Property, Plant and Equipment

12 Months Ended

Dec. 29, 2024

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, Plant and Equipment

(In millions)	2024		2023
Land and improvements	$	3.4	$	3.5
Buildings and improvements	201.0		225.9
Machinery, equipment and software	554.9		552.4
Tools, dies and molds	365.3		385.5
Right of use assets	204.7		208.4
Total property, plant and equipment, gross	1,329.3		1,375.7
Less: accumulated depreciation	(1,026.7)		(1,041.4)
Total property, plant and equipment, net	$	302.6	$	334.3

Expenditures for maintenance and repairs which do not materially extend the life of the assets are charged to operations as incurred. In 2024, 2023 and 2022 the Company recorded $94.7 million, $127.7 million and $127.3 million, respectively, of depreciation expense. See Note 17, Leases, for additional discussion on right of use assets.