Leases (Tables)

3 Months Ended

Mar. 30, 2019

Leases [Abstract]

Balance Sheet Location of Lease Assets and Liabilities

The balance sheet location of our lease assets and liabilities were as follows (in millions):

Assets	Balance Sheet Location	March 30, 2019
Operating	Operating lease assets	$	146.8
Finance	Other non-current assets	9.9
Total		$	156.7

Liabilities	Balance Sheet Location	March 30, 2019
Current
Operating	Accrued liabilities	$	34.8
Finance	Current indebtedness	1.9
Non-Current
Operating	Other non-current liabilities	116.4
Finance	Long-term debt, less current portion	4.7
Total		$	157.8

The below table shows our lease assets and liabilities by reporting segment (in millions):

	Assets				Liabilities
	Operating		Financing		Operating		Financing
	March 30, 2019		March 30, 2019		March 30, 2019		March 30, 2019
CSCA	$	30.1	$	1.9	$	30.2	$	1.4
CSCI	43.5		6.1		44.4		3.3
RX	38.6		0.1		40.1		0.1
Unallocated	34.6		1.8		36.5		1.8
Total	$	146.8	$	9.9	$	151.2	$	6.6

Finance Lease Maturity

The annual future maturities of our leases as of March 30, 2019 are as follows (in millions):

	Operating Leases		Finance Leases		Total
2019	$	31.0	$	1.7	$	32.7
2020	33.1		1.6		34.7
2021	24.0		2.9		26.9
2022	18.1		0.5		18.6
2023	15.0		0.3		15.3
After 2023	53.4		—		53.4
Total lease payments	174.6		7.0		181.6
Less: Interest	23.4		0.4		23.8
Present value of lease liabilities	$	151.2	$	6.6	$	157.8

Operating Lease Liability Maturity

The annual future maturities of our leases as of March 30, 2019 are as follows (in millions):

	Operating Leases		Finance Leases		Total
2019	$	31.0	$	1.7	$	32.7
2020	33.1		1.6		34.7
2021	24.0		2.9		26.9
2022	18.1		0.5		18.6
2023	15.0		0.3		15.3
After 2023	53.4		—		53.4
Total lease payments	174.6		7.0		181.6
Less: Interest	23.4		0.4		23.8
Present value of lease liabilities	$	151.2	$	6.6	$	157.8

Lease Expense

Lease expense was as follows (in millions):

	Three Months Ended
	March 30, 2019
Operating leases(a)	$	12.0
Finance leases
Amortization	$	0.7
Interest	0.1
Total	$	0.8

(a) Includes short-term leases and variable lease costs, which are immaterial.

Weighted Average Lease Terms and Discount Rates

Our weighted average lease terms and discount rates are as follows:

	Three Months Ended
	March 30, 2019
Weighted-average remaining lease term (in years)
Operating leases	6.81
Finance leases	2.59
Weighted-average discount rate
Operating leases	4.20	%
Finance leases	4.17	%

Leease Cash Flow Classifications

Our lease cash flow classifications are as follows (in millions):

	Three Months Ended
	March 30, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	11.7
Operating cash flows for finance leases	$	0.1
Financing cash flows for finance leases	$	0.7
Leased assets obtained in exchange for new operating lease liabilities	$	4.7