XML 60 R43.htm IDEA: XBRL DOCUMENT v3.25.4
Leases (Tables)
12 Months Ended
Dec. 26, 2025
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 26, 2025 and December 27, 2024 (U.S. dollars in millions):

Classification on the Balance SheetDecember 26, 2025December 27, 2024
Assets
Operating lease assetsOperating lease right-of-use assets$192.8 $186.1 
Finance lease assetsProperty, plant and equipment, net4.2 5.7 
Total lease assets$197.0 $191.8 
Liabilities
Current
OperatingCurrent maturities of operating leases$45.4 $38.6 
FinanceCurrent maturities of debt and finance leases1.5 1.5 
Noncurrent
OperatingOperating leases, less current maturities125.9 122.3 
FinanceLong-term debt and finance leases, less current maturities3.2 4.8 
Total lease liabilities$176.0 $167.2 
Weighted-average remaining lease term:
Operating leases6.0 years5.9 years
Finance leases3.1 years4.0 years
Weighted-average discount rate:
Operating leases6.47 %6.48 %
Finance leases1.80 %1.85 %
Lease Costs
The following table presents certain information related to the lease costs for finance and operating leases for the years ended December 26, 2025, December 27, 2024 and December 29, 2023 (U.S. dollars in millions):

December 26,
2025
December 27,
2024
December 29,
2023
Finance lease cost
Amortization of lease assets$1.5 $1.7 $1.5 
Operating lease cost 48.9 68.6 72.1 
Short-term lease cost13.7 8.0 7.0 
Variable lease cost4.7 6.2 7.4 
Total lease cost$68.8 $84.5 $88.0 
The following table presents supplemental cash flow information related to leases for years ended December 26, 2025, December 27, 2024 and December 29, 2023 (U.S. dollars in millions):

December 26,
2025
December 27,
2024
December 29,
2023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases$53.0 $59.5 $58.1 
Financing cash flows for finance leases1.5 1.4 1.3 
Right-of-use assets obtained in exchange for new operating lease liabilities56.4 38.2 51.0
Right-of-use assets obtained in exchange for new finance lease liabilities— 0.1 0.2 
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 26, 2025 (U.S. dollars in millions):

Operating LeasesFinance Leases
2026$49.3 $1.6 
202735.7 1.6 
202829.8 1.5 
202921.6 — 
203012.4 — 
Thereafter40.8 — 
Total lease payments189.6 4.7 
Less: imputed interest18.3 — 
Total lease liabilities$171.3 $4.7 
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 26, 2025 (U.S. dollars in millions):

Operating LeasesFinance Leases
2026$49.3 $1.6 
202735.7 1.6 
202829.8 1.5 
202921.6 — 
203012.4 — 
Thereafter40.8 — 
Total lease payments189.6 4.7 
Less: imputed interest18.3 — 
Total lease liabilities$171.3 $4.7