Leases (Tables)

9 Months Ended

Sep. 26, 2021

Leases [Abstract]

Schedule of Information Related to Leases

Information related to the Company’s leases for the quarter and nine months ended September 26, 2021 and September 27, 2020 are as follows:

	Quarter Ended						Nine Months Ended
	September 26, 2021			September 27, 2020			September 26, 2021			September 27, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	13.7		$	13.2		$	39.9		38.8
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	10.4		$	2.1		$	21.8		102.5
Weighted Average Remaining Lease Term
Operating leases	5.6 years			6.2 years			5.6 years			6.2 years
Weighted Average Discount Rate
Operating leases	3.1		%	3.1		%	3.1		%	3.1	%

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 September 26, 2021:

	September 26, 2021
2021 (excluding the nine months ended September 26, 2021)	$	13.2
2022	49.8
2023	41.6
2024	29.9
2025	23.9
2026 and thereafter	49.9
Total future lease payments	208.3
Less imputed interest	25.2
Present value of future operating lease payments	183.1
Less current portion of operating lease liabilities (1)	43.9
Non-current operating lease liability (2)	139.2
Operating lease right-of-use assets, net (3)	$	165.6

(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.