Leases (Tables)

12 Months Ended

Dec. 27, 2020

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


	Fiscal Years Ended
	December 27, 2020		December 29, 2019
Operating lease cost	$	136.7	$	118.3
Finance lease cost:
Amortization of right-of-use assets	14.5		12.4
Interest on lease liabilities	0.9		0.8
Short-term lease cost	4.7		5.3
Total lease cost	$	156.8	$	136.8

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


	December 27, 2020		December 29, 2019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows related to operating leases	$	130.9	$	119.3
Operating cash flows related to finance leases	$	1.0	$	1.0
Financing cash flows related to finance leases	$	14.3	$	13.7
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	219.7	$	204.7
Finance leases	$	18.1	$	11.6

Supplemental balance sheet information related to leases was as follows (in millions, except lease term and discount rate):


	December 27, 2020		December 29, 2019
Operating Leases
Operating lease right-of-use assets	$	1,030.7	$	811.1
Accumulated amortization	(163.9)		(75.2)
Operating lease right-of-use assets, net	$	866.8	$	735.9
Other accrued expenses	$	78.1	$	68.6
Operating lease liabilities	836.6		709.5
Total operating lease liabilities	$	914.7	$	778.1
Finance Leases
Property and equipment, gross	$	144.2	$	127.4
Accumulated depreciation	(108.9)		(90.9)
Property and equipment, net	$	35.3	$	36.5
Other accrued expenses	$	11.1	$	12.4
Other liabilities	17.2		12.6
Total finance lease liabilities	$	28.3	$	25.0
Weighted Average Remaining Lease Term (Years)
Operating leases	11.67		11.81
Finance leases	3.27		1.58
Weighted Average Discount Rate
Operating leases	5.6%		5.7%
Finance leases	3.3%		4.6%

Maturities of lease liabilities as of December 27, 2020 are as follows (in millions):

Maturities of lease liabilities as of December 27, 2020 are as follows (in millions):