ | 59.5 |  |  | $ | 58.1 |  |  | $ | 51.2 |
Financing cash flows for finance leases |  |  | 1.4 |  |  | 1.3 |  |  | 1.3 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  |  | 38.2 |  |  | 51.0 |  |  | 59.6
Right-of-use assets obtained in exchange for new finance lease liabilities |  |  | 0.1 |  |  | 0.2 |  |  | 0.1 |
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 Consolidated Balance Sheet as of December 27, 2024 (U.S. dollars in millions):
| Operating Leases |  | Finance Leases
2025 | $ | 44.7 |  |  | $ | 1.6 |
2026 | 39.8 |  |  | 1.6 |
2027 | 31.7 |  |  | 1.6 |
2028 | 26.4 |  |  | 1.5 |
2029 | 17.3 |  |  | — |
Thereafter | 34.6 |  |  | — |
Total lease payments | 194.5 |  |  | 6.3 |
Less: imputed interest | 33.6 |  |  | — |
Total lease liabilities | $ | 160.9 |  |  | $ | 6.3 |
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 Consolidated Balance Sheet as of December 27, 2024 (U.S. dollars in millions):
| Operating Leases |  | Finance Leases
2025 | $ | 44.7 |  |  | $ | 1.6 |
2026 | 39.8 |  |  | 1.6 |
2027 | 31.7 |  |  | 1.6 |
2028 | 26.4 |  |  | 1.5 |
2029 | 17.3 |  |  | — |
Thereafter | 34.6 |  |  | — |
Total lease payments | 194.5 |  |  | 6.3 |
Less: imputed interest | 33.6 |  |  | — |
Total lease liabilities | $ | 160.9 |  |  | $ | 6.3 |

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- 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 + Details
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