Leases (Tables)

12 Months Ended

Jan. 01, 2023

Leases [Abstract]

Schedule of Lease Costs

The components of lease expense were as follows (in millions):

Lease cost	Classification	For the year January 3, 2022 to January 1, 2023		For the year January 4, 2021 to January 2, 2022		For the year December 30, 2019 to January 3, 2021
Finance lease cost
Amortization of right-of-use assets	Selling, general and administrative expenses	$	13.2	$	10.8	$	9.1
Interest on lease liabilities	Interest and other non-operating expenses, net	2.0		1.5		1.3
Operating lease cost	Cost of goods sold	5.7		3.7		3.1
Operating lease cost	Selling, general and administrative expenses	76.2		70.4		64.8
Short-term lease cost	Selling, general and administrative expenses	2.1		1.5		1.9
Variable lease cost	Selling, general and administrative expenses	1.4		0.9		0.6
Sublease income	Selling, general and administrative expenses	(1.1)		(1.1)		(1.0)
Total lease cost		$	99.5	$	87.7	$	79.8

Supplemental cash flow information related to leases was as follows (in millions):

Other information	For the year January 3, 2022 to January 1, 2023		For the year January 4, 2021 to January 2, 2022		For the year December 30, 2019 to January 3, 2021
Cash paid for amounts included in the measurements of lease liabilities:
Operating cash flows from finance leases	$	2.0	$	1.5	$	1.3
Operating cash flows from operating leases	$	81.5	$	72.5	$	66.0
Financing cash flows from finance leases	$	12.6	$	10.4	$	8.5
Right-of-use assets obtained in exchange for new lease liabilities:
Finance leases	$	26.0	$	14.2	$	27.4
Operating leases	$	86.7	$	94.9	$	79.9

The weighted-average lease terms and discount rates were as follows:

Lease Term and Discount Rate	January 1, 2023		January 2, 2022
Weighted-average remaining lease term
Finance leases	4.3 years		4.4 years
Operating leases	6.5 years		6.9 years
Weighted-average discount rate
Finance leases	4.7	%	3.6	%
Operating leases	4.7	%	4.8	%

Schedule of Future Lease Payments for Operating Leases

The aggregate future lease payments for operating and finance leases as of January 1, 2023 were as follows (in millions):

Maturity of Lease Liabilities	Operating Leases		Finance Leases
Fiscal year:
2023	$	76.4	$	17.2
2024	71.9		15.9
2025	59.5		12.9
2026	45.7		9.9
2027	34.4		6.2
Thereafter	99.7		2.6
Total lease payments	387.6		64.7
Less: interest	57.4		6.0
Present value of lease liabilities	$	330.2	$	58.7

Schedule of Future Lease Payments for Finance Leases

The aggregate future lease payments for operating and finance leases as of January 1, 2023 were as follows (in millions):

Maturity of Lease Liabilities	Operating Leases		Finance Leases
Fiscal year:
2023	$	76.4	$	17.2
2024	71.9		15.9
2025	59.5		12.9
2026	45.7		9.9
2027	34.4		6.2
Thereafter	99.7		2.6
Total lease payments	387.6		64.7
Less: interest	57.4		6.0
Present value of lease liabilities	$	330.2	$	58.7