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COMMITMENTS AND LEASES
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
COMMITMENTS AND LEASES COMMITMENTS AND LEASES
Supplemental cost information related to leases is shown below.
(In millions)202520242023
Operating lease costs$77.7 $75.1 $73.6 
Lease costs related to finance leases were not material in 2025, 2024 or 2023.
Supplemental balance sheet information related to leases is shown below.
(In millions)Balance Sheet Location20252024
Assets
OperatingOther assets$215.8 $227.5 
Finance(1)
Property, plant and equipment, net15.9 32.5 
Total leased assets$231.7 $260.0 
Liabilities
Current:
OperatingOther current liabilities$53.1 $49.6 
FinanceShort-term borrowings and current portion of long-term debt and finance leases5.2 4.3 
Non-current:
OperatingLong-term retirement benefits and other liabilities167.6 176.1 
FinanceLong-term debt and finance leases11.0 9.1 
Total lease liabilities$236.9 $239.1 
(1) Finance lease assets are net of accumulated amortization of $16.0 million and $18.7 million as of year-end 2025 and 2024, respectively.
Supplemental cash flow information related to leases is shown below.
(In millions)202520242023
Cash paid for amounts included in measurement of operating lease liabilities
$63.8 $61.0 $55.8 
Operating lease assets obtained in exchange for operating lease liabilities47.6 93.0 92.4 
Cash flows related to finance leases were not material in 2025, 2024 or 2023.
Weighted average remaining lease term and discount rate information related to leases as of December 31, 2025 and December 28, 2024 is shown below.
20252024
Weighted average remaining lease term (in years):
Operating6.56.7
Finance3.63.6
Weighted average discount rate (percentage):
Operating4.7 %4.6 %
Finance4.7 4.7 
Operating and finance lease liabilities by maturity date from December 31, 2025 are shown below.
(In millions)Operating LeasesFinance Leases
2026$59.7 $6.0 
202746.9 5.0 
202833.6 3.3 
202928.1 2.3 
203022.2 1.0 
2031 and thereafter66.9 .3 
Total lease payments257.4 17.9 
Less: imputed interest(36.7)(1.7)
Present value of lease liabilities$220.7 $16.2 
As of December 31, 2025, 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)202520242023
Operating lease costs$77.7 $75.1 $73.6 
Lease costs related to finance leases were not material in 2025, 2024 or 2023.
Supplemental balance sheet information related to leases is shown below.
(In millions)Balance Sheet Location20252024
Assets
OperatingOther assets$215.8 $227.5 
Finance(1)
Property, plant and equipment, net15.9 32.5 
Total leased assets$231.7 $260.0 
Liabilities
Current:
OperatingOther current liabilities$53.1 $49.6 
FinanceShort-term borrowings and current portion of long-term debt and finance leases5.2 4.3 
Non-current:
OperatingLong-term retirement benefits and other liabilities167.6 176.1 
FinanceLong-term debt and finance leases11.0 9.1 
Total lease liabilities$236.9 $239.1 
(1) Finance lease assets are net of accumulated amortization of $16.0 million and $18.7 million as of year-end 2025 and 2024, respectively.
Supplemental cash flow information related to leases is shown below.
(In millions)202520242023
Cash paid for amounts included in measurement of operating lease liabilities
$63.8 $61.0 $55.8 
Operating lease assets obtained in exchange for operating lease liabilities47.6 93.0 92.4 
Cash flows related to finance leases were not material in 2025, 2024 or 2023.
Weighted average remaining lease term and discount rate information related to leases as of December 31, 2025 and December 28, 2024 is shown below.
20252024
Weighted average remaining lease term (in years):
Operating6.56.7
Finance3.63.6
Weighted average discount rate (percentage):
Operating4.7 %4.6 %
Finance4.7 4.7 
Operating and finance lease liabilities by maturity date from December 31, 2025 are shown below.
(In millions)Operating LeasesFinance Leases
2026$59.7 $6.0 
202746.9 5.0 
202833.6 3.3 
202928.1 2.3 
203022.2 1.0 
2031 and thereafter66.9 .3 
Total lease payments257.4 17.9 
Less: imputed interest(36.7)(1.7)
Present value of lease liabilities$220.7 $16.2 
As of December 31, 2025, we had no significant operating or finance leases that had not yet commenced.