Leases (Tables)

3 Months Ended

Mar. 28, 2021

Leases [Abstract]

Schedule of Information Related to Leases

Information related to the Company’s leases for the quarters ended March 28, 2021 and March 29, 2020 are as follows:

	Quarter Ended
	March 28, 2021			March 29, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	13.2		$	11.6
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	7.3		$	64.2
Weighted Average Remaining Lease Term
Operating leases	5.9 years			6.0 years
Weighted Average Discount Rate
Operating leases	3.1		%	4.2		%

Reconciliation of Future Undiscounted Cash Flows

The following is a reconciliation of future undiscounted cash flows to the operating liabilities, and the related right of use assets, included in our Consolidated Balance Sheets as of March 28, 2021:

	March 28, 2021
2021 (excluding the three months ended March 28, 2021)	$	38.9
2022	47.8
2023	39.8
2024	27.9
2025	22.8
2026 and thereafter	48.3
Total future lease payments	225.5
Less imputed interest	22.5
Present value of future operating lease payments	203.0
Less current portion of operating lease liabilities (1)	45.9
Non-current operating lease liability (2)	157.1
Operating lease right-of-use assets, net (3)	$	186.4

(1) Included in Accrued liabilities on the consolidated balance sheets.

(2) Included in Other liabilities on the consolidated balance sheets.

(3) Included in Property, plant, and equipment on the consolidated balance sheets.