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Leases (Tables)

12 Months Ended

Dec. 28, 2024

Lease costs included in the Consolidated Statements of Comprehensive Income consisted of the following:


	Classification	2024		2023		2022
Operating lease costs
Fixed	Cost of sales	$	6.3	$	5.4	$	2.9
	Selling and administrative expenses	25.2		24.3		22.7
Short-term / variable	Cost of sales	1.5		1.4		1.3
	Selling and administrative expenses	1.6		1.7		1.5
Finance lease costs
Amortization	Cost of sales	1.3		1.4		1.2
	Selling and administrative, and interest expense	4.2		3.1		2.5
Less: Sublease income
	Cost of sales	(0.0)		(0.0)		0.0
	Selling and administrative expenses	(1.0)		(0.5)		(0.3)
Total lease costs		$	39.0	$	37.0	$	31.9

The following table summarizes cash paid for amounts included in the measurements of lease liabilities and the leased assets obtained in exchange for new operating and finance lease liabilities:


	2024		2023		2022
Cash paid for amounts included in the measurements of lease liabilities
Operating cash flows from operating / finance leases	$	31.9	$	29.7	$	22.6
Financing cash flows from finance leases	$	4.8	$	4.2	$	3.3
Leased assets obtained in exchange for new operating / finance lease liabilities	$	38.3	$	62.3	$	39.2

Schedule of Maturities of Finance Lease Liabilities

Maturity of lease liabilities as of December 28, 2024 is as follows:


	Operating Leases		Finance Leases		Total
2025	$	35.1	$	6.2	$	41.3
2026	31.5		4.0		35.5
2027	24.5		2.7		27.2
2028	16.0		2.0		18.1
2029	14.4		0.9		15.3
Thereafter	55.5		0.0		55.5
Total lease payments	177.0		16.0		193.0
Less: Interest	(39.4)		(1.5)		(40.9)
Present value of lease liabilities	$	137.6	$	14.5	$	152.1

Schedule of Maturities of Operating Lease Liabilities

Maturity of lease liabilities as of December 28, 2024 is as follows:


	Operating Leases		Finance Leases		Total
2025	$	35.1	$	6.2	$	41.3
2026	31.5		4.0		35.5
2027	24.5		2.7		27.2
2028	16.0		2.0		18.1
2029	14.4		0.9		15.3
Thereafter	55.5		0.0		55.5
Total lease payments	177.0		16.0		193.0
Less: Interest	(39.4)		(1.5)		(40.9)
Present value of lease liabilities	$	137.6	$	14.5	$	152.1

Schedule of Weighted Average Lease Terms and Discount Rates, Lessee

The following table summarizes the weighted-average discount rates and weighted-average remaining lease terms for operating and finance leases as of December 28, 2024:


	Weighted-Average Discount Rate		Weighted-Average Remaining Lease Term (years)
Operating leases	6.3	%	6.9
Finance leases	5.5	%	3.4