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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Summary of Lease Cost
Information related to the Company's leases for the years ended December 31, 2023 and December 25, 2022 is as follows:
Year EndedYear Ended
Year Ended
(In millions)December 31, 2023December 25, 2022December 26, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$48.6 52.4 53.4 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases net of lease modifications$87.8 5.8 28.4 
Weighted Average Remaining Lease Term:
Operating leases7.1 years4.4 years5.6 years
Weighted Average Discount Rate:
Operating leases3.8 %3.4 %3.0 %
Summary of Maturities of Operating Lease Liabilities
The following is a reconciliation of future undiscounted cash flows to the operating liabilities, and the related right of use assets, included in our Consolidated Balance Sheets as of December 31, 2023:
Year Ended
(In millions)December 31, 2023
2024
$45.2 
202540.3 
202633.0 
202722.8 
202818.2 
2029 and thereafter
52.5 
Total future lease payments212.0 
Less imputed interest60.4 
Present value of future operating lease payments151.6 
Less current portion of operating lease liabilities (1)
30.5 
Non-current operating lease liability (2)
121.1 
Operating lease right-of-use assets, net (3)
$126.7 
(1) Included in Accrued liabilities on the Consolidated Balance Sheets
(2) Included in Other liabilities on the Consolidated Balance Sheets
(3) Included in Property, plant and equipment on the Consolidated Balance Sheets