COMMITMENTS AND LEASES (Tables)

12 Months Ended

Dec. 30, 2023

Leases [Abstract]

Schedule of Supplemental Cost Information Related to Leases

Supplemental cost information related to leases is shown below.

(In millions)	2023		2022		2021
Operating lease costs	$	73.6	$	70.8	$	68.8

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases is shown below.

(In millions)	Balance Sheet Location	2023		2022
Assets
Operating	Other assets	$	200.2	$	161.7
Finance(1)	Property, plant and equipment, net	29.6		27.5
Total leased assets		$	229.8	$	189.2
Liabilities
Current:
Operating	Other current liabilities	$	45.4	$	42.4
Finance	Short-term borrowings and current portion of long-term debt and finance leases	6.3		5.4
Non-current:
Operating	Long-term retirement benefits and other liabilities	152.3		113.6
Finance	Long-term debt and finance leases	7.0		8.2
Total lease liabilities		$	211.0	$	169.6

(1) Finance lease assets are net of accumulated amortization of $14.6 million and $12.4 million as of December 30, 2023 and December 31, 2022, respectively.

Schedule of Supplemental cash flow information related to leases

Supplemental cash flow information related to leases is shown below.

(In millions)	2023		2022		2021
Cash paid for amounts included in measurement of operating lease liabilities	$	55.8	$	60.5	$	54.2
Operating lease assets obtained in exchange for operating lease liabilities	92.4		37.2		58.0

Schedule of weighted average remaining lease term and discount rate information

Weighted average remaining lease term and discount rate information related to leases as of December 30, 2023 and December 31, 2022 is shown below.

	2023		2022
Weighted average remaining lease term (in years):
Operating	7.1		5.9
Finance	3.1		2.7
Weighted average discount rate (percentage):
Operating	4.1	%	3.2	%
Finance	4.2		2.8

Schedule of Operating Lease Liabilities by Maturity Date

Operating and finance lease liabilities by maturity date from December 30, 2023 are shown below.

(In millions)	Operating Leases		Finance Leases
2024	$	50.3	$	6.9
2025	41.0		3.5
2026	32.4		1.9
2027	23.0		1.3
2028	15.1		.6
2029 and thereafter	69.5		.6
Total lease payments	231.3		14.8
Less: imputed interest	(33.6)		(1.5)
Present value of lease liabilities	$	197.7	$	13.3

Schedule of Finance Lease Liabilities by Maturity Date

Operating and finance lease liabilities by maturity date from December 30, 2023 are shown below.

(In millions)	Operating Leases		Finance Leases
2024	$	50.3	$	6.9
2025	41.0		3.5
2026	32.4		1.9
2027	23.0		1.3
2028	15.1		.6
2029 and thereafter	69.5		.6
Total lease payments	231.3		14.8
Less: imputed interest	(33.6)		(1.5)
Present value of lease liabilities	$	197.7	$	13.3