XML 53 R37.htm IDEA: XBRL DOCUMENT v3.25.0.1
Leases (Tables)
12 Months Ended
Dec. 29, 2024
Leases [Abstract]  
Schedule of Lease Cost
The components of lease expense for the years ended December 29, 2024, and December 31, 2023 were as follows (in millions):
December 29, 2024December 31, 2023
Amortization of right of use assets - finance leases$3.2 $3.1 
Interest expense on lease liabilities - finance leases3.3 3.1 
Operating lease cost (expense resulting from amortization of total lease payments)13.9 14.0 
Short-term lease cost1.4 1.2 
Variable lease cost (cost excluded from lease payments)— 0.1 
Sublease income(0.2)— 
Total lease cost
$21.6 $21.5 
Cash paid for amounts included in the measurement of lease liabilities for the years ended December 29, 2024, and December 31, 2023 were as follows (in millions):
December 29, 2024December 31, 2023
Finance lease - cash paid for interest$3.3 $3.1 
Finance lease - financing cash flows$1.4 $1.5 
Operating lease - operating cash flows (fixed payments)$14.3 $14.1 

Other supplemental noncash information (in millions):
December 29, 2024December 31, 2023
Operating lease liabilities arising from obtaining right-of-use assets$3.7$12.1
Finance lease liabilities arising from obtaining right-of-use assets$15.4$6.9
Weighted-average remaining lease term (in years):
Operating leases
4.034.59
Finance leases
13.8114.91
Weighted-average discount rate:
Operating leases
4.99 %4.95 %
Finance leases
6.35 %6.35 %
Schedule of Balance Sheet Information
The components of leases on the balance sheet were as follows (in millions):
December 29, 2024December 31, 2023
Operating Leases:
Operating lease right-of-use assets
$37.6 $45.7 
Current portion of operating lease liabilities
$11.3 $12.1 
Operating lease liabilities, net of current portion
$29.8 $37.8 
Finance leases:
Property, plant and equipment, net
$57.6 $45.4 
Other current liabilities
$1.9 $1.3 
Other long-term liabilities
$64.4 $50.9 
Schedule of Maturities of Operating Lease Liabilities
The maturity of lease liabilities is (in millions):
Operating LeasesFinance Leases
2025$12.9 $5.4 
202611.4 6.2 
202710.0 6.3 
20286.6 6.4 
2029
2.6 6.5 
Thereafter1.8 74.7 
Total lease payments
45.3 105.5 
Less: imputed interest(4.2)(39.2)
Total present value of lease liabilities
$41.1 $66.3 
Schedule of Maturities of Financing Lease Liabilities
The maturity of lease liabilities is (in millions):
Operating LeasesFinance Leases
2025$12.9 $5.4 
202611.4 6.2 
202710.0 6.3 
20286.6 6.4 
2029
2.6 6.5 
Thereafter1.8 74.7 
Total lease payments
45.3 105.5 
Less: imputed interest(4.2)(39.2)
Total present value of lease liabilities
$41.1 $66.3