Leases (Tables)

12 Months Ended

Dec. 26, 2021

Leases [Abstract]

Lease Cost

Information related to the Company's leases for the years ended December 26, 2021 and December 27, 2020 is as follows:

	Year Ended			Year Ended
(In millions)	December 26, 2021			December 27, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	53.4		$	50.9
Right-of-use assets obtained in exchange for lease obligations:
Operating leases*	$	28.4		$	109.1
Weighted Average Remaining Lease Term:
Operating leases	5.6 years			6.1 years
Weighted Average Discount Rate:
Operating leases	3.0		%	3.1		%

*In 2020 as part of the acquisition of eOne, the Company recognized $88.8 million of Right-of-use assets, net in the form of operating leases.

Maturities of Operating Lease Liabilities

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 December 26, 2021:

	Year Ended
(In millions)	December 26, 2021
2022	$	50.3
2023	42.3
2024	30.2
2025	24.3
2026	18.7
2027 and thereafter	33.4
Total future lease payments	199.2
Less imputed interest	22.9
Present value of future operating lease payments	176.3
Less current portion of operating lease liabilities (1)	43.9
Non-current operating lease liability (2)	132.4
Operating lease right-of-use assets, net (3)	$	159.3
(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