XML 43 R32.htm IDEA: XBRL DOCUMENT v3.25.3
Leases (Tables)
9 Months Ended
Sep. 28, 2025
Leases [Abstract]  
Schedule of Lease Cost The components of lease expense were as follows (in millions):
Three Months EndedNine Months Ended
September 28, 2025September 29, 2024September 28, 2025September 29, 2024
Amortization of right of use assets - finance leases$1.1 $0.8 $2.7 $2.4 
Interest on lease liabilities - finance leases1.0 0.9 2.6 2.5 
Operating lease cost 3.8 3.4 10.9 10.5 
Short-term lease cost0.5 0.4 1.4 1.0 
Sublease income(0.1)— (0.2)(0.1)
Total lease cost
$6.3 $5.5 $17.4 $16.3 
Cash paid for amounts included in the measurement of lease liabilities was as follows (in millions):
Three Months EndedNine Months Ended
September 28, 2025September 29, 2024September 28, 2025September 29, 2024
Finance lease - cash paid for interest$0.9 $0.9 $2.5 $2.5 
Finance lease - financing cash flows$0.5 $0.3 $1.4 $1.0 
Operating lease - operating cash flows (fixed payments)$3.8 $3.4 $10.8 $10.6 
Other supplemental noncash information (in millions):
Three Months EndedNine Months Ended
September 28, 2025September 29, 2024September 28, 2025September 29, 2024
Operating lease liabilities arising from obtaining right-of-use assets$4.6 $0.6 $13.5 $2.9 
Finance lease liabilities arising from obtaining right-of-use assets$23.8 $— $23.8 $16.8 
September 28, 2025September 29, 2024
Weighted-average remaining lease term (in years):
Operating leases
4.574.24
Finance leases
14.6714.06
Weighted-average discount rate:
Operating leases
5.26 %5.00 %
Finance leases
6.19 %6.35 %
Schedule of Balance Sheet Information
The components of leases on the balance sheet were as follows (in millions):
September 28, 2025December 29, 2024
Operating leases:
Operating lease right-of-use assets
$42.0 $37.6 
Current portion of operating lease liabilities
$12.2 $11.3 
Operating lease liabilities, net of current portion
$33.3 $29.8 
Finance leases:
Property, plant and equipment, net
$78.7 $57.6 
Current portion of finance lease liabilities
$2.8 $1.9 
Finance lease liabilities, net of current portion
$86.0 $64.4 
Schedule of Maturities of Operating Lease Liabilities
The maturity of lease liabilities is (in millions):
Operating LeasesFinance Leases
2025 (1)
$3.7 $1.7 
2026
13.7 8.4 
2027
12.2 8.8 
2028
9.3 8.9 
2029
5.5 9.0 
Thereafter7.1 101.4 
Total lease payments51.5 138.2 
Less: imputed interest(6.0)(49.4)
Total present value of lease liabilities$45.5 $88.8 
(1) Excludes the nine months ended September 28, 2025.
Schedule of Maturities of Financing Lease Liabilities
The maturity of lease liabilities is (in millions):
Operating LeasesFinance Leases
2025 (1)
$3.7 $1.7 
2026
13.7 8.4 
2027
12.2 8.8 
2028
9.3 8.9 
2029
5.5 9.0 
Thereafter7.1 101.4 
Total lease payments51.5 138.2 
Less: imputed interest(6.0)(49.4)
Total present value of lease liabilities$45.5 $88.8 
(1) Excludes the nine months ended September 28, 2025.