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Leases (Tables)
3 Months Ended
Apr. 02, 2022
Leases [Abstract]  
Balance Sheet Location of Lease Assets and Liabilities
The balance sheet locations of our lease assets and liabilities were as follows (in millions):
AssetsBalance Sheet LocationApril 2,
2022
December 31,
2021
OperatingOperating lease assets$195.7 $166.9 
FinanceOther non-current assets26.2 27.9 
Total$221.9 $194.8 

LiabilitiesBalance Sheet LocationApril 2,
2022
December 31,
2021
Current
OperatingOther accrued liabilities$24.4 $26.0 
FinanceCurrent indebtedness4.6 4.9 
Non-Current
OperatingOther non-current liabilities171.3 147.3 
FinanceLong-term debt, less current portion19.8 20.9 
Total$220.1 $199.1 
    
The below tables show our lease assets and liabilities by reporting segment (in millions):
Assets
OperatingFinancing
April 2,
2022
December 31,
2021
April 2,
2022
December 31,
2021
CSCA$95.5 $98.2 $14.9 $15.3 
CSCI27.9 30.7 7.5 7.9 
Unallocated72.3 38.0 3.8 4.7 
Total$195.7 $166.9 $26.2 $27.9 
Liabilities
OperatingFinancing
April 2,
2022
December 31,
2021
April 2,
2022
December 31,
2021
CSCA$96.3 $99.7 $15.7 $16.0 
CSCI29.1 31.8 4.8 5.0 
Unallocated70.3 41.8 3.9 4.8 
Total$195.7 $173.3 $24.4 $25.8 
Lease Expense
Lease expense was as follows (in millions):
Three Months Ended
April 2,
2022
April 3,
2021
Operating leases(1)
$9.7 $9.8 
Finance leases
Amortization$1.5 $1.5 
Interest0.2 0.2 
Total finance leases$1.7 $1.7 

            (1) Includes short-term leases and variable lease costs, which are immaterial.
Finance Lease Maturity
The annual future maturities of our leases as of April 2, 2022 are as follows (in millions):

Operating LeasesFinance LeasesTotal
2022$22.2 $4.1 $26.3 
202324.8 3.9 28.7 
202421.7 2.4 24.1 
202519.2 2.2 21.4 
202617.6 2.1 19.7 
After 2026122.4 13.6 136.0 
Total lease payments227.9 28.3 256.2 
Less: Interest32.2 3.9 36.1 
Present value of lease liabilities$195.7 $24.4 $220.1 
Operating Lease Liability Maturity
The annual future maturities of our leases as of April 2, 2022 are as follows (in millions):

Operating LeasesFinance LeasesTotal
2022$22.2 $4.1 $26.3 
202324.8 3.9 28.7 
202421.7 2.4 24.1 
202519.2 2.2 21.4 
202617.6 2.1 19.7 
After 2026122.4 13.6 136.0 
Total lease payments227.9 28.3 256.2 
Less: Interest32.2 3.9 36.1 
Present value of lease liabilities$195.7 $24.4 $220.1 
Weighted Average Lease Terms and Discount Rates
Our weighted average lease terms and discount rates are as follows:

April 2,
2022
April 3,
2021
Weighted-average remaining lease term (in years)
Operating leases12.0910.52
Finance leases9.289.31
Weighted-average discount rate
Operating leases2.61 %2.97 %
Finance leases2.82 %2.76 %
Lease Cash Flow Classifications
Our lease cash flow classifications are as follows (in millions):
Three Months Ended
April 2,
2022
April 3,
2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases$8.5 $10.0 
Operating cash flows for finance leases$0.2 $0.2 
Financing cash flows for finance leases$1.3 $1.3 
Leased assets obtained in exchange for new finance lease liabilities$— $4.2 
Leased assets obtained in exchange for new operating lease liabilities$31.6 $3.9