LONG-TERM INCENTIVE EMPLOYEE COMPENSATION

3 Months Ended

Apr. 04, 2026

Share-Based Payment Arrangement [Abstract]

LONG-TERM INCENTIVE EMPLOYEE COMPENSATION

Our long-term incentive plan (LTIP) costs are primarily recorded within general and administrative expenses in our Consolidated Condensed Statements of Operations. The following table summarizes our LTIP costs.



For the Three Months Ended	April 4, 2026		March 29, 2025
Equity-based awards	$	9.0	$	7.9
Liability-based awards	2.0		0.7
Total share-based compensation expense	$	11.0	$	8.6

As of April 4, 2026, there was $87.2 of total unrecognized compensation cost related to non-vested equity awards. This cost is expected to be recognized ratably over a weighted-average period of 2.2 years. Additionally, unrecognized compensation cost related to liability-based awards was $6.1, which is expected to be recognized ratably over a weighted-average period of 2.2 years.

Year-to-Date 2026 LTIP Activity (Equity-based Awards)

The majority of our LTIP awards are granted during the first quarter of each year and have three-year service periods. The majority of these awards either vest equally each year or at the completion of the three-year service period. During the three months ended April 4, 2026, we granted the following LTIP awards as provided in the table below:


	# of Awards Granted	Weighted Average Grant Date Fair Value Per Share

Restricted stock units (RSUs)(a)	0.1	$	197.70
Performance stock units (PSUs)	0.1	$	219.28

(a)Includes the CEO Retention Plan grant awarded on March 4, 2026 with a grant date fair value of $7.0.

During the three months ended April 4, 2026 and March 29, 2025, a nominal amount of non-qualified stock options were exercised resulting in proceeds of $0.1 and $0.6, respectively. During the three months ended April 4, 2026 and March 29, 2025, RSUs of 0.1 and 0.1, respectively, vested and were issued. During the three months ended April 4, 2026 and March 29, 2025, PSUs of 0.1 and 0.1 that vested on December 31, 2025 and 2024, respectively, were issued.