LEASES (Tables)

3 Months Ended

Mar. 29, 2025

Leases [Abstract]

Schedule of Balance Sheet Location of Lease Assets and Liabilities

The balance sheet locations of our lease assets and liabilities were as follows (in millions):

Assets	Balance Sheet Location	March 29, 2025		December 31, 2024
Operating	Operating lease assets	$	170.1	$	175.2
Finance	Other non-current assets	11.2		11.7
Total		$	181.3	$	186.9

Liabilities	Balance Sheet Location	March 29, 2025		December 31, 2024
Current
Operating	Other accrued liabilities	$	27.5	$	27.8
Finance	Current indebtedness	1.3		1.5
Non-Current
Operating	Other non-current liabilities	149.9		153.8
Finance	Long-term debt, less current portion	11.7		12.0
Total		$	190.4	$	195.1

The below tables show our lease assets and liabilities by reporting segment (in millions):

	Assets
	Operating				Financing
	March 29, 2025		December 31, 2024		March 29, 2025		December 31, 2024
CSCA	$	87.8	$	90.5	$	11.2	$	11.5
CSCI	30.6		31.0		—		—
Unallocated	51.7		53.7		—		0.2
Total	$	170.1	$	175.2	$	11.2	$	11.7

	Liabilities
	Operating				Financing
	March 29, 2025		December 31, 2024		March 29, 2025		December 31, 2024
CSCA	$	91.7	$	94.1	$	12.9	$	13.1
CSCI	36.2		36.7		0.1		0.2
Unallocated	49.5		50.8		—		0.2
Total	$	177.4	$	181.6	$	13.0	$	13.5

Schedule of Lease Expense

Expenses related to leases were as follows (in millions):

	Three Months Ended
	March 29, 2025		March 30, 2024
Operating leases(1)	$	11.8	$	11.6
Finance leases
Amortization	$	0.5	$	0.6
Interest	0.1		0.1
Total finance leases	$	0.6	$	0.7

(1) Includes short-term leases and variable lease costs, which are immaterial.

Schedule of Finance Lease Maturity

The annual future maturities of our leases as of March 29, 2025 are as follows (in millions):

	Operating Leases		Finance Leases		Total
2025	$	24.9	$	1.4	$	26.3
2026	29.4		1.6		31.0
2027	27.0		1.6		28.6
2028	19.7		1.6		21.3
2029	17.7		1.6		19.3
After 2029	89.6		7.4		97.0
Total lease payments	$	208.3	$	15.2	$	223.5
Less: Interest	30.9		2.2		33.1
Present value of lease liabilities	$	177.4	$	13.0	$	190.4

Schedule of Operating Lease Liability Maturity

The annual future maturities of our leases as of March 29, 2025 are as follows (in millions):

	Operating Leases		Finance Leases		Total
2025	$	24.9	$	1.4	$	26.3
2026	29.4		1.6		31.0
2027	27.0		1.6		28.6
2028	19.7		1.6		21.3
2029	17.7		1.6		19.3
After 2029	89.6		7.4		97.0
Total lease payments	$	208.3	$	15.2	$	223.5
Less: Interest	30.9		2.2		33.1
Present value of lease liabilities	$	177.4	$	13.0	$	190.4

Schedule of Weighted Average Lease Terms and Discount Rates

Our weighted average lease terms and discount rates are as follows:

	March 29, 2025		March 30, 2024
Weighted-average remaining lease term (in years)
Operating leases	9.38		9.72
Finance leases	8.89		9.43
Weighted-average discount rate
Operating leases	3.9	%	3.3	%
Finance leases	3.4	%	3.5	%

Schedule of Lease Cash Flow Classifications

Our lease cash flow classifications are as follows (in millions):

	Three Months Ended
	March 29, 2025		March 30, 2024
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	9.2	$	8.5
Operating cash flows for finance leases	$	0.1	$	0.1
Financing cash flows for finance leases	$	0.5	$	0.5
Leased assets obtained (used) in exchange for new finance lease liabilities	$	—	$	0.3
Leased assets obtained (used) in exchange for new operating lease liabilities	$	0.6	$	1.7