Leases (Notes)

12 Months Ended

Dec. 30, 2023

Leases [Abstract]

Lessee, Operating Leases [Text Block]

LEASES

The following is a summary of the Company’s lease cost.

	Fiscal Year
(In millions)	2023		2022
Operating lease cost	$	40.4	$	36.0
Variable lease cost	13.8		14.5
Short-term lease cost	4.6		3.1
Sublease income	(6.0)		(8.3)
Total lease cost	$	52.8	$	45.3

The following is a summary of the Company’s supplemental cash flow information related to leases.

	Fiscal Year
(In millions)	2023		2022
Cash paid for operating lease liabilities	$	44.3	$	39.5
Operating lease assets obtained in exchange for lease liabilities	14.2		72.5

The weighted-average discount rate for operating leases as of December 30, 2023 is 5.3%. The weighted-average remaining lease term for operating leases as of December 30, 2023 is 7.6 years. Future undiscounted cash flows for operating leases for the fiscal periods subsequent to December 30, 2023 are as follows:

(In millions)	Operating Leases
2023	$	35.2
2024	31.7
2025	27.1
2026	23.5
2027	20.9
Thereafter	72.3
Total future payments	210.7
Less: imputed interest	43.6
Recognized lease liability	$	167.1

The Company did not enter into any real estate leases with commencement dates subsequent to December 30, 2023.