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Leases (Tables)
3 Months Ended
Apr. 01, 2023
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 1, 2023December 31, 2022
OperatingOperating lease assets$211.7 $217.1 
FinanceOther non-current assets21.0 22.0 
Total$232.7 $239.1 

LiabilitiesBalance Sheet LocationApril 1, 2023December 31, 2022
Current
OperatingOther accrued liabilities$28.3 $28.4 
FinanceCurrent indebtedness2.8 3.3 
Non-Current
OperatingOther non-current liabilities184.7 189.5 
FinanceLong-term debt, less current portion16.9 17.4 
Total$232.7 $238.6 
    
The below tables show our lease assets and liabilities by reporting segment (in millions):
Assets
OperatingFinancing
April 1, 2023December 31, 2022April 1, 2023December 31, 2022
CSCA$97.9 $100.5 $13.5 $13.8 
CSCI48.4 49.5 6.5 6.6 
Unallocated65.4 67.1 1.0 1.6 
Total$211.7 $217.1 $21.0 $22.0 
Liabilities
OperatingFinancing
April 1, 2023December 31, 2022April 1, 2023December 31, 2022
CSCA$99.4 $102.2 $14.6 $14.9 
CSCI51.0 51.7 4.0 4.1 
Unallocated62.6 64.0 1.1 1.7 
Total$213.0 $217.9 $19.7 $20.7 
Lease Expense
Lease expense was as follows (in millions):
Three Months Ended
April 1, 2023April 2, 2022
Operating leases(1)
$12.0 $9.7 
Finance leases
Amortization$1.1 $1.5 
Interest0.1 0.2 
Total finance leases$1.2 $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 1, 2023 are as follows (in millions):

Operating LeasesFinance LeasesTotal
2023$24.7 $2.7 $27.4 
202429.5 2.4 31.9 
202527.6 2.2 29.8 
202622.4 2.0 24.4 
202721.7 2.0 23.7 
After 2027117.9 11.6 129.5 
Total lease payments243.8 22.9 266.7 
Less: Interest30.8 3.2 34.0 
Present value of lease liabilities$213.0 $19.7 $232.7 
Operating Lease Liability Maturity
The annual future maturities of our leases as of April 1, 2023 are as follows (in millions):

Operating LeasesFinance LeasesTotal
2023$24.7 $2.7 $27.4 
202429.5 2.4 31.9 
202527.6 2.2 29.8 
202622.4 2.0 24.4 
202721.7 2.0 23.7 
After 2027117.9 11.6 129.5 
Total lease payments243.8 22.9 266.7 
Less: Interest30.8 3.2 34.0 
Present value of lease liabilities$213.0 $19.7 $232.7 
Weighted Average Lease Terms and Discount Rates
Our weighted average lease terms and discount rates are as follows:
April 1, 2023April 2, 2022
Weighted-average remaining lease term (in years)
Operating leases10.8512.09
Finance leases9.499.28
Weighted-average discount rate
Operating leases2.5 %2.6 %
Finance leases3.0 %2.8 %
Lease Cash Flow Classifications
Our lease cash flow classifications are as follows (in millions):
Three Months Ended
April 1, 2023April 2, 2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases$9.0 $8.5 
Operating cash flows for finance leases$0.1 $0.2 
Financing cash flows for finance leases$1.0 $1.3 
Leased assets obtained in exchange for new operating lease liabilities$1.4 $31.6