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COMMITMENTS AND LEASES
 12 Months Ended
Dec. 28, 2024
Leases [Abstract]  
COMMITMENTS AND LEASES COMMITMENTS AND LEASES
Supplemental cost information related to leases is shown below.
(In millions)202420232022
Operating lease costs$75.1 $73.6 $70.8 
Lease costs related to finance leases were not material in 2024, 2023 or 2022.
Supplemental balance sheet information related to leases is shown below.
(In millions)Balance Sheet Location20242023
Assets
OperatingOther assets$227.5 $200.2 
Finance(1)
Property, plant and equipment, net32.5 29.6 
Total leased assets$260.0 $229.8 
Liabilities
Current:
OperatingOther current liabilities$49.6 $45.4 
FinanceShort-term borrowings and current portion of long-term debt and finance leases4.3 6.3 
Non-current:
OperatingLong-term retirement benefits and other liabilities176.1 152.3 
FinanceLong-term debt and finance leases9.1 7.0 
Total lease liabilities$239.1 $211.0 
(1) Finance lease assets are net of accumulated amortization of $18.7 million and $14.6 million as of December 28, 2024 and December 30, 2023, respectively.
Supplemental cash flow information related to leases is shown below.
(In millions)202420232022
Cash paid for amounts included in measurement of operating lease liabilities
$61.0 $55.8 $60.5 
Operating lease assets obtained in exchange for operating lease liabilities93.0 92.4 37.2 
Cash flows related to finance leases were not material in 2024, 2023 or 2022.
Weighted average remaining lease term and discount rate information related to leases as of December 28, 2024 and December 30, 2023 is shown below.
20242023
Weighted average remaining lease term (in years):
Operating6.77.1
Finance3.63.1
Weighted average discount rate (percentage):
Operating4.6 %4.1 %
Finance4.7 4.2 
Operating and finance lease liabilities by maturity date from December 28, 2024 are shown below.
(In millions)Operating LeasesFinance Leases
2025$55.6 $5.3 
202647.8 3.6 
202737.0 2.8 
202826.3 1.8 
202921.8 .9 
2030 and thereafter72.5 .5 
Total lease payments261.0 14.9 
Less: imputed interest(35.3)(1.6)
Present value of lease liabilities$225.7 $13.3 
As of December 28, 2024, we had no significant operating or finance leases that had not yet commenced.
COMMITMENTS AND LEASES COMMITMENTS AND LEASES
Supplemental cost information related to leases is shown below.
(In millions)202420232022
Operating lease costs$75.1 $73.6 $70.8 
Lease costs related to finance leases were not material in 2024, 2023 or 2022.
Supplemental balance sheet information related to leases is shown below.
(In millions)Balance Sheet Location20242023
Assets
OperatingOther assets$227.5 $200.2 
Finance(1)
Property, plant and equipment, net32.5 29.6 
Total leased assets$260.0 $229.8 
Liabilities
Current:
OperatingOther current liabilities$49.6 $45.4 
FinanceShort-term borrowings and current portion of long-term debt and finance leases4.3 6.3 
Non-current:
OperatingLong-term retirement benefits and other liabilities176.1 152.3 
FinanceLong-term debt and finance leases9.1 7.0 
Total lease liabilities$239.1 $211.0 
(1) Finance lease assets are net of accumulated amortization of $18.7 million and $14.6 million as of December 28, 2024 and December 30, 2023, respectively.
Supplemental cash flow information related to leases is shown below.
(In millions)202420232022
Cash paid for amounts included in measurement of operating lease liabilities
$61.0 $55.8 $60.5 
Operating lease assets obtained in exchange for operating lease liabilities93.0 92.4 37.2 
Cash flows related to finance leases were not material in 2024, 2023 or 2022.
Weighted average remaining lease term and discount rate information related to leases as of December 28, 2024 and December 30, 2023 is shown below.
20242023
Weighted average remaining lease term (in years):
Operating6.77.1
Finance3.63.1
Weighted average discount rate (percentage):
Operating4.6 %4.1 %
Finance4.7 4.2 
Operating and finance lease liabilities by maturity date from December 28, 2024 are shown below.
(In millions)Operating LeasesFinance Leases
2025$55.6 $5.3 
202647.8 3.6 
202737.0 2.8 
202826.3 1.8 
202921.8 .9 
2030 and thereafter72.5 .5 
Total lease payments261.0 14.9 
Less: imputed interest(35.3)(1.6)
Present value of lease liabilities$225.7 $13.3 
As of December 28, 2024, we had no significant operating or finance leases that had not yet commenced.